Company Registration Number - 4266150
Charity Registration Number - 1092751
Newmarston Limited
Report and Accounts 28 February 2025
B Olsberg & Co Chartered Accountants & Statutory Auditor Enterprise House 3 Middleton Road Manchester M8 5DT
## **Newmarston Limited**
## **Report and accounts for the year ended 28 February 2025**
## **Contents**
||**Page**|
|---|---|
|**Charity information**|1|
|**Trustees' Annual Report**|1|
|**Statement of directors' responsibilities**|8|
|**Independent Auditors' Report**|10|
|**_Funds Statements:-_**||
|Statement of Financial Activities|14|
|Statement of total recognised gains and losses|14|
|Movements in funds|14|
|Revaluation reserves|15|
|Revenue Funds|16|
|Summary of funds|16|
|Income and Expenditure account|17|
|**Balance sheet**|17|
|**Cash flow statement**|19|
|**Notes to the accounts**|22|
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
The Trustees present their Report and Accounts for the year ended 28 February 2025, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- Newmarston Limited.
The charity is also known by its operating name, Newmarston.
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1092751.
.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
The governing document is dated 01 August 2001 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals
1
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
## **The Registered Office is at:-**
41 Walsingham Rd Enfield, Middlesex, EN2 6EY
## **The Trustees in office on the date the report was approved were:-**
J Adler R T Halpern S Weis D Neuwirth
## **The following persons served as Trustees during the year ended 28 February 2025 :-**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The trustees wish to support all worthy orthodox Jewish causes and the Charity achieves its objects by making grants and distributing mainly to Jewish education and religious organisations.
The charity’s objects and its principal activities are:
1. To advance education and religion in accordance with the doctrines and principles of Orthodox Judaism.
2. To relieve poverty and carry out other charitable purposes.
The charity is organised so that the trustees meet regularly to manage its affairs. The charity does not employ any staff or use voluntary assistance. Administration of the charity is dealt with by the trustees.
## _**The main activities undertaken in relation to those purposes during the year.**_
The charity received rental income and interest which enabled it to make substantial distributions.
2
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
_**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The trustees have referred to the guidance contained in the charity commissioners general guidance on public benefit when reviewing the trust’s aims and objectives, and in planning future activities and setting the grant policy for the year.
Within these objects, the trustees' aim is to play its part in the dissemination of the teachings, knowledge and practice of the Jewish religion and to relieve suffering as a result of health and poverty in the Jewish community.
## _**Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.**_
The policy is to assist in the furtherance of Jewish education and religion, relieve poverty assist with those in need of medical help and to alleviate hardship wherever possible. All applications and requests are considered on their own merit.
## **The main achievements and performance of the charity during the year.**
The Statement of Financial Activities shows a total income of £4,115,643, grants made of £2,511,120, Support Costs of £511,106, and Governance Costs of £14,500, resulting in a surplus for the year as detailed below.
Funds available are sufficient to permit the charity to continue in operation and continue making charitable grants in line with its grant making policies.
3
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
_**The difference the charity's performance during the year has made to the beneficiaries of the charity and**_
_**the degree to which the achievements and performance during the year have benefited wider society.**_
Funds have been paid to many recipients and accordingly the performance of the charity has benefitted many beneficiaries.
## _**The significant charitable activities undertaken in the year.**_
The significant activity of the charity during the year was the payment of charitable grants, based on the needs of beneficiaries.
## _**How the achievements during the year measure up to the objectives set.**_
The Charity has achieved its objectives during the year.
## _**Investment performance against the investment objectives.**_
The investments have continued to perform in line with expectations.
## **Structure, governance and management of the charity**
## _**The methods used to recruit and appoint new charity trustees.**_
The structure of the Charity consists of four trustees, who are also directors and secretary of the company. The board of trustees is authorised to appoint new trustees where appropriate.
Most trustees on appointment are already familiar with the practical work of the charity. Newly appointed trustees receive necessary tuition from existing trustees and are given access to Charity Commission publications.
## _**How the subsidiary undertaking(s) is/are constituted and managed.**_
The subsidiaries are dormant at the moment,
4
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
## _**The charity's relationships with related parties.**_
In addition to the dormant subsidiaries mentioned above, the Charity has business relationships with its trustees and those close to one of them, as Managing Agents and also in connection with loans owed to and from them. These are as listed in the notes.
## _**The trustees' bankers and advisors**_
Bankers HSBC Binley; Natwest, Manchester; and Santander, Manchester. Solicitors Fladgate LLP, London WC2B 5DE Auditors B Olsberg & Co. Chartered Accountants, Manchester M8 5DT
## **Financial review**
## _**The charity's financial position at the end of the year ended 28 February 2025**_
The financial position of the charity at 28 February 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|**_Total Unrestricted Funds_**
**Total Funds**
Unrestricted revaluation reserve
**Surplus**
Unrestricted Revenue Funds available for
the general purposes of the charity|**2025**
**£**
1,078,917
59,785,145
-
**59,785,145**
59,785,145|**2024**
**£**
1,744,681
54,560,854
943,682
**55,504,536**
55,504,536|
|---|---|---|
## _**Financial review of the position at the reporting date, 28 February 2025 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Specific changes in fixed assets are detailed in the notes to the accounts.
5
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
## _**Policies on reserves.**_
The trustees intend to maintain a high level of distributions from income and to also retain reserves for the repayment of loans and unforeseen contingencies.
## _**Going Concern**_
The trustees are satisfied that the Charity is a going concern. There are sufficient assets to pay off its liabilities and continue its activities for the forseeable future.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in the fund are available and adequate to fulfil its obligations in respect of the fund.
## _**Investment policy and investment objectives.**_
Under the memorandum and articles of association the charity has the power to make any investment which the trustees see fit. The trustees are constantly seeking investment opportunities to assist the trust in achieving its objectives.
## _**The risks to which the Charity is exposed and reviews and systems to mitigate them.**_
The risks to which the charity is exposed largely centered around the sustainability of rental income and thereby maintaining capital values. The trustees actively review the risks which the charity faces on a regular basis and believe that maintaining reserves at current levels combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate any significant risks. They consider that property investment is suitable to attain the object of the charity and that the charity is not exposed to any foreseeable risk in connection with their activities.
## _**Factors likely to affect future financial performance .**_
There are no known factors, likely to affect future performance.
6
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
## _**Plans For the Future**_
**Summary of plans for the future and the trustees' perspective of the future direction of the charity.**
The trustee's plans are to continue receiving income from investments and donations and make distributions as in previous years.
## **Details of The Auditor**
B Olsberg FCA B Olsberg & Co Chartered Accountants & Statutory Auditors Enterprise House 3 Middleton Road Manchester M8 5DT
## **Statement as to disclosure of information to auditors**
The trustees state that so far as each of the trustees at the time this report was approved are aware:-
- a) There is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the auditors are unaware, and
- b) The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and establish that the auditors are aware of that information.
7
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
## **Statement of the Directors Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the auditor in relation to the Trustees' report is limited to examining the report and ensuring that , the report is consistent with the figures disclosed in the financial statements.
8
## **Newmarston Limited**
## **Company Registration Number - 4266150**
## **Trustees' Annual Report for the year ended 28 February 2025**
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 14 to 30.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These consolidated financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 24 December 2025.
D Neuwirth Director and Trustee
9
## **Newmarston Limited**
## **Independent Auditors' Report to the Trustees of the charitable parent company on the consolidated group accounts for the year ended 28 February 2025**
## **Introduction**
We have audited the consolidated financial statements of Newmarston Limited for the year ended 28 February 2025, as set out on pages 14 to 30, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Statement of Recognised Gains and Losses , the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charitable group are prepared, in all material respects, in accordance with the Companies Act 2006 and with charity law applicable within the jurisdiction of England & Wales and, in particular, the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 22, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
## **Limitation of liability**
This report is made solely to the Trustees of the charitable group, as a body, in accordance with the requirements of Section 154 of the Charities Act 2011 (The Act). Our work has been undertaken so that we might state to the Trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume liability or responsibility to anyone other than the Trustees as a body, for our work, for this report or for the opinions we have formed.
## **Basis for our opinion**
We have been appointed as auditors under section 144(2) of The Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
We conducted our audit in accordance with International Standards on Auditing (ISAs-UK), issued by the Financial Reporting Council, and applicable law. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the charitable parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in England & Wales, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Responsibilities of Management and Those Charged with Governance for the Financial Statements**
As described on page 8, you, the charitable group's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the consolidated financial statements for the charitable group in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practiceand for being satisfied that the financial statements give a true and fair view.
10
## **Newmarston Limited**
The Trustees,who are charged with governance, are responsible for overseeing the charitable group’s financial reporting process.
Management is responsible for the preparation of the financial statements in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the charitable parent company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the charitable parent company or to cease operations, or has no realistic alternative but to do so.
## **Auditor’s Responsibilities for the Audit of the Financial Statements**
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs-UK will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Our responsibility is to audit and express an opinion on the consolidated financial statements in accordance with relevant legal and regulatory requirements and ISAs-UK. Those standards require us to comply with the Ethical Standards for Auditors published by the Financial Reporting Council and to:-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, to design and perform audit procedures responsive to those risks and to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion;
To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charity's internal control;
To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the charity;
To conclude on the appropriateness of the charity's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern;
To evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves a fair presentation.
Obtain sufficient appropriate evidence regarding the financial information of the entities or business activities within the group to express an opinion on the group financial statements;
11
## **Newmarston Limited**
We are required to report to the Trustees our opinion as to whether the consolidated financial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Charities (Accounts and Reports) Regulations 2008.
We are also required to report to you if, in our opinion, the Trustees' Annual Report is materially inconsistent with the financial statements, if the charitable parent company has not kept adequate accounting records, if the charitable parent company’s financial statements are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees' remuneration and transactions with the charitable parent company is not disclosed.
In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
We conducted our audit in accordance with ISAs-UK and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom' , revised in March 2012.
We are required to plan and perform our audit so as to meet the above requirements and to obtain all the information and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error.
In the course of our audit, we communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during the audit.
## **Assistance with accountancy and tax matters**
In accordance with the exemption provided by APB Ethical Standard – Provisions Available for Smaller Entities, we have prepared and submitted the charitable parent company’s returns to the tax authorities and assisted with the preparation of the accounts.
## **Eligibilty of auditor and status of audit**
We confirm that we are eligible under section 144(2) of the Charities Act 2011 to conduct this audit, and that this report is a report in respect of an audit carried out under the Act and in accordance with the related regulations.
We confirm that the charitable company and group are exempt from audit under Part 16 of the Companies Act 2006,
Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . We concur with this approach, and any references in our report to the regulations should be read subject to this comment.
12
## **Newmarston Limited**
## **Opinion on the Financial Statements**
In our opinion, the accompanying charitable parent company's financial statements:
Give a true and fair view of the state of affairs of the charitable group as at 28 February 2025 and of its Income and Expenditure for the financial year then ended and, in particular, the financial have been properly prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting Practice applicable to entities of its size and have been properly prepared in accordance with the requirements of the Charities Act 2011; and
have been prepared in accordance with the requirements of Section 396 of the Companies Act 2006 and ;
have been prepared in accordance with the methods and principles required by the FRS102 Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), and those methods and principles have been followed.
## **Matters upon which we are required to report by exception**
We have nothing to report in respect of the following matters where the law requires us to report to you, if in our opinion:
the charitable group has not kept adequate accounting records; or
the financial statements are not in agreement with the accounting records and returns; or
if information specified by law regarding Trustees' remuneration and transactions with the charity is not disclosed.
we have not received all the information and explanations we require for our audit.
## **Signed:-**
## **B Olsberg FCA**
## **B Olsberg & Co**
Chartered Accountants & Statutory Auditors
Enterprise House 3 Middleton Road Manchester M8 5DT
This report was signed on 24 December 2025
13
## **Newmarston Limited - Consolidated Statement of Financial Activities for the year ended 28 February 2025**
_**Consolidated Statement of Financial Activities (including the Income and Expenditure Account for the year ended 28 February 2025, as required by the Companies Act 2006)**_
|**Income & Endowments from:**
Donations & Legacies
Investments
Other
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income for the year**
**Net income after transfers**
**Reconciliation of funds:-**
Revaluation on investments
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
50,000
4,062,593
3,050
**4,115,643**
3,036,726
**3,036,726**
**1,078,917**
**1,078,917**
**1,078,917**
(943,682)
55,504,536
**55,639,771**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
-
**-**
-
**-**
**-**
**-**
**-**
-
-
**-**|**Current year**
**Total Funds**
**2025**
**£**
**50,000**
**4,062,593**
**3,050**
**4,115,643**
**3,036,726**
**3,036,726**
**1,078,917**
**1,078,917**
**1,078,917**
**(943,682)**
**55,504,536**
**55,639,771**|**Prior Year**
**Total**
**Funds**
**2024**
**£**
-
4,062,099
300
**4,062,399**
2,317,718
**2,317,718**
**1,744,681**
**1,744,681**
**1,744,681**
(5,089,056)
58,848,911
**55,504,536**|
|---|---|---|---|---|
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All activities derive from continuing operations
The net income stated above is made up as follows:
|Charity
Subsidiaries
Group Total|1,078,916
1
**1,078,917**|-
-
-|1,078,916
1
**1,078,917**|1,745,519
(838)
**1,744,681**|
|---|---|---|---|---|
**The notes attached on pages 22 to 30 form an integral part of these accounts.**
14
## **Newmarston Limited - Consolidated Statement of Financial Activities for the year ended 28 February 2025**
**Consolidated Statement of Total Recognised Gains and Losses for the year ended 28 February 2025**
|**Surplus for the year :-**
Realised gains on disposals of social investments which are programme related
**_Income from operations before tax in the Statement of Financial Activites_**
**_Add/(deduct) non income and expenditure items:-_**
Unrealised gains on investments
**Net Movement in funds before taxation**
**Funds generated in the year as shown on Statement of Financial Activities**
Net excess of income over expenditure from operations before tax|**2025**
**£**
1,078,917
-
**1,078,917**
(943,682)
**135,235**
**135,235**|**2024**
**£**
1,744,681
-
**1,744,681**
(5,089,056)
**(3,344,375)**
**(3,344,375)**|
|---|---|---|
**The notes attached on pages 22 to 30 form an integral part of these accounts.**
**Newmarston Limited - Group Resources applied in the year ended 28 February 2025 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
**Net resources available to fund charitable activities**|**2025**
**£**
1,078,917
**1,078,917**|**2024**
**£**
1,744,681
**1,744,681**|
|---|---|---|
**The notes attached on pages 22 to 30 form an integral part of these accounts.**
## **Consolidated movements in revenue and capital funds for the year ended 28 February 2025**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2025**
**£**
Accumulated funds brought forward
54,560,854
1,078,917
**55,639,771**
**Closing revenue funds**
**55,639,771**
**Consolidated Revaluation Reserve Fund**
**Unrestricted**
**Funds**
**2025**
**£**
At 1 March
943,682
(943,682)
**At 28 February**
**-**
Movements during the year
Recognised gains and losses
before transfers|**Restricted**
**Funds**
**2025**
**£**
-
-
**-**
**-**
**Restricted**
**Funds**
**2025**
**£**
-
-
**-**|**Total**
**Funds**
**2025**
**£**
54,560,854
1,078,917
**55,639,771**
**55,639,771**
**Total**
**Funds**
**2025**
**£**
**943,682**
**(943,682)**
**-**|**Last year**
**Total Funds**
**2024**
**£**
**52,816,173**
1,744,681
**54,560,854**
**54,560,854**
**Last year**
**Total Funds**
**2024**
**£**
6,032,738
(5,089,056)
**943,682**|
|---|---|---|---|
15
## **Newmarston Limited - Consolidated Statement of Financial Activities for the year ended 28 February 2025**
## **Summary of consolidated funds**
|**Unrestricted**
**and**
**Designated funds**
**2025**
**£**
Revenue accumulated funds
55,639,771
Revaluation reserve fund
-
**Total funds**
**55,639,771**|**Restricted**
**Funds**
**2025**
**£**
-
-
**-**|**Total**
**Funds**
**2025**
**£**
**55,639,771**
**-**
**55,639,771**|**Last Year**
**Total Funds**
**2024**
**£**
54,560,854
943,682
**55,504,536**|
|---|---|---|---|
**The notes attached on pages 22 to 30 form an integral part of these accounts.**
## **Newmarston Limited**
**Consolidated Income and Expenditure Account for the year ended 28 February 2025 as required by the Companies Act 2006**
|**2025**
**£**
**_Income_**
Income from operations
50,000
Income from investments, other than interest receivable
3,970,266
Interest receivable
92,327
Other operating income
3,050
**Gross income in the year before exceptional items**
**4,115,643**
**Gross income in the year including exceptional items**
**4,115,643**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
2,754,172
Governance costs
14,500
Interest payable
268,054
Realised losses on disposals of social investments which are programme related
-
**Total expenditure in the year**
**3,036,726**
**1,078,917**
Tax on surplus on ordinary activities
-
**1,078,917**
**Retained surplus for the financial year**
**1,078,917**
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income and interest|**2024**
**£**
-
4,015,832
46,267
300
**4,062,399**
**4,062,399**
1,923,069
14,500
380,149
-
**2,317,718**
**1,744,681**
-
**1,744,681**
**1,744,681**|
|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
**The notes attached on pages 22 to 30 form an integral part of these accounts.**
16
## **Newmarston Limited - Group Balance Sheet as at 28 February 2025**
||Notes||**2025**||**2024**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Investments held as fixed assets|11||52,417,357||53,361,039|
|**Current assets**||||||
|Debtors|13|563,440||5,596,474||
|Cash at bank and in hand||7,899,200||3,697,835||
|**Total current assets**||8,462,640||9,294,309||
|**Creditors: amounts falling due**||||||
|**within one year**|14|(2,662,561)||(2,925,491)||
|**Net current assets**|||5,800,079||6,368,818|
|**_Net assets_**|||58,217,436||59,729,857|
|Creditors: amounts falling due after||||||
|more than one year|15||(2,577,665)||(4,225,321)|
|**The total net assets of the charity**|||**55,639,771**||**55,504,536**|
|**The total net assets of the charity**|**are funded**|**by the funds**|**of the charity,**|**as follows:-**||
|**Restricted funds**||||||
|**Unrestricted Funds**|||-||-|
|Unrestricted Revenue Funds|23|55,639,771||54,560,854||
|Unrestricted Revaluation Reserve|23|-||943,682||
|**Designated Funds**|||55,639,771||55,504,536|
|**Total charity funds**|||**55,639,771**||**55,504,536**|
17
## **Newmarston Limited - Group Balance Sheet as at 28 February 2025**
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charitable group is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 13.
## **D Neuwirth**
Trustee
Approved by the board of trustees on 24 December 2025
**The notes attached on pages 22 to 30 form an integral part of these accounts.**
18
## **Newmarston Limited**
## **Consolidated Cash Flow Statement for the year ended 28 February 2025**
|**Cash flows from operating activities**
**Cash flows from investing activities**
Interest received
Other investment income, including rents from investments
Purchase of investments
**Net cash provided by investing activities**
**Cash flows from financing activities**
Repayment of amounts borrowed
Net cash provided by operating activities as shown below|**2025**
**£**
1,833,378
92,327
3,970,266
-
**4,062,593**
(1,694,606)|**2024**
**£**
(1,700,942)
46,267
4,015,832
(1,800)
**4,060,299**
(683,475)|
|---|---|---|
||||
|**Net cash provided by financing activities**
**(1,694,606)**
**Overall cash provided by all activities**
**4,201,365**
**Cash movements**
Change in cash and cash equivalents from activities
in the year ended 28 February 2025
4,201,365
Cash and cash equivalents at 1 March 2024
3,697,835
Change in cash and cash equivalents due to exchange rate movement
-
**7,899,200**
**Cash at bank and in hand less overdrafts at 28 February**||**(683,475)**
**1,675,882**
1,675,882
2,021,953
-
**3,697,835**|
19
## **Newmarston Limited**
## **Consolidated Cash Flow Statement for the year ended 28 February 2025 Newmarston Limited**
## **Cash Flow Statement for the year ended 28 February 2025 - Continued**
## **Reconciliation of net income to net cash flow from operating activities**
|Net income as shown in the Statement of Financial Activities
**_Adjustments for :-_**
Write downs of investments
Net unrealised losses on investment assets
Dividends, interest and rents from investments
Decrease in debtors
Increase in creditors, excluding loans
**Net cash provided by operating activities**
**Analysis of cash and cash equivalents**
Cash in hand at for the year ended 28 February 2025
Notice deposits - (less than 3 months)
**Total cash and cash equivalents**|135,235
-
943,682
(4,062,593)
5,033,034
(215,980)
**1,833,378**
**2025**
**£**
7,899,200
-
**7,899,200**|(3,344,375)
-
5,089,056
(4,062,099)
409,227
207,250
**(1,700,941)**
**2024**
**£**
3,697,835
-
**3,697,835**|
|---|---|---|
20
## **Newmarston Limited**
## **Consolidated Cash Flow Statement for the year ended 28 February 2025**
## **Newmarston Limited**
## **Cash Flow Statement for the year ended 28 February 2025 - Continued**
## **Analysis of change in net debt**
|**Cash and Cash Equivalents**
Cash
**Borrowings**
Loans falling due within one year
Loans falling due after more than one year
**Total**|**_At start_**
**_of year_**
3,697,835
3,697,835
(387,993)
(4,225,321)
(915,479)|**_Cash_**
**_Flows_**
4,201,365
4,201,365
46,950
1,647,656
5,895,971|**_At end_**
**_of year_**
7,899,200
7,899,200
(341,043)
(2,577,665)
4,980,492|
|---|---|---|---|
21
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, as modified by the revaluation of Fixed Assets, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Going Concern**
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as rental income. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 30th November 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
## **Public Benefit**
The charity is a public benefit entity.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of rental income.
## **Categories of Income**
Voluntary income is receivable by way of donations and gifts is included in the SOFA when received.
Rental income from investment properties is included in the SOFA in the year which it is receivable.
Other income represents surplus/(deficit) on the joint property syndicates and is included in the SOFA when received. Banks and building society interest is included in the year in which it is receivable.
22
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## **Fixed Asset Investments**
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
Investments in subsidiaries are shown as their balance sheet value.
All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
A regular annual review of the likelihood of asset impairment is undertaken.
No depreciation is provided on freehold property and improvements because it is the practice to maintain the property in a continual state of sound repair. Accordingly, the life is so long and the residual value so high that the Trustees consider that depreciation calculated in accordance with accepted accounting standards would be immaterial.
23
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **Revaluation of tangible fixed assets**
Revaluation surpluses and deficits are recognized in the profit and loss account.
## **Financial instruments including cash and bank balances**
A financial asset or a financial liability is recognized only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognized at the amount receivable or payable including any related transactions costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Basic financial instruments are recognized at amortized cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognized in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognized in profit or loss.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no designated funds.
There are no restricted funds.
There are no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
There is no significance of financial instruments to the charity's position.
24
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
- **5 Net surplus before tax in the financial year**
|The net surplus before tax in the financial year is stated after charging:-
Auditors' remuneration
**6**
**Interest payable**
Loan interest
**7**
**Investment gains**
**_Unrealised gains /(losses) and writing down of carrying values_**
Investment properties - Unrealised
(943,682)
-
**Total unrealised gains/(losses) etc**
**(943,682)**
**-**
**Total realised and unrealised gains**
**(943,682)**
**-**
All the gains and losses in the prior year was unrestricted.
**_Unrealised gains /(losses) and writing down of carrying values_**
Investment properties - Unrealised
(5,089,056)
-
**Total unrealised gains/(losses) etc**
**(5,089,056)**
**-**
**Total realised and unrealised gains**
**(5,089,056)**
**-**
**8**
**Defined contribution pension schemes**|**2025**
**£**
14,500
**2025**
**£**
268,054
**(943,682)**
**(943,682)**
**(943,682)**
**(5,089,056)**
**(5,089,056)**
**(5,089,056)**|**2024**
**£**
14,500
**2024**
**£**
380,149
**(5,089,056)**
**(5,089,056)**
**(5,089,056)**|
|---|---|---|
There are no contribution pension schemes
## **9 Defined benefit pension scheme**
There is no benefit pension scheme.
## **10 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
25
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
All assets are used for direct charitable purposes.
## **11 Investments held as fixed assets**
|**Carrying values of investments**
At 1 March 2024
Revaluation at 28 February 2025
**At 28 February 2025**
**Analysis between fair value and historical cost**
Investments as above held at fair value
**Analysis of Other Classes of Investment**
**Summary of other classes of investments at 28 February 2025**
Cash or cash equivalents|**Listed**
**investments**
**£**
-
-
**-**
-
**Included at**
**historical**
**cost, less**
**write down**
**£**
**-**|**Other**
**Classes of**
**Investment**
**£**
**53,361,039**
**(943,682)**
**52,417,357**
52,417,357
**Included at**
**fair value**
**£**
**52,417,357**|**Total**
**£**
53,361,039
(943,682)
**52,417,357**
52,417,357
**Total**
**£**
**52,417,357**|
|---|---|---|---|
Investment properties were valued by either professional valuers or by the trustees and the basis of the valuation is market value to arrive at a fair value. Valuation methods include comparing with similar properties or based on the rent yield on the property.
There are no restrictions on the realisability of the investment property, income from the investment property or any proceeds on disposal.
26
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **12 Investment pooling schemes and arrangements**
There are no investment pooling schemes and arrangements.
## **13 Debtors**
|Trade debtors
Prepayments and accrued income
Other debtors
**14 Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors
**15 Creditors: amounts falling due after one year**
Bank loans and overdrafts
The mortgages are due as follows:
between one and two years
within two to five years
in over five years
**16 Assets of the charity charged to meet its liabilities**
At the Balance Sheet date, the amount secured is|**2025**
**£**
91,601
300,285
171,554
**563,440**
**2025**
**£**
341,043
477,772
464,537
8,102
1,371,107
**2,662,561**
**2025**
**£**
2,577,665
1,711,141
866,524
-
**2,577,665**
**2025**
**£**
2,918,708|**2024**
**£**
281,100
441,471
4,873,903
**5,596,474**
**2024**
**£**
387,993
593,487
575,731
9,428
1,358,852
**2,925,491**
**2024**
**£**
4,225,321
1,599,447
2,625,874
-
**4,225,321**
**2024**
**£**
4,613,314|
|---|---|---|
The mortgages are secured on the company's properties and by floating charges on the other assets of the company.
## **17 Loans to trustees included in debtors**
There are no loans to trustees
27
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **18 Guarantees made by the charity on behalf of trustees**
There are no guarantees made on behalf of the trustees
## **19 Revaluation reserve**
|**Current year**
**_Current year_**
**Unrestricted**
**Funds**
**2025**
**£**
**At 1 March 2024**
943,682
Arising on revaluation during the year
(943,682)
Movements in the year
-
**At 28 February 2025**
**-**
All the revaluations in the prior year was unrestricted.
**Prior Year**
**_Prior year_**
**Unrestricted**
**Funds**
**2024**
**£**
**At start of previous year**
6,032,738
Movements in year
(5,089,056)
**At end of previous year**
**943,682**
**20 Income and Expenditure account summary**
**At 1 March 2024**
Surplus for the year
**At 28 February 2025**|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
-
**-**
**Prior Year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**|**Current year**
**Total Funds**
**2025**
**£**
**943,682**
**(943,682)**
**-**
**-**
**Prior Year**
**Total Funds**
**2024**
**£**
**6,032,738**
**(5,089,056)**
**943,682**
**2025**
**£**
54,560,854
1,078,917
**55,639,771**|**Prior Year**
**Total Funds**
**2024**
**£**
**6,032,738**
**-**
**(5,089,056)**
**943,682**
**2024**
**£**
52,816,173
1,744,681
**54,560,854**|
|---|---|---|---|
28
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **21 Related party transactions**
There was a loan to Pickles & Yeats (Storage & Forwarding) Limited of £29,868 which is wholly owned by Newmarston Limited). This is now repaid.
There was a loan from Green Lane (Salford) Ltd of £815,892 which is wholly owned by Newmarston Limited. This is now repaid.
There are loans owing to S Weis, a director/trustee of the company amounting to £1,357,129 (2024 - £1,357,129)
There were loans owing by AW Charitable Trust, a registered charity amounting to £4,568,812. S Weis is a trustee and director of both charities.This is now repaid.
## **22 Particulars of how particular funds are represented by assets and liabilities**
|**At 28 February 2025**
Investments at valuation:-
_Fixed asset investments_
Current Assets
Current Liabilities
Long Term Liabilities
**At 1 March 2024**
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted**
**funds**
**£**
52,417,357
8,462,640
(2,662,561)
(2,577,665)
**55,639,771**
**Unrestricted**
**funds**
**£**
9,294,309
(2,925,491)
(4,225,321)
**2,143,497**|**Designated**
**funds**
**£**
-
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
-
-
-
-
**-**
**Restricted**
**funds**
**£**
-
-
-
**-**|**Total**
**Funds**
**£**
**52,417,357**
**8,462,640**
**(2,662,561)**
**(2,577,665)**
**55,639,771**
**Total**
**Funds**
**£**
**9,294,309**
**(2,925,491)**
**(4,225,321)**
**2,143,497**|
|---|---|---|---|---|
29
## **Newmarston Limited**
## **Notes to the Accounts for the year ended 28 February 2025**
## **23 Change in total funds over the year as shown in Note 22 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
**Total unrestricted and designated funds**
**Total charity funds**
**Analysis of movements in funds over the year a**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve|**Funds**
**brought**
**forward from**
**2024**
**Movement in**
**funds in**
**2025**
**£**
**£**
54,560,854
1,135,235
943,682
(943,682)
**55,504,536**
**191,553**
**55,504,536**
**191,553**
**s shown in Note 23**
**Income**
**Expenditure**
**2025**
**2025**
**£**
**£**
4,115,643
(3,036,726)
-
(943,682)
**4,115,643**
**(3,980,408)**|**£**
**-**
**-**
**-**
**-**
**Other**
**Gains &**
**Losses**
**2025**
**£**
56,318
-
**56,318**
**Transfers**
**between**
**funds in**
**2025**|**Funds carried**
**forward to 2026**
**£**
**55,696,089**
**-**
**55,696,089**
**55,696,089**
**Movement**
**in funds**
**2025**
**£**
**1,135,235**
**(943,682)**
**191,553**|
|---|---|---|---|
## **24 Analysis of movements in funds over the year as shown in Note 23**
## **25 The purposes for which the funds**
## _**Unrestricted and designated funds:-**_
Unrestricted Revenue Funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
## _**Restricted funds:-**_
Restricted Fixed Asset Funds
There are no restricted funds
## **26 Ultimate controlling party**
The charity is under the control of its directors and trustees.
30
## **Newmarston Limited**
**Detailed analysis of income and expenditure for the year ended 28 February 2025 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **27 Donations, Grants and Legacies**
|**Total Donations, Grants and Legacies**
**Total Donations, Grants and**
**Legacies**
**28 Investment income**
Property Rental Income
Bank Interest Receivable
**Total investment income**
**29 Other income and gains**
**_Current year_**
**Total other income**
**Revenue grants and donations from**
**non public bodies**
Sundry Donations
**Total private sector revenue grants**
Sundry other income|**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
50,000
**50,000**|**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
**-**|**Current year**
**Total**
**Funds**
**2025**
**£**
**50,000**
**50,000**|**Prior Year**
**Total**
**Funds**
**2024**
**£**
-
**-**
**-**
**Prior Year**
**Total**
**Funds**
**2024**
**£**
4,015,832
46,267
**4,062,099**
**Prior Year**
**Total Funds**
**2024**
**£**
300
**300**|
|---|---|---|---|---|
||||||
||**50,000**
**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
3,970,266
92,327
**4,062,593**
**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
3,050
**3,050**|**-**
**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
-
**-**
**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
**-**|**50,000**
**Current year**
**Total**
**Funds**
**2025**
**£**
**3,970,266**
**92,327**
**4,062,593**
**Current year**
**Total**
**Funds**
**2025**
**£**
**3,050**
**3,050**||
31
## **Newmarston Limited**
## **Detailed analysis of income and expenditure for the year ended 28 February 2025 as required by the SORP 2015**
## **30 Expenditure on charitable activities- Grant funding of activities**
|**_Current Year_**
**Total grantmaking costs**
**_Current Year_**
Grants made in the UK
**Breakdown of Grants made to organisations**
**_Prior Year_**
Grants made in the UK
**Breakdown of Grants made to organisations**
Grants made to organisations|**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
2,511,120
**2,511,120**
**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
2,511,120
**2,511,120**
**Prior Year**
**Unrestricted**
**Funds**
**2024**
**£**
1,541,725
**1,541,725**|**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
**-**
**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
**-**
**Prior Year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**Current year Prior Year**
**Total**
**Funds**
**Total Funds**
**2025**
**2024**
**£**
**£**
**2,511,120**
**1,541,725**
**2,511,120**
**1,541,725**
**Current year**
**Total**
**Funds**
**2025**
**£**
2,511,120
**2,511,120**
**Prior Year**
**Total**
**Funds**
**2024**
**£**
1,541,725
**1,541,725**|
|---|---|---|---|
A schedule of grants made can be obtained by applying in writing to the trustees at the charity’s offices.
32
## **Newmarston Limited**
## **Detailed analysis of income and expenditure for the year ended 28 February 2025 as required by the SORP 2015**
## **31 Support costs for charitable activities**
|**Current year Current year Current year **
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**_Premises Expenses_**
12,509
-
**12,509**
8,835
-
**8,835**
148,370
-
**148,370**
47,367
-
**47,367**
(51,867)
-
**(51,867)**
**_Administrative overheads_**
1,187
-
**1,187**
3,940
-
**3,940**
**_Professional fees paid to advisors other than the auditor or examiner_**
61,975
-
**61,975**
**_Financial costs_**
10,736
-
**10,736**
268,054
-
**268,054**
**Support costs before reallocation**
**511,106**
**-**
**511,106**
**Total support costs - Current Year**
**511,106**
**-**
**511,106**
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
**_Administrative overheads_**
The basis of allocation of costs between activities is described under accounting policies
Bank charges
Rates and water charges
Stationery and printing
Bad Debts
Property insurance
Premises repairs, renewals and
maintenance
Ground rent
Loan interest
Sundry expenses
Other legal and professional|**Prior Year**
**Total Funds**
**2024**
**£**
**25,080**
**7,690**
**147,140**
**5,314**
**162,851**
**(294)**
**838**
**21,413**
**11,312**
**380,149**
**761,493**
**761,493**|
|---|---|
33
## **Newmarston Limited**
## **Detailed analysis of income and expenditure for the year ended 28 February 2025 as required by the SORP 2015**
## **32 Other Expenditure - Governance costs**
|**_Current Year_**
Auditor's fees
**Total Governance costs**|**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
14,500
**14,500**|**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
**-**|**Current year**
**Total**
**Funds**
**2025**
**£**
**14,500**
**14,500**|**Prior Year**
**Total Funds**
**2024**
**£**
**14,500**
**14,500**|
|---|---|---|---|---|
All the expenditure in the prior year was unrestricted.
## **33 Total Charitable expenditure**
|**_Current Year_**
Total grantmaking costs
Total support costs
Total Governance costs
**Total charitable expenditure**|**Current year **
**Unrestricted**
**Funds**
**2025**
**£**
2,511,120
511,106
14,500
**3,036,726**|**Current year **
**Restricted**
**Funds**
**2025**
**£**
-
-
-
**-**|**Current year **
**Total**
**Funds**
**2025**
**£**
**2,511,120**
**511,106**
**14,500**
**3,036,726**|**Prior Year**
**Total Funds**
**2024**
**£**
**1,541,725**
**761,493**
**14,500**
**2,317,718**|
|---|---|---|---|---|
All the expenditure in the prior year was unrestricted.
|**_Prior Year_**
Total grantmaking costs
Total support costs
Total Governance costs
**Total charitable expenditure**|**Prior Year**
**Unrestricted**
**Funds**
**2024**
**£**
1,541,725
761,493
14,500
**2,317,718**|**Prior Year**
**Prior Year**
**Restricted**
**Funds**
**Total**
**Funds**
**2024**
**2024**
**£**
**£**
-
**1,541,725**
-
**761,493**
-
**14,500**
**-**
**2,317,718**|
|---|---|---|
34
## **Newmarston Limited**
## **Activity analysis of Income and expenditure for the for the year ended 28 February 2025**
## _**This analysis is classsified by activity and not by conventional nominal descriptions.**_
## **34 Analysis of income by activity**
|**_Summary of Total Income, including the items above_**
Donations & Legacies
Investment income
Other income
**Total income as shown in the SOFA**
**_Categories of income_**
Income from Primary Purpose
**Analysis of charitable expenditure by activity**
**Direct**
**costs**
**Support**
**costs**
**2025**
**2025**
**£**
**£**
**_Primary purpose_**
Premises expenses
-
165,214
Administrative overheads
-
5,127
Professional fees
-
61,975
Financial costs
-
278,790
Grantmaking costs
-
-
**-**
**511,106**
**Direct**
**costs**
**Support**
**costs**
**2025**
**2025**
**£**
**£**
Total Primary purpose
-
511,106
-
14,500
**-**
**525,606**
Total Governance costs
**Activity**
**Total Primary purpose**
**Activity**
**Total charitable expenditure**
**Summary of charitable costs by activity**|**Grant**
**funding of**
**activities**
**2025**
**£**
-
-
-
-
2,511,120
**2,511,120**
**Grant**
**funding of**
**activities**
**2025**
**£**
2,511,120
-
**2,511,120**|**2025**
**£**
50,000
4,062,593
3,050
**4,115,643**
4,115,643
**Total**
**2025**
**£**
**165,214**
**5,127**
**61,975**
**278,790**
**2,511,120**
**3,022,226**
**Total**
**2025**
**£**
3,022,226
14,500
**3,036,726**|**2024**
**-**
-
4,062,099
300
**4,062,399**
4,062,399
**Total**
**2024**
**£**
185,224
163,395
21,413
391,461
1,541,725
**2,303,218**
**Total**
**2024**
**£**
2,303,218
14,500
**2,317,718**|
|---|---|---|---|
## **35 Analysis of charitable expenditure by activity**
The basis of allocation of costs between activities is described under accounting policies
The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 33
35
## **Newmarston Limited**
## **Activity analysis of Income and expenditure for the for the year ended 28 February 2025**
## **Analysis of support and governance costs by charitable activities**
|**Activity**
Primary purpose
**Summary of grant making by activity**
Primary purpose|**Governance**
14,500
**Grants to**
**institutions**
**2025**
**£**
2,511,120
**2,511,120**|**Finance**
278,790
**Grants to**
**individuals**
**2025**
**£**
-
**-**|**Human**
**Resources**
-
**Support**
**costs**
**2025**
**£**
-
**-**|**Other**
**Overheads**
232,316
**Total**
**2025**
**£**
**2,511,120**
**2,511,120**|**Total**
525,606
**Total**
**2024**
**£**
1,541,725
**1,541,725**|
|---|---|---|---|---|---|
Fuller details of grants made and related costs, including support costs, are shown in note 30.
|**_Governance costs_**
Other Expenditure - Governance costs as detailed in Note 32|**Governance**
**costs**
**2025**
**£**
14,500|**Governance**
**costs**
**2024**
**£**
14,500|
|---|---|---|
36