NewstrAidF
The helping hand of the New5trade
2023 ANNUAL REPORT

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||Investment<br>Income|||
|---|---|---|---|
|1|Economic volatility and/or the market<br>declines severely affecting investment||The investment<br>fund continues to perform to target. An<br>external<br>review post year end confirms the value the fund|
||Income and Impacting the sustainability||management<br>is providing.|
||of NewstrAid.|||
||||Current economic climate has resulted<br>in an increase<br>in one-|
||Purpose ofCharity<br>Significant decline<br>in beneficlaiy<br>numbers,<br>impacting<br>raison d'etre of||offflnancial<br>support.<br>An application<br>has been submitted<br>post<br>year-end to the Charity Commission<br>and OSCR to request a<br>change to the charity Objects to support those with a shorter<br>trade connection<br>than Syears, on the basis that the value of|
||NewstrAid.||financial support<br>is proportionate<br>to the length ofthe trade|
||||connection.|
|3|Purpose ofCharity<br>The relevance of the charity's activities||The new schemes introduced<br>ensure that the charity remains<br>relevant to the individuals<br>In the trade and are cognisant of|
||and welfare offer diminishes,||the macro environment.|
||Security and Privacy ofData<br>A breach ofsecurity or contravention<br>of<br>legislation,<br>resulting<br>in loss ofdata, data<br>being compromised<br>or cyber ransom.||There have been no breaches<br>in 2023. Security matters<br>are considered<br>annually<br>with the charity's<br>ITpartner and a<br>penetration<br>test carried out every 18 months.|
||Action by Regulators||KC review scheduled<br>for2025|
||Leading to loss ofopt out method|||
||Industry Support<br>Wholesalers<br>withdraw<br>support from the<br>charity Including a change ofownership||Wholesalers<br>have secured publisher<br>contracts through<br>to<br>2028 and both are pursuing<br>diversification<br>strategies to<br>ensure sustainability.|
||structure.|||
|7|Industry<br>Decline<br>Matedial decline in support for the||The charity remains relevant across the industry as evidenced<br>by the increase<br>in support, donations,<br>event attendance<br>and|
||charity,||applications.|





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|||General|General||||
|---|---|---|---|---|---|---|
||Note|Unrestricted|Designated|Restricted|2023Total|2022Total|
|||E|E|E|E|E|
|Income<br>Donations<br>and legacies<br>Income from other trading<br>activities<br>Investment<br>and other Income|2<br>3<br>4|353,320<br>1,174,179<br>458,236|4,655||357,975<br>1,174,179<br>458,236|360,640<br>1,264,419<br>413,343|
|Totallncome||1,985,735|4,655||1,990,390|2,038,402|
|Expenditure<br>Costs ofraising funds and other income<br>Charitable<br>activities - Other<br>Charitable<br>activities -Welfare payments|5<br>6|548,503<br>122,865<br>1,045,021|105,320||548,503<br>122,865<br>1,150,341|527,753<br>110,491<br>1,082,159|
|Total expenditure|7|1,716,389|105,320||1,821,709|1,720,403|
|Net income before other recognisetl<br>gain" and losses<br>Realised gain on disposal ofinvestments<br>Unrea lised gain/(losses)|13<br>16|269,346<br>2,326<br>429,607|(100,665)||168,681<br>2,326<br>429,607|317,999<br>9,969<br>(1,543,659)|
|Net Income||701,279|(100,665)||600,614|(1,215,691)|
|Gross transfers<br>between<br>funds<br>Net movement<br>in funds|18|(6,648,189)<br>(5,946,910)|6,648,189<br>6,547,524||600,614|{1,215,691)|
|Reconciliation<br>offunds|||||||
|Total funds brought forward||12,475,167|592,480|48,352|13,115,999|14,331,690|
|Total funds carried forward||6,528,257|7,140,004|48,352|13,716,613|13,115,999|





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|||Note||2023Total||2022Tota I|
|---|---|---|---|---|---|---|
|||||||(Restated)|
|||||||E|
|Fixecl assets|||||||
|Intangible assets||11||3,228||1,323|
|Tangible assets||12||18,806||18,427|
|Investments||13||13,620,361||13,075,106|
|Total Fixed Assets||||13,642,395||13,094,856|
|Current assets|||||||
|Debtors, prepayments|and accrued income|14|157,581||138,826||
|Cash at bank and in hand|||208,699||167,730||
|Total Current Assets||||366,280||306,556|
|tlabilitles|||||||
|Creditors falling due within one year||15|(292,062)||(285,413)||
|Net current assets||||74,218||21,143|
|Net assets||||13,716,613||13,115,999|
|The fun&is ofthe charity:|||||||
|unrestricted<br>funds|||||||
|Designated<br>funds||||7,140,004||592,480|
|General funds|||3,068,196||9,444,713||
|Investment<br>gains|fund|16|3,460,061||3,030,454||
|||||6,528,257||12,475,167|
|Restricted funds||||48,352||48,352|
|Total charity funds||18||13,716,613||13,115,999|






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||Note|2023Total|2022Total|
|---|---|---|---|
|||f.|5|
|Cash used by operating activities|24|(287,506)|(89,324)|
|Cash flows from investing activities<br>Investment<br>and interest income||458,236|413,343|
|Purchase ofintangible<br>fixed assets||(2,976)||
|Purchase oftangible<br>fixed assets||(6,648]|(15,861)|
|Investment<br>Additions||(132,531)|(366,884)|
|Investment<br>Disposal Proceeds||12,394|49,449|
|Cash generated<br>by investing activities||328,475|80,047|
|Increase I(Decrease) in cash for the year||40,969|(9,277)|
|Cash atthe beginning<br>ofthe year||167,730|177,007|
|Total cash at the end ofthe year||208,699|167,730|





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|2.Income from Donations|and Legacies|Unrestricted|Designated|Restricted|2023 Total|
|---|---|---|---|---|---|
|2023||F.|E||E|
|Donations||323,320|4,655||327,975|
|Gifts in kind||30,000|||30,000|
|||353320|4655||357,975|
|2022||Unrestricted|Designated|Restricted|2022Total|
|||E|E||E|
|Donations||325,002|5,630||330,632|
|Gifts In kind||30,008|||30,008|
|||355,010|5,630||360,640|



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|In accordance with FRS102and the Charities<br>SORP<br>accounts.|In accordance with FRS102and the Charities<br>SORP<br>accounts.|(FRS102), the economic co|ntribution<br>|of|general volunte|ers<br>Is not recogn|ised<br>in the|
|---|---|---|---|---|---|---|---|
|3.Income from Other Trarling Activities||Unrestricted|Designated||Restricted|2023Total|2022Total|
|||E||E||E|E|
|Membership<br>Area Committee<br>fundraising<br>Events fundra ising||50<br>1,116,096<br>58,033<br>1,174,179||||50<br>1,116,096<br>58,033<br>1,174,179|70<br>1,205,310<br>59,039<br>1,264,419|
|All income from other trading activities|in 2022 related to unrestricted<br>funds.|||||||
|4.Investment<br>and Other Income||Unrestricted<br>E|Designated|E|Restricted|2023Total<br>E|2022Total<br>E|
|Income from quoted investments<br>Bank deposit interest||456,545<br>1,691<br>458,236||||456,545<br>1,691<br>458236|413,202<br>141<br>413343|



|5.Costs ofRaising|Funds|and Other Income|Unrestricted<br>E|Designated|E|Restricted<br>E|2023Tata I<br>E|2022Total<br>E|
|---|---|---|---|---|---|---|---|---|
|Area Committee<br>fundraising<br>Events fundralslng<br>costs<br>Other||costs|480,035<br>38,468<br>30,000||||480,035<br>38,468<br>30,000|455,725<br>37,549<br>34,479|
||||548,503||||548,503|527,753|



|6.Costs ofCharitable|Activities|Unrestricted<br>E|Designated|E|Restricted<br>E|2023Total<br>E|2022Total<br>E|
|---|---|---|---|---|---|---|---|
|Cost ofraising funds||122,865<br>122,865||||122,865<br>122,865|110,491<br>110,491|





|7.Total Expenditure|7.Total Expenditure|||||||Costs|of||Costs of|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Raising||Charitable||Support||
|2023|||||||Voluntary|Income|||Activities|Costs|2023Total|
||||||||||F.||E|E|E|
|Staff costs (Including||recruitment|||costs)|||21,709|||159,070|288,256|469,035|
|Fundralsing|costs|||||||273,404|||||273,404|
|Governance|costs|||||||||||64,083|64,083|
|Other costs||||||||30,000|||841,102|136,745|1,007,847|
|Depreciation||||||||||||5,977|5,977|
|Amortlsatlon||||||||||||1,071|1,071|
|Loss on disposal||||||||||||292|292|
|Supportcosts||||||||223,390|||273,034|(496,424)||
|||||||||548,503|||1,273,206||1,821,709|
|||||||||Costs|of||Costs of|||
|||||||||Raising||Charitable||Support||
|2022|||||||Voluntary|Income|||Activities|Costs|2022Total|
||||||||||E||E|E||
|Staffcosts||||||||19,947|||133,043|266,159|419,149|
|Fundraising|costs|||||||276,903|||||276,903|
|Governance|costs|||||||||||56,551|56,551|
|Other costs||||||||30,008|||814,071|117,340|961,419|
|Depreciation||||||||||||6,381|6,381|
|Support costs||||||||200,895|||245,536|(446,431)||
|||||||||527,753|||1,192,650||1,720,403|
|E30,000(2022:F30,008)within costs ofraising voluntary|||||||income relates to gifts in kind.|||||||
|8.Analysis ofGovernance||||and|Support Costs|||||||2023Total|2022Total|
|Governance|costs|comprise:||||||||||E|E|
|Legal and professional|||fees|||||||||20,781|15,499|
|Audit and accountancy||||||||||||22,800|25,440|
|Meeting costs||||||||||||18,162|14,483|
|Annual report and accounts||||||||||||2,340|1,129|
|||||||||||||64,083|56,551|
||||||||||||Costs of|Costs of||
||||||||||||Raising|Charitable||
|||||||||Voluntary|||Income|Activities||
|2023|||||||||||454/a|55%|2023Total|
|Support costs are||allocated to|||charitable|activities|as follows:||||E|E|E|
|Staffcosts and recruitment|||||||||||129,715|158,541|288,256|
|Stafftraining|and expenses||||||||||3,878|4,741|8,619|
|Senior manager<br>expenses|||||||||||2,529|3,091|5,620|
|Office overheads|||||||||||38,123|46,595|84,718|
|Computers|||||||||||9,488|11,596|21,084|
|Advertising|and promotion||||||||||6,956|8,502|15,458|
|Governance|costs||||||||||28,837|35,246|64,083|
|Webslte|||||||||||561|685|1,246|
|Depreciation|||||||||||2,690|3,287|5,977|
|Amortlsatlon|||||||||||482|589|1,071|
|Loss on disposal|||||||||||131|161|292|
||||||||||||223,390|273,034|496,424|





|8.Analysis of Governance<br>and Support Costs (continued)|8.Analysis of Governance<br>and Support Costs (continued)|8.Analysis of Governance<br>and Support Costs (continued)||||Costs of<br>Raising|Costs of<br>Charitable||
|---|---|---|---|---|---|---|---|---|
||||||Voluntary|income|Activities||
|||||||4596|55ek|2022Total|
|2022|||||||E|E|
|Support costs are allocated <br>Staff costs<br>Staff training<br>and recruitment|to charitable activities|as follows:||||122,827<br>1,264<br>564|150,122<br>1,545<br>689|272,949<br>2,809<br>1,253|
|Senior manager expenses<br>Otfice overheads<br>Computers<br>Lease charge<br>Advertising<br>and promotion<br>Governance costs||||||31,135<br>10,786<br>1,008<br>4,888<br>25,448<br>103|38,054<br>13,182<br>1,232<br>5,974<br>31,103<br>126|69,189<br>23,968<br>2,240<br>10,862<br>56,551<br>229|
|Website<br>Depreciation||||||2,872<br>200,895|3,509<br>245,536|6,381<br>446,431|
|Support costs ofgenerating<br>support costs ofcharitable|funds are allocated to fundraising<br>events<br>activities are allocated between welfare paytnents|||and|costs ofraising funds||In the ratio of55:45||
||||||||2023Total|2022Total|
|9.Net Income for the year|||||||f|E|
|This is stated after charging:<br>Operating<br>leases - equipment|||||||5,904<br>1,071|2,240|
|Amortlsatlon|||||||5,977|6,381|
|Depreciation|||||||22,800|25,440|
|Audit of charitable<br>company|||||||1,089|797|
|Trustees' reimbursed<br>expenses|||||||||
|During the year 4(2022:4)|trustees were reimbursed|for travel|and subsistence.||||||
||||||||2023Total|2022Total|
|10,Staff Costs|||||||f|f|
|Staff costs were as follows:|||||||411,256|365,468|
|Salaries and wages|||||||41,496|37,075|
|Social security costs|||||||12t322|16,606|
|Pension contributions<br>Total emoluments<br>paid tostaff|||||||465,074|419,149|






|11.Intangible<br>Assets|||Total 2023||
|---|---|---|---|---|
|Cost|||||
|AtlJanuary<br>2023|||||
|Reclassification at 1January 2023|||19,389||
|Additions|||2,976||
|At 31December 2023|||22,365||
|Depreciation|||||
|At I January 2023|||||
|Reciassification|||18,066||
|Charge foryear|||1,071||
|At31December 2023|||19i137||
|Net BookValue|||||
|At 31December 2023|||3,228||
|At 31December 2022(Restated)|||1323||
|12.Tangible Assets||Office Fixings,|Computer||
||Furniture|and Equipment|Equipment|Total|
|Cost||E|F.|E|
|At I January 2023||5,860|44,806|50,666|
|Reclasslflcation|||(19,389)|(19,389)|
|||5,860|25,417|31.277|
|Additions|||6,648|6,648|
|Disposals||(648)|(4,472)|(5,120)|
|At 31 December 2023||5,212|27,593|32,805|
|Depreciation|||||
|At IJanuary 2023||3,917|26,999|30,916|
|Reclasslfication|||(18,066)|(18,066)|
|||3,917|8,933|12,850|
|Charge for year||433|5,544|5,977|
|Dlsposals||(356)|(4,472)|(4,828)|
|At 31December 2023||3,994|10,005|13,999|
|Net Book Value|||||
|At 3'I December 2023||1,218|17,588|18,806|
|At 31December 2022 (Restated)||1,943|16,484|18,427|
|13.Investments|||2023Total|2022Tote I|
|Quoted investments|||E|E|
|Market value at I January|||13,075,106|14,248,925|
|Additions|||132,531|366,884|
|Disposal proceeds|||(I2,394)|(49,449)|
|Gain on disposal ofInvestments|||2,326|9,969|
|linrealised<br>gain/(loss)|||429,607|(1,543,659)|
|Movement<br>In cash held|||(6,815)|42,436|
|Market value at 31December|||13,620,361|13,075,106|
|Cost at I January (2022 restated)|||10,044,652|9,674,811|
|Additions|||132,531|366,884|
|Dlsposals|||(10,067)|(39,480)|
|Movement<br>In cash held|||(6,816)|42,437|
|Cost at31December|||10,160,300|10,044,652|





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|14.Debtors|2023Total<br>E|2022Total<br>E|
|---|---|---|
|Trade debtors|78,783|76,909|
|Other debtors|36,893|24,669|
|Prepayments|41,905<br>157,58'I|37,248<br>138,826|



|15.Creditors Due Within One Year|2023Total|2022Total|
|---|---|---|
||E|E|
|Trade creditors|1 237|3,979|
|Other creditors|199,166|194,535|
|PAVE and pensions<br>Accruals|11,715<br>79,944|9,854<br>77,045|
||.292;062|285,413|



|16.Investments|gains funds|2023Total<br>E|2022Total<br>E|
|---|---|---|---|
|At 1January<br>Gain/(loss)<br>In year<br>At 31 December||3,030,454<br>429,607<br>' xg)480I061"|4,574,113<br>(1,543,659)<br>3,030,454|





|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|17.Analysis ofnet|assets||between|funds||||||Restricted|2023|
||||||||Unrestricted|Designated||J Steele|Total|
|2023|||||||E|E||E|E|
|Funds balances at 31 December 2023are|||||represented|by:||||||
|Intangible<br>fixed assets|||||||3,228||||3228|
|Tangible<br>fixed assets|||||||18,806||||18,806|
|Investments|||||||6,437,466|7,140,004||42,891|13,620,361|
|Current assets|||||||360,819|||5,461|366,280|
|Creditors: amounts|falling|due within||one|year||(292,062)||||(292,062)|
||||||||6,528,257|7,140,004||48,352|'I3,716,613|
|||||||||||Restricted|2022|
||||||||Unrestricted<br>Designated|||J Steele|Total|
|2022|||||||(Restated)<br>E||||(Restated)<br>E|
|Funds balances at 31 December 2022||||are|represented|by:||||||
|Intangible<br>fixed assets|||||||I 323||||1,323|
|Tangible fixed assets|||||||18,427||||18,427|
|Investments|||||||12,482,626|592,480|||13,075,106|
|Current assets|||||||258,204|||48,352|306,556|
|Creditors: amounts<br>falling||due within||one|year||(285,413)||||(285,413)|
||||||||12,475,167|592,480||48352|13,115,999|
|18.Analysis ofCharitable|||Funds|||||||||
||||Brought||||Unrealised<br>Realised|||||
||||Forward||IncomeExpenditure||Gain<br>Gain|Impairment||Transfers|2023|
|2023|||||E|E|E<br>E||E|E|E|
|Restricted funds Jane Steele|||48,352||||||||48,352|
|Total restricted funds|||48,352||||||||48,352|
|Designated<br>funds||||||||||||
|ACE|||||4,655|(25,024)||||20,369||
|Legacy Income|||592,480|||(80,296)|||||512,184|
|Regular benefit commitment||||||||||6,627,820|6,627,820|
|Total designated<br>funds|||592,480||4,655|(105,320)||||6,648,189|7,140,004|
|General funds|||12,475,167||1,985,735|(1,716,389)|429,607<br>2,326||-|(6,648,189)|6,528,257|
|Total general funds|||12,475,167||1,985,735|(1,716„389)|429,607<br>2,326||-(6,648,189)||6,528,257|
|Totalfunds|||13,115,999||1,990,390|(1,821,709)|429,607<br>2,326||||13,716,613|





|||Brought<br>Forward|Income Expenditure|Income Expenditure|Unreagsed<br>Gain|Realised<br>Gain|Impairment||Transfers|2022|
|---|---|---|---|---|---|---|---|---|---|---|
|2022<br>Restricted funds Jane Steele||E<br>48,352|E|E|F.|E||E|E|E<br>48,352|
|Total restricted|funds|48,352||||||||48,352,|
|Designated<br>funds<br>ACE<br>Legacy Income<br>Total designated|funds|605,687<br>605,687|5,630<br>5,630|{20,193)<br>(13,207)<br>(33,400)|||||14,563<br>14,563|592,480<br>592,480|
|General funds||13,677,651|?„032,772|(1,687,003)|(1,543,659)|9,969|||(14563)|12475167|
|Total general funds||13,677,651|2,032,772|(1,687,003)|(1,543,659)|9,969|||14,563|12;475r167|
|Total funds||14,331,690|2,038,402|(1,720,403)|(1,543,659)|9,969||||13,115,999|



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|20.Financial Instruments|20.Financial Instruments|||||2023<br>E|2022|
|---|---|---|---|---|---|---|---|
|Financial <br>Financial|assets measured<br> assets measured|at <br>at|fair value <br> amortlsed|through<br>cost|profit or loss|'I3,620,361<br>318,914|13,075,106<br>263,847|
|Financial|llabgltles measured||at amortised cost|||(212,118)|(208,368)|






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|24.Reconciliation ofnet movement|24.Reconciliation ofnet movement|in funds/debt|in funds/debt|and net|movement|in||||
|---|---|---|---|---|---|---|---|---|---|
|funds to net cash flow from operating activities|||||||At the start||At the end|
||||||||ofthe year||ofthe year|
|a)net movement<br>in funds/debt|||||||E||E|
|Cash at bank and in hand|||||||167,730|40,969|208,699|
|Netfunds|||||||167,730|40,969|208,699|
|||||||||2023Total|2022Total|
|b)net movement<br>in funds to net|cash flow||from|operating|activities|||E|E|
|Net movement<br>In funds||||||||600,614|(1,215,691)|
|Add back depreciation<br>charge||||||||5,977|6,381|
|Add back Amortisartlon||||||||1,071||
|Add back loss on disposal||||||||292||
|Add back profit on disposal ofInvestments||||||||(2,326)|(9,969)|
|Less unreallsed<br>(gain) /loss on Investments||||||||(429,607)|1,543,659|
|interest income shown<br>In investing|activities|||||||(458,236)|(413,343)|
|Increase/(decrease)<br>In cash held at|investment||managers|||||6,8'I5|(42,436)|
|(Increase)/decrease<br>In debtors||||||||(18,755)|7,400|
|Increase fn creditors||||||||6,649|34,675|
|Net cash used by operating activities||||||||(287,506)|(89,324)|