Charily Reglstration Number: 1080765
The Roger Newport Foundation
Report and financial statements
for the year ended 31 December 2023

The Roger Newport Foundation
Annual report and financial statements
for the year ended 31 December 2023
Contents
Page
Report of the Trustee
Independent Examiner's repori lo the Trustee of The Roger Newport FourKlation
Stalemenl of financial acliviles
10
Balance sheel
11
Principal accwnting policies
Notes lo Ihe financial statements
12
14

Report of the Trustee
for the year ended 31 December 2023
The Trustee presents it5 retxirt and audited finanoal statements for The Roger Newport Foundation (Ihe
charily'l for the year ended 31 December 2023.
The financi81 statements comply with current stalulory requifftments. the governing instruments and the
Sialemenl of Recommended Prac11￿ ISORPI 'Ac￿u￿tIng and Reporting by Charities. issued in 2019.
Trustee. officers and advlsers
The Trustee of the charity is SMV Trustee Company Limited.
Listed below are those members who have served on the Board of SMV Trustee Company Limited during
the year..
Michael Both8￿￿eY
Robert BcMJrns
Jonalhon Baker
Patrick Despard
David Freed
Gillian Camm
Ross Ance
Martin Thatcher
Dr Steve Allpress
N￿k Baker
Karf Tucker
Kalharine Finn
David Powell
Mark Burchfield
Heather Frankham
Professor Sir Steven Wesl
Laura Marshall
Tracey Killen
{Retired 10 November 2023)
{Retired 10 November 2023)
{Rebred 10 November 2023)
(Apprynled 10 Novembw 2023)
(Appoinled 10 Novemtw 2023)
(Apwinted 10 November 2023)
Registered addiess of the Charity
Merchants, Hall
Th8 Promenade
Clifton
Bristol BS8 3NH
Charlty Number: 1080765

Report of the Trustee
for the year ended 31 December 2023
Names and addresses of other relevant organlsations
Independent Examiner
Bishop Fleming LLP. 10 Temple Back. Bnsld. BS16FL
Banker
Nalwest B￿k plc. 32 Cc¥n Street. Bristol. BS99 7UG
Solicitor
Womble Bond 0￿Inson IUKI LLP. 3 Temple Quay. Temple Back East, Bristol. BS16DZ
Investment Managor
Evdyn Partner5 lllvestmenl Managemenl LLP. P￿￿11 Place, Portsvall Lane. Bristol, BS16NA
Reference and admlnlstratlve Infomatlon
Structure, govemance and management
Governlng document
The Roger Newport Foundation is a registwed charity {charity no 1080765) and is ￿verned by a Trust
Oeed dated 1 March 2000.
Governlng body and organisational managgment
The Trustee of the Chaiity is SMV Trustee Company Limiled, a company limited by guaranlee. All Ihe
members of the Society of MerGhanl Venturers. Standing Commillee are Direclors of SMV Trustee
Company Limited.
The Trustee meets regularfy and periodically reviews operation and financial results of the Charity.
Assisling the Trustee are the Roger Newport Advisory Committee. the Inveslmenl Siralegy Group. the
Finance and Investment SutFCommillee and the Conflicts of Inle￿$1 Advisory Sub-commillee.
The Roger Newport Advisory Committee manages the charity on behalf of the Trustee and constders the
level ol bUrsar￿S and prizes lo be awarded lo pupils al the Collegiate School against the level of surplus
funds lo be invested in accordar)ce with the Founder's wshes. Members of the Committee served
during the year weie:
Chris Booy (Chairl
Nick Baker
Karen Morgan
Kathryn Bishop
Caroline Duckworth
Jeremy Mccullough (Ex Officio, Headl
The Conflicts of Interest Advisory Sub-commillee comprises of two individua15 Wlth no ￿nne¢lIOn lo either
SMV or SMV TCL who can advise on areas where a conllicl of interest mwjhl arise.
As detailed in note 10. the So¢￿ty of Merchant Venlurers provided admiriislrats.ve services lo the charities
of which SMV TCL was Injslee and las pem)itled by the Charity Commission) made a charge for these.
The Conflicts of Interest Advisory Sub-commillee ha5 reviewed these charges and made a
recommendation lo the board of SMV TCL that the proposed charges are, lin the opinion of the members
of the Sub-committee) appropriate.

Report of the Trustee
for the year ended 31 December 2023
Govoming body and organisatlonal management (cont5nued)
The Trustee has delegated lo the Inveslmenl Strategy Group management of the asset allocation and the
investment strategy on an annud basis laking into account Ihe recommendations from the Finance and
Inve51fflenl Sub-commillee. past and projected inveslmenl performance and fulure capital and revenue
requirements. The members of the Investmenl Strategy Group who served during the year were..
Atan Lewi5 {Chairnianl
Michad Bolhamley
David Freed
Patrick Despard {Resigned 10 November 20231
Robert Bourns
Jonalhon Baker (Appointed 10 November 20231
Tim Ross
Ross Ancell
Cullurn McAlpine (Resigned 10 November 20231
Geoff Matthews {Resigned 10 November 2023>
Chris Pople
Dr Steve Allpress
Caroline Duckworth
The Trustee has delegated to the Finance and Investment Sub-committee management of the financial
asset investment portfolio.. the appointment of appropriate Fund Managers and monitoring their
performance,. and to recommend lo the Investment Strategy Group the optimum strategy for financial
investment. The members of the Finance and Investment sU￿cOMMittee who served during th8 year
were..
Dr Steve Allpress (Chairman}
Michael Bolhamley
Robert Bourns
Jonalhon Baker (Appointed 10 November 2023)
Patrick Despard (Resigned 10 Novernber 20231
OavKI Freed
Alan Lews
Tim Ross
Ross Ancell (Resigned 10 November 2023)
Cullum McAlpine (Resigned 10 November 2023)
Geoff Mallhews
Chris Pople
Lee Gardhouse IAppKJinled 10 November 2023)
Caroline Duckworth
Recrultment and trainlng of the Truste8
The members of the Board of SMV Trustee Company Limited are elected annually from within the
membership of the Society and are apprised of the general duties of a trustee. In the event of signrficanl
changes lo legislation or best practjce, further relevant Iraining is underlaken.
The members of the Investment Stralegy Group and Finance & Investment Sub-commillee bring with them
skills and experience of the financial inveslmenl sector_ Members of the Roger Newpoil Advisory
Committee reflect the Trustee's interest in e(lucalion and possess Ihe experience lo meet the objects of
the Foundats"on.

Report of the Trustee
for the year ended 31 December 2023 (continued)
Risk Management
In light of the Corporate Govemance guidance contained wilhin the Statement of Recommended Practice
"Accounting and Reporting by Charilvè5" the Trustee has examined the major risks faced by the charily.
The Trustee continues to monit￿ and manage ongoing risks relating lo areas such as Ihe achievement of
the charitable objects and the protection of the charity's assets. Syslems are in place lo monitor and control
these risks to mitvJale the impact that they rnay have on the charity in Ihe luture.
The Society of Merchant Venturers. Audit Committee is responsible for assessing the scope and
effecliverbess of the systems and processes estat￿lshe￿ by managemenl lo idenlrfy, assess. manage and
monitor the financial and non-financial risks. The risk register is reviewed and updated as required and on
a bi-annual basis by Management a￿1 by the Merchant Venlurers. Audit Committee and is noted by the
Trustee.
The Charity is relianl on Ihe income from ils investments lo enable il lo fund bursaries and prizes in the
furtherance of ils charitable objectwes. The charty does however have reserves in significant excess of ils
annual expenditure and therefore rf required il could meet expenditure from these reserves.
Objectlves and activitles
The Trustee confirms that it has referred to the guidance contained in Ihe Charity Commission's general
guidance on public benefrt when reviewing the charity's aims and objectives and in planning future activities.
Objects of the Foundation
The object of the Foundation is the advancemenl of education by the creation of bursaries ￿ prizes lo be
awarded lo children who wish lo allend the Collegiate School. Siaplelon. Bristol but would not otherwise
be able lo do so wilhoul financial as51slance. This object has been met during the year.
Achlevements and Perfomiance
The Trustee is pleased lo report that the Foundation continued lo meet Ils objects during the year by
F￿edgIng £107.468 {2022.' £32.8501 for bursaries for pupils al the Collegiate School.
Flnanclal revl•w
During 2023 a lug of war between inflation arKI interest rates played out acT05S continents. Many central
banks had the delicate task of Curbing infiation wilhoul il slffling the economy. The UK graprled with sticky
inflation. and this posed challenges to both consumefs and policymakers. Al the stsrl of the year Consumer
Price Inflation ICPI} hil a reeord 10.7°h by Oclobef Il had declined lo 4.6¥0 bul it remained higher Ihan the
US13_2Yo} and the eurozone12.9Qk). 2023 saw the lowest percentage of stocks outperforming Ihe index
over the past 25 years. wlh the -Magnrficent Seven" driving equity retums in 2023 returns dwarfing
the US and International market returns. Developed equity valuations (led by the US markell are close
again lo previous peaks. The total return of Ihe investment portfolTro in the year was a gain of +9.54%
versus the composite benchmark of +8.6%12022.' loss of 16.8% versus the ￿mpOsIte benchmark loss of
6.3%}.
The charity had a net operating deficit of (£30.2691 for 2023. this compared to an operating surplus of
£43,069 in 2022.
Investment policy
The investment portfolio is of medium risk and has an emphasis on inveslmenls considered to have lon9er
term growth potential with less regard for current income. The portfolio is monitored againsl the MSCI AII
Share index a5 well as a composite index comprislng 20¢A Mkt iBoxx Gill, 550A FT All Share. 200 MSCI
Wortd EX-UK, SO/y 3M LIBOR.

Report of the Trustee
for the year ended 31 December 2023 (continued)
Reserves pollcy
In accordance with the Founder's wishes, the Tnjstee aims to sleadity grow the fund via a combination of
capital growth and reinveslmenl of income. whilst providing a reliable income stream lo meet the charity's
objectives_ The policy is reviewed by the Tmslee on an annual basis. Al 31 December 2023 the unrestricted
funds were £3.163,571. At 31 December 2023 there were nel current assets of £250,873.
Going concern
The financial stalemenis have been tyepared on a g)1￿ ¢orwn basis vthith Trustee corksiders lo be
approwiale for the following reasons.
The Truslee has prepared cash flow forecasts for a perKMI (rf 12 months from the dale of approval of these
financial statements whrh iThJicale that. taking account of reasonabty possibLg downsides. the charty will have
sufficwt funds lo meet ils liabilities as they fall due that permjd.
The doWns￿e scenarios conskjered by the Trustee indude a siluab.on where income is significantly redu￿d.
The charity has current assets consKlwably in excess of ils liabilits.es and. even with a significant fall in income,
has sufficient resour￿ lo m8et ils li*ilities as they fall due throughout the fOr￿aSt peric*J.
Consequently, the Twslee is confthnl Ihal the charity wll have 5ufficErt furKls to meet ils liabdrti8s as they fall
due for al least 12 monlhs from the dale of approval of the finarrid stslemenls a￿1 therefore has prepared the
r5nanci* slalemenls on a going cor￿eM basis.
Future plans
11 is the intention of the Truslee lo continue lo invest surplus funds in a managed portfolio with Evelyn
Partners Inveslment Management. The portfolio will be managed on a discretionary basis to provide a
balanced return betsveen longer term capital growth and current income with a ffledium level of risk.
In order lo award bursaries and pfizes. Ihe TnJstee aims to provide a wstainable income stream which is
apable of growin9 in real terms_ This income TrMII. in accordance with the Founder'5 wishes, be primarily
used lo provide bursaries to Sixth Fomi pupils wishing to attend Collegiate School.

Report of the Trustee
for the year ended 31 December 2023 (continued)
Accounting and reporting responsibilities
Statement of Trustee's rgsponslbllliles in respect of tho Trustee's Annual Report and the financial
statements
Under charity law, the Iruslees are responsible for preparing a Trustees, Annual Report and the financial
staternenls in accordance wlh applicable law and regulations. The Iruslees are required to prepare the
financial slalemenis in accordance with UK Accounting Standards, including FRS 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland_
The financial slalemènts are required by law lo give a true and fair VMV of the stale of affairs of the charity
and of the incoming resour￿$ and application of resources for that period.
In preparing these financial slalements. generally ac￿pted accounting practice enlails that the trustees..
selecl suitable accounting policies and Ihen apply them consistenlly..
make judgemenls and eslimales that are reasonable and prudent-.
slate whether applicable UK A(xounting Standards and the Slalement of Recommended Praelice
have been followed. subject to any material departures disclosed and explained in the financial
slalemenls..
slate whether the financial statements comply with Ihe trust deed. subject lo any material
departures disdosed arKJ explained in Ihe financial statements..
assess the Chari￿s ability lo continue as a gjing concern. discJosin9. as applicable. matters related
lo going concem.. and
use the going concem basis of accounting unless they either intend to liquidate the charity or lo
cease operations, or have no realist￿ allernatNe bul lo do so.
The Iruslees are required to act in accordance with the tnJ$l deed of the charity, within the framework of
trust law. They are resp)nsible for keeping accounting records which are sufficient to show and explain
the charity's transactions a￿1 disclose al any lime. wlh reasonable accuracy, the financial position of the
charity al that lime. and lo enable the trustees to ensure that. where any slalemenls of accounts are
prepared by them under section 132{1) of the Charitie5 Act 2011. those sialements of accounts comply
wilh the requirements of regulations un(ier that provision. They are responsible for such internal control 88
they determine is necessary lo enable the preparation of financial statements that are free from material
misstalemenl. whether due lo fraud or error. and have general responsibility for taking such steps as are
reasonably open lo them lo safeguard the assets of the charity and lo prevent and delect fraud and other
irregularities.
The Iruslees are responsi1￿e for Ihe mainlenance and integrity of the financial and other information
included on the charity's website. Legislation in the UK goveming the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Slgned for and on behalf of the Trustee
/6Lo_4
Michael Bothamley, Director
Merchants, Hall, The Promenade. Clifton. Bristol. BS8 3NH
Dale: 7 >>KJf 20%*

Independent Examiner's report to the Trustee of The Roger Newport
Foundation
I report to th8 charity Trust88 on rny eXam￿aLl￿ of ihe accounts ofthe charity for Ihe year ended 31 Dec&mb8r 2023.
R•sponsibilities and ba515 of report
As the Trustee of the ¢harity you are responsble for the preparalicffl of the accounts in ￿cOrdar￿ W[￿ Iho
requirements of thè Charities Act 2011 Ilhe 2011 Act'l.
I r8POrt in r8specl ol my examin8tpon of Ihe charivs accounts carried out under secth)n 145 of the 2011 Acl and in
carrying out Tny examination I have followed all the appI￿a￿e Direclionsgiven bythe Charity CoMmiss￿n undersection
14515llbl ol the 2011 Act.
Indop•nd¢nt 0￿mIner'S ¥tat¢menl
Your attention 15 drawn to the Igcl th81 Ihe charity has prepared ihe accounls in accordan￿ wilh Accountin9 and
ReportirKJ by Charit￿s.. Staternenl ol R￿rnrnended Practice applicable to charities preparirKJ their accounts In
a¢cordan¢e with the Fina￿la1 Repo￿.ng Standard appluble in Ihe UK and Republic ol I￿lan(S IFRS 1021 in pr*fÈr8FKe
lo the A¢¢ounling ar¥1 Reportiw by Charities.. Slatemenl of Recommended Praclbce ISSU￿ ot) 1 A￿"12005 wh￿h i
refer￿￿ to in the èxtant regulations bul has been wthdrawn.
l understand that thi5 has b88n done in cyder tr the Io PTowde a twe and lair v￿W in accordance wth th8
Ge￿ralty Ac¢epletJ A¢¢ountry Pr#￿Ice effectNe for remirg perK*Js beginning on or after 1 January 2019.
I have completed my examination. I can confinn that no matters have ojme to my attention in connection wth the
examination giving m$ cause lo b$lieve that in 8ny matwial respect..
accounting records weTr rK)I kept in resp6rl of Ihe charity as required by section 130 of the 2011 Act..
the accounts do not ac￿r￿ with tIK)3e records: or
the accounts do not comtAy wth the applicable wuiremenis COr￿*m1r￿j the fomi and contenl ol accounts sèt
out in the Charities IAr£ounls and Reports) Regulations 2008 other than any requirement that the accounts give
a 'true and fairf ￿8￿ which is not a matter consdered as part ol an indepeThYenl examination.
I havè no concems and have ¢omo a¢ross IK) other fflatte￿ in connection with the examination to whth attentKJn
should be drawn in this ￿ort in ortler to 8￿￿￿e a proper vndw3knding of ihe actounts lo be reached.
This ￿port is madè solèly to th8 charitys Trustee. as a tK*Yy. in accordance with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. My work has been unijertaken so Ihat I mKJhl state to the charity's Trustee those mattets I
am ￿QuIred lo state to theffl in an IrKkpendent Examinerfs Report and for no oiher purkx)se. To the fullesl extent
pemiiited by law. I do not accept or assume resp[￿ibl1ity to ￿YOne other than ￿ charity and the charity's Trustee as
a body, for my worft or for this retM)rt.
Chris Trantham FCA
Blshop Fl•ming LLP
Chartered Accountsnls
10 Temple Back
Brislol
8S1 6FL
Date.. ULY 3oQ4

The Roger Newport Foundation
Statement of financlal activities
for the year ended 31 December 2023
Notes
2023
2022
Income from:
Investments
94.389
81,038
Total income
94.389
81,038
Expenditur• on-.
Raising funds - Investment manager charges
Charilable activities
(2.682)
(119,902)
(2.0741
{124,6581
130,269)
179.562
{2,9941
(31,7301
13,2451
(37.9691
43.069
Other
Total expendlture
Net Ideficltllsurplus
Gainl(lossl on revaluation of investments
Net movement In funds
(663.2561
(620.1871
149.293
Reconciliation of funds:
Total funds brought fonvard
Total funds carried forward
3.014.278
3,634.465
3.163.571
3.014.278
The statement of finanoal aclwilies ndudes all gains arbJ10sses rwnised in the year.
Al incoming resources a￿1 resour￿ expended derive from continuiry aclNilies.
Al income and eynditure in ljoth years is Unreslr￿ted.
The accompanying notes fomi part of the ffinancial staternents.
10

The Roger Newport Foundation
(Charity Number 1080765)
Balance sheet
at 31 December 2023
Notes
2023
2022
Flxed Assots
Investments
2,977.156
2.800,639
Current assèts
Debtors
18.800
Cash
182228
152.745
182.228
171.545
Creditors: amounts falling due
within one year
Net current assets
(31.355)
146,9561
150.873
124.589
Debtors: amounts fdling due after
more than one year
100,000
100.C()O
Creditors: amounts falling due
aftermore than one year
Net assets
{64,458)
3.163.571
(10.9501
3,014,278
Funds
Unrgstricted fund
3.163.571
3,014,278
The financial slalemenls on pages 11 10 17 were approved by the Truslee on 4 YUAJE 20* and
were signed on its behaw by:
Michael Bothamley
Director
Robert Boums
Director

The Roger Newport Foundation
Principal accounting policies
Basls of preparation
The financial slalemenls have been prepared under the historical cost convention, modrfied by the
revaluation of fixed asset inveslmenls, and in accordance with Accounkn"ng and ReFQrting by Charities..
Stalemenl of Recommended pract￿ sp￿ltable to charib.es prepanng their xcounls in aCcOrda￿e with the
Financial Reporting Standard applICa￿e in the UK and RepUt￿]C of Ireland IFRS 102} leffeclive 1 January
20191- (Charities SORP IFRS 10211 and the Financ￿1 Rerxirting Standard applKable in the UK and Republic
of Ireland {FRS 102).
The accounting wI￿leS that the charity has adopted to delemiine the aM￿nts induded in respect of material
items shown in Ihe balance sheel arky also lo delemiine the income and expeThJiture have been applied
¢onsistentty in the cwrenl and precediTrJ year a￿1 a￿ shchvn below.
The Roger Newport FourKlalion rreels definthn of a pU￿1C benefrt entity uThJer FRS 102. Assets and
liabilities are initl8lly r&ognised at historical cost or trarts￿lI0n value unless otherwtse slated in the relevant
accounting polw.
Going ConceTn
The financial slalements have been wepwed on a concem basis ￿lch the Trustees consider to be
appropriate fcK the f￿lowIng reasons.
The business model af the charity is such that its charitable activilies are limited lo those which il has sufficient
funds lo support Irom the excess of funding receNed over Ihe costs of admin¢sleriry the charity. The charity
has specrfic bursary commilmenls il has SU￿￿￿nI cash lo cover. tMJt rw) other o)mmiLted costs beyond
its fixed costs of operation which are delailed in rv)tes 2 and 3.
The Trustees have reviewed the cash flow forecasts fi￿ a perKKI 12 monlhs from the dale of approval of these
financial statements which Ind￿te that the charity will have Suff￿18nt fuTrJs lo meel ils liabilities as they fall
due for that period. The Trustees have also considered various downside scenarios on these oish flow
forecasts and consider that as a result of its operating mcKJel exklained above. even rf no further funding is
received in the 12-month period. the ¢hanty has sufficient cash reserves to pay all ￿MIlled costs.
Consequenuy. the Trustee is confmlenl that the charity will have Sfft￿nl furKls lo continue lo meet ils lia￿lItieS
as they fall due for al least 12 months from the dale of approva of the financial slalements.
Critical accounting judgements and key sources of estlmatlon uncertalnty
In applying the charity's accounting policies. the Trustee Is required to make judgements, eslimales and
assumption5 about the carrying amounts of assets and liabilib'es thal are nol readily apparent from other
source5. Aclual results may differ from these estimates.
Incomlng resources
Investment income 15 included in the statement of finarKial activilies when the charity is enlilled lo the
income. receipl is probable. and it can be quantrried with reasonable cerlainty.
Residuary legacies are recognised as receivable once probate has been granted provided that sufficient
information ha5 been received lo enable valuation of the charity's enlillemenl.
Other income is credited lo the statement of financial activities on a receivable basis.
Expenditure
lal
l expenditure is accovnled for on an accruals basis and is recognised when there is a legal or
onslruclive obligation lo pay for expenses.
Ibl
Charilable (JonalK)ns, including supporting administration costs. relate lo the dislribulions made or
approved lo the Collegiate School as delailed in the object5 of the Foundation.
Icl
Governance cosls relate lo the strategic management of the charity's assets, and compliance with
conslitulional and statutory requirements.
12

The Roger Newport Foundation
Principal accounting policies (continued)
Irrecoverable VAT
Any irrecoverable VAT is eharged lo the statemenl of financial activities or capilalised as part of the asset
where appropriate.
Fund accountlng
LegaC￿S and investment income received are included as unrestricted funds of the Charity.
Investments
The Trust's investments are staled at bid value at the balance sheel date. This is in accordance with
FRS 102.
The slalemenl of financi81 activities indudes the nel gains and losses arising on revaluations and disposals
throughout the period.
Cash flow sLitemont
A 51alement of cash flows has not been prepwed as Ihe charity has taken advantage of the exemption
available in the SORP for Smaller charities.
Taxatlon
The Roger Newport Foundation is a regislere(J chwty and as such tax exemption applies to the income
arising from and expended on tharitable activilb8s and lo its investment income and gains.
13

The Roger Newport Foundation
Notes to the financial statements
for the year ended 31 December 2023
Incoming resources
2023
2022
Investment Incomo
Dividends
92.182
80.680
Bank interest
2.207
358
94.389
81.038
Analysls of costs of charitable actlvltles
Direct
costs
Support
costs
2023
2022
Collegiate School
119.902
2,074
121,976
34,975
All sUPPOrt costs have been allctated to one tharilaNe ￿Nity {adWar￿ment of education).
The Foundation has no employees and m staff costs {2022'. nd). A recharge is made by the Society of
Merchant Venturers for staff lime as disdosed in note 11.
Other costs
2023
2022
Audit fee
3.180
Independent Examiner Fee
InsUrar￿e
80
65
2.074
3.245
The audil fee excluding irrecoverable VAT £2.650 in 2022. The lThJependent examiner fee excludirvJ
irrecovefable VAT was £1.662 for 2023.
14

The Roger Newport Foundation
Notes to the financial statements
for the year ended 31 December 2023
Fixed asset investments
Listed
Investrnents
Total
Cash Investments
Cost
As at 1 January 2023
Additions
2.495.872
7,845
2,503,717
120.397
120,397
Disposals
At 31 De￿mber 2023
(141.￿6>
2,474,363
12,798)
5.047
(144,704}
2.479,410
Revaluatlons
Unrealised gains a11 January 2023
Realised in respect of disposal
Gain arising on revaluation
Unrealised gains at 31 Dg¢wnber 2023
Markgt value at 31 December 2023
2￿.922
296,922
21,262
21.262
179.562
179,562
497.746
497.746
2.972.109
5.047
2.977.1 $6
Market value al 31 December 2022
2.792.794
7.845
2.800,639
Investments WFlh a bid value of £2,977,156 (2022-. £2.800.639 market value) are managed on behalf of
the Roger Newport Foun(Jalion by LGT & Evelyn Partner5. The portfolio is spread across distinct classes
of investment as follows-
Inveslmenl assets in the UK
46.3
Inveslmenl assets outside the UK
53.5
Cash
100.0
Debtors: amounts falling due within one year
2023
2022
Prepaid Bursaries
18.800
18,800
15

The Roger Newport Foundation
Notes to the financial statements
for the year ended 31 December 2023
6 Debtors: amounts falling due after more than one year
2023
2022
Loan
100,000
100,1)00
100,000
100.000
The loan was made lo enable the former assistant of the Founder to purchase a property and will be for
the period of her lrfelime. The loan is interest free and secured against the property and was made with
agreement from the Charity Commission and the Founder's family.
Creditors: amounts falling due within one year
2023
2022
Collegiate Sch￿1
Other creditors
31,355
1.800
43,075
3.881
33,155
46,956
Creditors: amounts falling due after more than one year
2023
2022
Collegiate Sch)ol
10,950
Movement in Unrestricted Funds
Unreslri¢led funds comprise those funds which the Trustee is free to use in accordance with the Charitable
objects. Th85e include JI assets and liabilities of the ¢hanty-
Balance
at
1 January
2023
Balan¢¢ at
31
December
2023
Investment
Gains
Income Expenditure
Unrestricted funds
3.014.278
94.389
{124.6581
179,562
3,163.571
10 Trustee's remuneration
No (Sireclor of SMV Truslee Company Limited directly benefited from remuneration or reimbursement of
expenses for their services lo the Foundation during the year. nor held any beneficial interest in any conlr2cI
with the Foundation during the year {2022.. £ndl-
16

The Roger Newport Foundation
Notes to the financial statements
for the year ended 31 December 2023
11 Related Party Transactions
All the Directors of SMV Trustee Company Ltd are MeMt￿ of the Society of Merchant Venturers Standing
Committee.
The Society of Merchant Venturers charged £4.510 (2022-. £4.042) to the charity as a reallocation of salaries
of which £nil was outstanding al 31 December 2023 (2022= £nil).
12 Connected organisations
Collegiate SchcM)I, Brisld is a connected organisalK)n. y•￿1h govemor rx)minalion rights frorn the Society of
Merchant Venturers. Collegiate SchcM)l. Bristol can be contacted al Bell Hill, Slaplelon. 8rislol, BS16 1 BJ.
17