**REGISTERED COMPANY NUMBER: 04937256 (England and Wales) REGISTERED CHARITY NUMBER: 1121008**
**Report of the Trustees and Consolidated Financial Statements For The Year Ended 31 October 2025 for Newent Association for the Disabled**
Kingscott Dix Limited Chartered Accountants and Statutory Auditor Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
**Newent Association for the Disabled**
## **Contents of the Consolidated Financial Statements For The Year Ended 31 October 2025**
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|Page|
|Reference and Administrative Details|
|Report of the Trustees|1 to 5|
|Report of the Independent Auditors|6 to 8|
|Consolidated and Charity Statement of Financial Activities|9 to 10|
|Consolidated and Charity Statement of Financial Position|11 to 12|
|Statement of Consolidated Cash Flows|13|
|Notes to the Statement of Consolidated Cash Flows|14|
|Notes to the Financial Statements|15 to 27|
|Detailed Statement of Financial Activities|28 to 29|
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**Newent Association for the Disabled**
## **Reference and Administrative Details For The Year Ended 31 October 2025**
**Trustees** M P Edwards Dr I A Cocks Mrs P C Hales D Coombs Dr R N Baldwin Mrs C Moore (appointed 26 January 2024) **Company number** 04937256 (England and Wales) **Charity number** 1121008 **Principal address** Sheppard House Onslow Road Newent Gloucestershire GL18 1TL **Auditor** Kingscott Dix Limited Chartered Accountants and Statutory Auditor Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN **Bankers** The Cooperative Bank PO BOX 250 Delf House Skelmersdale WN8 6WT
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2025**
The trustees present their Group report and financial statements for the year ended 31 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
The principal objectives and aims of the Charity remain to relieve physically disabled persons within Newent and the surrounding area by the provision of transport and such other means as the Association may from time to time determine and to provide recreational facilities for such persons in the interests of social welfare with the object of improving their
## VISION
Newent Association for the Disabled wants to ensure through its service provision that quality of life is maintained for older and disabled people living in the North Forest Area.
MISSION Newent Association for the Disabled's mission is to: - Offer older people and people with disabilities a range of services to help improve their quality of life - Pioneer innovative and creative responses to meeting the needs of older people and people with disabilities. - Offer high quality services which meet the specific needs of older people and people with disabilities AIMS - Providing high quality direct services to older and disabled people in the North Forest area. - By providing a gold class community transport service through our fleet of vehicles - Responding to the needs of older people from communities in the catchment area. - Creating an effective and efficient organisation with sufficent income to sustain and develop our essential services that all stakeholders are committed to. PUBLIC BENEFIT The charity looks to achieve these objectives, whilst demonstrating its charitable purpose for the public benefit by the provision of activities and clubs at Sheppard House in Newent and transport through the Dial A Ride Facility. The trustees consider that they have complied with their duty to have due regard to the public benefit guidance when exercising any powers or duties to which the guidance is relevant.
AIMS
## PUBLIC BENEFIT
## **ACHIEVEMENTS AND PERFORMANCE**
The Board of Trustees has a duty to undertake discussion and make recommendations on constitutional and strategic issues all within the context of its mission.
Each trustee has a special interest e.g. Human Resources, Finance, Transport and Medical. The Board of Trustees are conscious of the unpredictability of its public sources of funding and as such seeks to keep a level of unrestricted reserves so that it can meet any shortfall of income over expenditure.
Income to the Association comes from a variety of sources, donations, legacies, sale of merchandise through the Charity Shop with Gift Aid collected, contractual through GCC with schools' transport, community transport with shuttle service, trust funding with grants for specific projects and direct payments from clients using the Sheppard House menu of services.
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees**
## **For The Year Ended 31 October 2025**
The securing of income for support and service development in the local area and the charity as a whole is always at the forefront in the thinking of the Board of Trustees and the senior management team. The Trustees have continued to adopt a cautious investment policy. The Association continues to seek to invest its surplus funds in no-risk interest earning
The bulk of its spare funds are placed with The Co-operative Bank PLC. Investment is largely in selected deposit accounts. These accounts have provided a small but safe return with the advantage of short-term liquidity so that funds can be mobilised for ongoing developments.
When applying for funds the Board has to ensure compliance in both the terms and conditions of the grant maker and Newent Association for the Disabled. In addition, all legacy income has to be spent as per the testator wishes. The income generation strategy reflects the aims of our mission and the priority objectives of Newent Association for the Disabled.
## CHAIRMANS REPORT 2025
We all know we live in challenging times. Every chair of every charity can tell you that. But Newent Association for the Disabled’s history of helping people who require additional support has always been at the forefront of our work. That simple fact gives me so much hope – and I know I’m not alone. I see how people whose lives have been affected by mental health problems and disabilities need help in these difficult financial times Despite the challenging external environment, we managed to show a surplus on the year accounts for 2025. As national grants dwindle, we are constantly looking at new ideas to raise funds to ensure our work can continue through Sheppard House and Dial A Ride Notwithstanding the challenges, on many occasions throughout 2024/25 I felt not just hope, but pride at the way the whole leadership team has worked so closely and productively. I would like to thank, in particular, our Board of Trustees, all staff and volunteers and our CEO who has led from the front during these very difficult times. Yes, these are difficult times, but this review shows how much we continue to achieve when we take action together. The fight for mental and physical health goes on. Patricia Hales Chairman CHIEF EXECUTIVE REPORT 2025 2025 was another good year for Newent Association for the Disabled. We managed to generate a surplus of just under £80,000. We have put this to good use improving our facilities at Sheppard House to make sure our clients have the best experience possible. As all organisations we did have the challenge of rising costs, in particular wages. Our transport business, which takes children with special needs to school (in addition to many other services) grew significantly and we now have twenty-one minibuses. This has grown our income but has also led to higher costs in fuel and vehicle maintenance. Sheppard House day centre has been very successful. We have grown the number of clients attending each day to an average of 25. This is a significant increase over the last few years.
We also ran very successful craft classes on a Friday at Sheppard House and these continue to be very popular. Our shop had another good year, which is remarkable against the backdrop of declining footfall in small market towns. In addition, we received significant financial support from Trusts and Foundations and I would particularly like to thank Barnwood Trust for their support. This is very important as it is increasingly competitive as there are more charities applying for grants than
Overall a very successful year which equips us well to face the challenges of 2026.
**Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2025**
## Financial Review
During the last year our income grew by over £125,000 which is excellent news in a very challenging time. This was mainly due to a significant increase in revenue from our schools’ contracts. This was supported by income growth in our transport services to the Gloucester Grammar Schools This was a result of our decision to invest some of the previous year’s legacy in new vehicles . Unfortunately, our costs did rise by 17% in the same period. The majority of this was caused by wage cost increases but also included higher fuel, food and energy costs. Despite this we generated a very significant surplus which we will invest in 2025/26 in further improving the services we offer our clients. In addition to this we will be undertaking an
In 2026 we will be building a new shop on our site at Onslow Road. This will focus on furniture recycling and will provide employment and volunteering opportunities. In addition, it will enhance the local environment .
We have managed to generate a surplus in five of the last six years. This demonstrates a consistent financial strategy and has enabled us to grow and provide excellent facilities for our service users. We have grown our reserves and this gives us financial security, even in difficult times. It has also enabled us to invest in new income generating opportunities to further spread any risk. This will help us deal with future uncertainties and the inevitable rise in costs. We are very well placed to meet any new challenges. Lyndon Biddle Chief Executive **STRATEGIC REPORT Reserves policy** The reserve policy is to hold a minimum of three months expenditure in reserves, as recommended by the Charities Commission. **Principal risks and uncertainties** The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure. The external risks to funding are reduced by the diversification of the charity’s funding sources. Internal risks are minimised by the implementation of procedures for the authorisation of all transactions and projects. The trustees consider that by aiming to ensure a consistently high level of professionalism from a well trained staff reduces the risk of failure in the standard of care delivered. All procedures are periodically checked to ensure that they continue to meet the needs of the
Procedures are in place to ensure compliance with Health and Safety for staff and residents.
## **Future plans**
The trustees intend to continue to improve the facilities within Sheppard House. The trustees will continue to place high importance on staff training to ensure aims and objectives of the charity are met.
## **STRUCTURES, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Charitable Company is incorporated under the Companies Act and has a Memorandum and Articles as adopted on 20th October 2003. The original charity was first registered on 13th May 1987. In November 2007 the assets of the original charity were transferred to this company.
**Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees For The Year Ended 31 October 2025**
## **Recruitment and appointment of new trustees**
New Trustees are selected from local interested individuals with a view to incorporating expertise appropriate to the proper management of the Association. Trustees are offered opportunities to attend training courses as appropriate.
## **Organisational structure**
The Main Trustee Board meets in full at least four times a year with subcommittees of trustees and relevant advisors meeting more frequently to deal with particular issues. The day to day running of the charity is in the hands of paid administration staff with a Senior Executive.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Company number** 04937256 (England and Wales)
**Registered Charity number** 1121008
**Registered office** Sheppard House Onslow Road Newent Gloucestershire GL18 1TL
## **Trustees**
M P Edwards Dr I A Cocks Mrs P C Hales D Coombs Dr R N Baldwin Mrs C Moore
## **Auditors**
Kingscott Dix Limited Chartered Accountants and Statutory Auditor Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
##
## **Bankers**
The Cooperative Bank PO BOX 250 Delf House Skelmersdale WN8 6WT
## **Solictiors**
Orme & Slade Solicitors Natwest Bank Chambers The Homend Ledbury HR8 1AB
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Report of the Trustees**
## **For The Year Ended 31 October 2025**
## **Commencement of Activities**
The Company took over the assets and activities of Newent Association for the Disabled on 1st November 2007.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Newent Association for the Disabled for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are
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- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charity SORP
- 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 charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on…....................... and signed on the board's behalf by:
Mrs P C Hales Trustee
## **Report of the Independent Auditors to the Members of Newent Association for the Disabled (Registered number: 04937256)**
## **Opinion**
We have audited the financial statements of Newent Association for the Disabled (the 'charitable parent company') and its subsidiaries (the ‘group’) for the year ended 31 October 2025 which comprise the Consolidated Statement of Financial Activities, the Charity Statement of Financial Activities, the Consolidated Statement of Financial Position, the Charity Statement of Financial Position, the Statement of Consolidated Cash Flows, notes to the Consolidated Cash Flow Statement and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
- give a true and fair view of the state of the group’s and of the charitable parent company’s affairs as at 31 October 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
**Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, 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. **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s and the charitable parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. **Other information** The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Report of the Independent Auditors to the Members of Newent Association for the Disabled (Registered number: 04937256)**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the group and the charitable parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
**Responsibilities of trustees** As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 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, the trustees are responsible for assessing the group’s and the parent charitable 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 the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: In assigning the audit engagement team we ensured that collectively they had the appropriate competence and capabilities to identify non-compliance with laws and regulations, highlight areas of the financial statements particularly susceptible to fraud and conduct appropriate additional enquiries where suspicions or weaknesses became evident.
In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charitable 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 the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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.
At the planning stage, we assessed the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. This involved preliminary planning discussions with management to obtain their assessment of fraud risk, to identify any incidences of fraud during the year and understand the measures and controls they had taken to combat the possibility of fraud.
Our transaction testing and assessment of controls during the audit provided further evidence as to the validity of this initial assessment with regard to material misstatement and fraud.
## **Report of the Independent Auditors to the Members of Newent Association for the Disabled (Registered number: 04937256)**
We identified areas of law and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the Trustees, and inspection of the Charity's regulatory and legal correspondence. The team were briefed with regard to laws and regulations and remained alert to any indication of non-compliance throughout the audit.
The charity is subject to laws and regulations that directly affect the financial statements including legislation covering financial reporting and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. In assessing this compliance, we evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates in the measurement and presentation of profit within the financial statements.
The charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: Health and safety, Employment laws, GDPR, Care Act, Care, Support & Aftercare Act and Health & Social Care Act.
Audit procedures designed to identify non-compliance with these laws and regulations included enquiry of the Trustees and other management and inspection of regulatory and legal correspondence. None of the procedures applied identified actual or suspected non-compliance.
or suspected non-compliance. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. Where an irregularity is non-financial or has not reached a stage where its impact is financial, it is less likely to be identified by auditing procedures. In addition, to the extent that an irregularity involves collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls, there remains a high risk of non-detection. We are not responsible for detecting all instances of non-compliance with laws and regulations and cannot be expected to do so. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material
with auditing standards. Where an irregularity is non-financial or has not reached a stage where its impact is financial, it is
Mark Spashett BSc FCA (Senior Statutory Auditor)
for and on behalf of Kingscott Dix Limited Chartered Accountants and Statutory Auditor Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
…..........................
## **Newent Association for the Disabled**
## **Consolidated Statement of Financial Activities**
## **(Incorporating an Income and Expenditure Account) For The Year Ended 31 October 2025**
|Notes|Unrestricted
Funds
£|Restricted
Funds
£|31.10.25
Total Funds
£|31.10.24
Total Funds
£|
|---|---|---|---|---|
|**INCOME AND ENDOWMENTS FROM**|||||
|Donations and legacies
2|203,474|102,279|305,753|371,695|
|**Charitable activities**|||||
|Sheppard House
7
Dial a Ride
7
Bathing Annex
7
Other Trading Activities
4
Investment Income
6
Other Income
Total
**EXPENDITURE ON**
**Raising funds**
Other trading activities
8
|296,792
188,727
1,562
613,233
28,668
-
1,332,457
469,219
469,219
|-
-
-
-
-
-
102,279
-
-
FT|296,792
188,727
1,562
613,233
28,668
-
1,434,736
469,219
469,219
|287,839
158,160
1,332
459,109
30,573
35
1,308,743
370,263
370,263|
|**Charitable activities**
|||||
|Sheppard House
9
Dial a Ride
9
Bathing Annex
9
One Stop and Charity Shop
9
**Total**
**NET INCOME**
Transfer between funds
Net movement in funds
D|405,894
406,599
26,590
50
1,308,352
24,104
-
24,104
|7,094
36,683
3,824
-
47,601
54,678
-
54,678
|412,988
443,282
30,414
50
1,355,953
78,782
-
78,782
|382,075
374,047
28,498
1,372
1,156,255
152,488
-
152,488|
|**RECONCILIATION OF FUNDS**
Total funds brought forward|||||
||670,184|529,426|1,199,610|1,047,122|
||||||
|**TOTAL FUNDS CARRIED FORWARD**|694,288|584,104|1,278,392|1,199,610|
||||||
The notes form part of these financial statements
## **Newent Association for the Disabled**
## **Charity Statement of Financial Activities**
## **(Incorporating an Income and Expenditure Account) For The Year Ended 31 October 2025**
||Notes|Unrestricted
Funds
£|Restricted
Funds
£|31.10.25
Total Funds
£|31.10.24
Total Funds
£|
|---|---|---|---|---|---|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies|3|310,579|102,279|412,858|438,942|
|**Charitable activities**||||||
|Sheppard House
7
Dial a Ride
7
Bathing Annex
7
Other Trading Activities
5
Investment Income
6
Other Income
Total
**EXPENDITURE ON**
**Raising funds**
Other trading activities
8
||296,792
188,727
1,562
498,663
28,668
-
1,324,991
469,219
469,219
|-
-
-
-
-
-
102,279
-
-
FT|296,792
188,727
1,562
498,663
28,668
-
1,427,270
469,219
469,219
|287,839
158,160
1,332
391,014
30,573
35
1,307,895
370,263
370,263|
|**Charitable activities**
||||||
|Sheppard House
10
Dial a Ride
10
Bathing Annex
10
One Stop and Charity Shop
10
**Total**
**NET INCOME**
Transfer between funds
Net movement in funds
D||398,429
406,599
26,590
50
1,300,887
24,104
-
24,104
|7,094
36,683
3,824
-
47,601
54,678
-
54,678
|405,523
443,282
30,414
50
1,348,488
78,782
-
78,782
|381,227
374,047
28,498
1,372
1,155,407
152,488
-
152,488|
|**RECONCILIATION OF FUNDS**
Total funds brought forward||670,184|529,426|1,199,610|1,047,122|
|||||||
|**TOTAL FUNDS CARRIED FORWARD**||694,288|584,104|1,278,392|1,199,610|
|||||||
The notes form part of these financial statements
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Consolidated Statement of Financial Position As at 31 October 2025**
|**As**|**at 31 October**|**2025**|||
|---|---|---|---|---|
|**FIXED ASSETS**
Tangible Assets
18
Investments
**CURRENT ASSETS**
Stocks
20
Debtors: amounts falling due within one y
21
Other Investments
22
Cash at bank and in hand
**CREDITORS**
Amounts falling due within on year
23
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
25
Restricted Funds
**TOTAL FUNDS**
Notes
D|308,215
-
308,215
4,230
214,328
493
228,437
447,488
(61,416)
386,073
694,288
694,288
Unrestricted
Funds
£
RA|314,722
-
314,722
-
-
-
269,382
269,382
-
269,382
584,104
584,104
Restricted
Funds
£
FT|31.10.25
622,937
-
622,937
4,230
214,328
493
497,820
716,871
(61,416)
655,455
1,278,392
1,278,392
694,288
584,104
1,278,392
Total Funds
£
|31.10.24
637,638
-
637,638
4,699
227,024
493
380,181
612,397
(50,425)
561,972
1,199,610
1,199,610
670,184
529,426
1,199,610
Total Funds
£|
|The financial statements were approved by the Board of Trustees and
signed on its behalf by:|||authorised for issue on DATE and were||
P C Hales - Trustee
The notes form part of these financial statements
## **Newent Association for the Disabled (Registered number: 04937256)**
## **Charity Statement of Financial Position As at 31 October 2025**
|**FIXED ASSETS**
Tangible Assets
18
Investments
19
**CURRENT ASSETS**
Stocks
20
Debtors: amounts falling due within one y
21
Other Investments
22
Cash at bank and in hand
**CREDITORS**
Amounts falling due within on year
23
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
25
Restricted Funds
**TOTAL FUNDS**
Notes
D|308,215
500
308,715
4,230
228,880
493
207,378
440,981
(55,408)
385,573
694,288
694,288
Unrestricted
Funds
£
RA|314,722
-
314,722
-
-
-
269,382
269,382
-
269,382
584,104
584,104
Restricted
Funds
£
FT|31.10.25
622,937
500
623,437
4,230
228,880
493
476,760
710,363
(55,408)
654,955
1,278,392
1,278,392
694,288
584,104
1,278,392
Total Funds
£
|31.10.24
637,638
500
638,138
4,699
235,519
493
367,197
607,908
(46,436)
561,472
1,199,610
1,199,610
670,184
529,426
1,199,610
Total Funds
£|
|---|---|---|---|---|
||||||
The notes form part of these financial statements
## **Newent Association for the Disabled**
## **Statement of Consolidated Cash Flows For The Year Ended 31 October 2025**
31.10.25 31.10.24 £ £ Notes **Cash flows from operating activities** Cash generated from operations 1 160,403 158,525 Net cash provided by/(used in) operating activities 160,403 158,525 **Cash flows from investing activities** Purchase of tangible fixed assets (48,206) (119,038) Interest received 5,443 5,393 Cash Received from disposal of asset 350.00 Net cash used in investing activities (42,763) (113,295) **Change in cash and cash equivalents** 117,640 45,231 **in the reporting period Cash and cash equivalents at the** 380,674 335,443 **beginning of the reporting period Cash and cash equivalents at the end** 498,313 380,674 **of the reporting period**
The notes form part of these financial statements
## **Newent Association for the Disabled**
## **Notes to the Statement of Consolidated Cash Flows For The Year Ended 31 October 2025**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Net income/(expenditure) for the reporting period
(as per the Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Interest received
Decrease/(increase) in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors|78,782
55,283
(5,443)
469
12,696
10,992
31.10.25
£||152,488
46,448
(5,393)
(278)
(50,159)
15,454
31.10.24
£|
|---|---|---|---|
|Profit on disposal of asset|7,624||(35)|
|**Net cash provided by/(used in) operations**
**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
**Net Cash**
Cash at bank and in hand
**Liquid Resources**
Deposits included in cash
Current asset investments
**Total**
DRA|160,403
380,181
380,181
-
493
493
380,674
At 1.11.24
£
FT|117,639
117,639
-
-
-
117,639
Cash Flow
£
|158,525
497,820
497,820
-
493
493
498,313
At 31.10.25
£|
The notes form part of these financial statements
## **Newent Association for the Disabled**
## **Notes to the Financial Statements For The Year Ended 31 October 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The entitiy is a charitable company, incorporated in England and Wales.
## **Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
receipt. Other donations performance conditions require deferral of the amount. or otherwise if the charity has been notified receipt is expected. If the amount is not known, the and other grants, is recognised when the charity attached to the grants have been met, it is probable activities includes income earned from fundraising Income is received in exchange for supplying goods and on deposit is included when receivable and the amount
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Income from government and other grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use
## **Governance costs**
As the Charity operates fairly efficiently with regard to governance, the majority of its resources are allocated to charitable activities, based on time allocated to each charitable activity.
## **Tangible fixed assets**
Costs related to fixed asset expenditure in excess of £500 are capitalised as tangible fixed assets in the accounts.
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **1. ACCOUNTING POLICIES - continued**
No revaluations have been performed to date.
Due to the nature of the fixed assets held by the Charity, no asset is likely to be lower than that stated in the accounts and hence no impairment reviews are considered necessary.
Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives as follows:
Freehold Property 2% on cost Plant and machinery 10% on reducing balance Furniture and Fittings 10% on reducing balance Motor vehicles 25% on reducing balance
## **Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. **Stocks** Stock consists of purchased goods for the use in future activities included at cost. Charity shop donated goods are not included in the financial statements until they are sold or distributed. **Taxation** The charity is exempt from corporation tax on its charitable activities. **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. **Financial instruments** Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Financial instruments**
## _Basic financial assets_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _Impairment of fixed assets_
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## _Basic financial liabilities_
|_Basic financial liabilities_
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
_Derecognition of financial liabilities_
**2.**
**DONATIONS AND LEGACIES - GROUP**
Donations
24,280
35,790
Legacies
-
142,259
Grants
281,473
193,646
305,753
371,695
**3.**
**DONATIONS AND LEGACIES – CHARITY**
Donations
24,281
35,790
Legacies
-
142,259
Grants
281,473
193,647
Covenant received from N A D Contracts Limited
107,104
67,246
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
31.10.25
£
31.10.24
£
31.10.25
£
31.10.24
£
DRAFT|_Basic financial liabilities_
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
_Derecognition of financial liabilities_
**2.**
**DONATIONS AND LEGACIES - GROUP**
Donations
24,280
35,790
Legacies
-
142,259
Grants
281,473
193,646
305,753
371,695
**3.**
**DONATIONS AND LEGACIES – CHARITY**
Donations
24,281
35,790
Legacies
-
142,259
Grants
281,473
193,647
Covenant received from N A D Contracts Limited
107,104
67,246
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
31.10.25
£
31.10.24
£
31.10.25
£
31.10.24
£
DRAFT|_Basic financial liabilities_
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
_Derecognition of financial liabilities_
**2.**
**DONATIONS AND LEGACIES - GROUP**
Donations
24,280
35,790
Legacies
-
142,259
Grants
281,473
193,646
305,753
371,695
**3.**
**DONATIONS AND LEGACIES – CHARITY**
Donations
24,281
35,790
Legacies
-
142,259
Grants
281,473
193,647
Covenant received from N A D Contracts Limited
107,104
67,246
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
31.10.25
£
31.10.24
£
31.10.25
£
31.10.24
£
DRAFT|
|---|---|---|
||||
||412,858|438,942|
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **4. OTHER TRADING ACTIVITIES - GROUP**
**----- Start of picture text -----**
31.10.25 31.10.24
£ £
Fundraising events 1,282 1,036
Shop income 134,103 136,480
Local transport contracts 477,849 321,592
613,233 459,109
5. OTHER TRADING ACTIVITIES - CHARITY
31.10.25 31.10.24
£ £
Fundraising events 1,282 1,036
Shop income 134,103 136,480
Recharge to trading subsidiary 363,278 253,498
498,663 391,014
6. INVESTMENT INCOME – GROUP AND CHARITY
31.10.25 31.10.24
£ £
Rents Received 23,226 25,180
Deposit Account Interest 5,443 5,393
28,668 30,573
7. INCOME FROM CHARITABLE ACTIVITIES - GROUP AND CHARITY
31.10.25
Sheppard Bathing Total
House Dial a Ride Annex Activities
£ £ £ £
Dial-A-Ride Services - 188,727 - 188,727
-
Community users 296,792 1,562 298,354
296,792 188,727 1,562 487,081
31.10.24
Sheppard Bathing Total
House Dial a Ride Annex Activities
£ £ £ £
Dial-A-Ride Services - 158,160 - 158,160
-
Community users 287,839 1,332 289,171
287,839 158,160 1,332 447,331
DRAFT
**----- End of picture text -----**
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
**----- Start of picture text -----**
8. OTHER TRADING ACTIVITIES – GROUP AND CHARITY
31.10.25 31.10.24
Total Total
Activities Activities
£ £
Staff costs 71,142 63,375
Rent & Rates 15,714 13,903
Insurance 2,280 2,280
Light & Heat 3,131 3,925
Printing, Postage & Stationery 2,738 2,332
Shop repairs & maintenance 1,363 2,742
Motor Expenses 51,455 43,965
Wages 282,923 200,244
Sundry 1,430 1,041
Fundraiser Costs 37,043 36,456
469,219 370,263
9. CHARITABLE ACTIVITIES COSTS - GROUP
Direct Support 31.10.25 31.10.24
Costs costs (see Total Total
£ note 11) £ £
Sheppard House 402,491 10,497 412,988 382,075
Dial a Ride 443,282 - 443,282 374,047
-
Bathing Annex 30,414 30,414 28,498
One Stop and Charity Shop 50 - 50 1,372
876,237 10,497 886,734 785,992
10. CHARITABLE ACTIVITIES COSTS - CHARITY
Direct Support 31.10.25 31.10.24
Costs costs (see Total Total
£ note 11) £ £
Sheppard House 395,908 9,615 405,523 381,227
Dial a Ride 443,282 - 443,282 374,047
-
Bathing Annex 30,414 30,414 28,498
One Stop and Charity Shop 50 - 50 1,372
869,654 9,615 879,269 785,144
11. SUPPORT COSTS - GROUP
Governance 31.10.25 31.10.24
Costs Total Total
£ £ £
Sheppard House 9,615 9,615 12,303
Dial a Ride - - 2,500
9,615 9,615 14,803
DRAFT
**----- End of picture text -----**
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2024**
## **12. SUPPORT COSTS - Charity**
**----- Start of picture text -----**
Governance 31.10.25 31.10.24
Costs Total Total
£ £ £
Sheppard House 9,615 9,615 11,455
Dial a Ride - - 2,500
9,615 9,615 13,955
13. NET INCOME/(EXPENDITURE)
31.10.25 31.10.24
£ £
Depreciation - owned assets 55,283 46,449
Fees payable to the charity’s auditor for the audit of the 6,585 8,000
charity’s financial statements
14. TRUSTEES' REMUNERATION AND BENEFITS – GROUP AND CHARITY
There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for
the year ended 31 October 2024.
Trustees' expenses
It is the policy of the Charity to reimburse in full all expenses properly incurred by its volunteers in
connection with its charitable activities.
15. STAFF COSTS
31.10.25 31.10.24
£ £
Wages and salaries 896,001 746,699
The average monthly number of employees during the year was as follows:
31.10.25 31.10.24
Sheppard House 16 16
Transport 38 35
Charity Shop 3 2
57 53
The number of employees whose employee benefits (excluding employer pension costs)
exceeded £60,000 was:
DRAFT
**----- End of picture text -----**
|£70,001 - £80,000|31.10.25
1|31.10.24
1|
|---|---|---|
Staff costs include Employers National Insurance costs of £61,251 (2024: £42,412) and Employers Defined Benefit Pension Contributions of £14,695 (2024: £13,379).
There are a large number of part time employees and the average full time equivalent is 34 (2024: 34) employees.
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **16. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - GROUP**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Sheppard House
Dial a Ride
Bathing Annex
Other trading activities
Investment income
Other income
**Total**
**EXPENDITURE ON**
**Raising funds**
Other trading activities
**Charitable activities**
Sheppard House
Dial a Ride
Bathing Annex
One Stop and Charity Shop
**Total**
**NET INCOME**
Transfer between funds
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**17.**
**INVESTMENTS**
DRA|212,938
158,757
287,839
-
158,160
-
1,332
-
391,014
-
30,573
-
35
-
1,081,891
158,757
370,263
-
358,725
23,350
342,873
31,174
24,674
3,824
1,372
-
1,097,907
58,348
16,016
-
100,409
(15,546)
15,546
31,562
-
115,955
633,651
413,471
602,089
529,426
Un-
restricted
Funds
£
Restricted
Funds
£
FT|371,695
287,839
158,160
1,332
391,014
30,573
35
1,240,648
370,263
382,075
374,047
28,498
1,372
1,156,255
84,393
-
84,393
1,047,122
1,131,515
Total
Funds
£|
|---|---|---|
Investments are stated at market value at the balance sheet date. There was no net gain or loss arising on revaluations or disposals throughout the year, due to the fact that the value of the investments had not changed significantly in the period.
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **18. TANGIBLE FIXED ASSETS - GROUP AND CHARITY**
**----- Start of picture text -----**
Freehold Plant and Fixtures and Motor
Property Machinery Fittings Vechiles Totals
£ £ £ £ £
COST
At 1 November 2024 743,446 26,111 172,939 420,916 1,363,412
Additions - 1,745 3,858 42,602 48,205
- - -
Disposals (98,631) (98,631)
At 31 October 2025 743,446 27,856 78,166 463,518 1,312,986
DEPRECIATION
At 1 November 2024 295,959 9,968 123,503 296,344 725,774
Charge for year 10,809 1,727 4,504 38,243 55,283
- - -
Eliminated on disposal (91,008) (91,008)
At 1 November 2025 306,768 11,695 36,999 334,587 690,049
NET BOOK VALUE
At 31 October 2025 436,678 16,161 41,167 128,931 622,937
At 31 October 2024 447,487 16,143 49,436 124,572 637,638
Included in cost or valuation of land and buildings is freehold land of £168,332 (2024 - £168,332)
which is not depreciated.
19. FIXED ASSET INVESTMENTS - CHARITY
31.10.25 31.10.24
£ £
Shares 1 1
Loans 499 499
500 500
Shares in
group
undertaking
£
MARKET VALUE
At 1 November 2024 and
31 October 2025 1
NET BOOK VALUE
At 31 October 2025 1
At 31 October 2024 1
Loans to
group
undertaking
£
At 1 November 2024 and
31 October 2025 499
There were no investment assets outside the UK.
DRAFT
**----- End of picture text -----**
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **19. FIXED ASSET INVESTMENTS - continued**
The company's investments at the balance sheet date in the share capital of companies include the following
## **N A D Contracts Limited**
**----- Start of picture text -----**
Registered office: UK
Nature of business: Transport services
%
Class of share: Holding
Ordinary 100
31.10.25 31.10.24
£ £
Aggregate capital and reserves 2 2
2 2
20. STOCKS - GROUP AND CHARITY
31.10.25 31.10.24
£ £
Stocks 4,230 4,699
21. DEBTORS
31.10.25 31.10.25 31.10.24 31.10.24
Amounts falling due within one year: £ £ £ £
Group Charity Group Charity
Trade Debtors 96,542 36,026 86,370 36,669
- -
Amounts owed by subsidiary undertakings 75,655 58,783
Other debtors 587 - 587 -
VAT - - - -
Prepayments and accrued income 117,199 117,199 140,067 140,067
214,328 228,880 227,024 235,519
22. CURRENT ASSET INVESTMENTS – GROUP AND CHARITY
31.10.25 31.10.24
£ £
Other Investments 493 493
DRAFT
**----- End of picture text -----**
The market value of the shares had not significantly varied in value at the balance sheet date.
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **23. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade Creditors
Social Security and other taxes
VAT
Accruals and deferred income|22,124
20,108
11,184
8,000
61,416
31.10.25
£
Group|21,624
20,108
5,676
8,000
55,408
31.10.25
£
Charity|20,288
16,043
4,045
10,049
50,425
31.10.24
£
Group|19,788
16,043
556
10,049
46,436
31.10.24
£
Charity|
|---|---|---|---|---|
|**24.**
**LEASING AGREEMENTS - GROUP AND CHARITY**|||||
|Within 1 year
4,333
4,000
Between 2 and 5 years
-
4,333
4,333
8,333
31.10.25
£
31.10.24
£
The charity has contracted with lessees for the following future minimum lease payments for sublet
income:
AFT|||||
|**25.**
**MOVEMENT OF FUNDS - GROUP AND CHARITY**
|||||
|At 1.11.24
£
Net
movement
in funds
£
DR|||Transfers
between
funds
£
|At 31.10.25
£|
|**Unrestricted funds**
|||||
|General Fund
670,184
24,104
**Restricted funds**
Dial A Ride
319,930
65,596
Bathroom
32,362
(3,824)
Sheppard House
177,134
(7,094)
529,426
54,678
|||-
-
-
-
-
|694,288
385,526
28,538
170,040
584,104|
|**TOTAL FUNDS**|1,199,610|78,782|-|1,278,392|
||||||
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued**
## **For The Year Ended 31 October 2025**
## **25. MOVEMENT OF FUNDS - Continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General Funds
**Restricted Funds**
Dial A Ride
Bathroom
Sheppard House
||1,332,457
102,279
-
-
102,279
Incoming
Resources
£
|(1,308,352)
(36,683)
(3,824)
(7,094)
(47,601)
Resources
Expended
£
|24,104
65,596
(3,824)
(7,094)
54,678
Movement
in funds
£|
|---|---|---|---|---|
|**TOTAL FUNDS**
||1,434,736
|(1,355,953)
|78,782|
||||||
|**Comparatives for movement in funds**
||Net
|Transfers
||
||At 1.11.23
|movement
in funds
|between
funds
|At 31.10.24|
|**Unrestricted funds**
|£
|£
|£
|£|
|General Fund
**Restricted funds**
Dial A Ride
Bathroom
Sheppard House
Barnwood Trust Trips 2021
Hartpury College Project
Carers Legacy Fund
**TOTAL FUNDS**
D|633,651
192,346
36,187
167,919
2,340
10,679
4,000
413,471
1,047,122
RA|52,079
127,584
(3,825)
(6,331)
(2,340)
(10,679)
(4,000)
100,409
152,488
|(15,546)
-
-
15,546
-
-
-
15,546
-
|670,184
319,930
32,362
177,134
-
-
-
529,426
1,199,610|
**Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **25. MOVEMENT OF FUNDS - Continued**
|Comparative net movement in funds, included in the above are as follows:|Comparative net movement in funds, included in the above are as follows:|Comparative net movement in funds, included in the above are as follows:||
|---|---|---|---|
|**Unrestricted funds**
General Funds
**Restricted Funds**
Dial A Ride
Bathroom
Sheppard House
Barnwood Trust Trips 2021
Hartpury College Project
Carers Legacy Fund
|1,149,986
158,758
-
-
-
-
-
158,758
1,308,744
Incoming
Resources
£
T|(1,097,907)
(31,174)
(3,825)
(6,331)
(2,340)
(10,679)
(4,000)
(58,349)
(1,156,256)
Resources
Expended
£
|52,079
127,584
(3,825)
(6,331)
(2,340)
(10,679)
(4,000)
100,409
152,488
Movement
in funds
£|
|A current year 12 months and prior year 12 months combined position is as follows:
||||
|At 1.11.23
Net
movement
|||At 31.10.25|
|**Unrestricted funds**
in funds
||||
|£
£
General Fund
633,651
60,637
**Restricted funds**
Dial A Ride
192,346
193,180
Bathroom
36,187
(7,649)
Sheppard House
167,919
2,121
Barnwood Trust Trips 2021
2,340
(2,340)
Hartpury College Project
10,679
(10,679)
Carers Legacy Fund
4,000
(4,000)
413,471
170,633
**TOTAL FUNDS**
1,047,122
231,270
DR|||£
694,288
385,526
28,538
170,040
-
-
-
584,104
1,278,392|
|||||
|||||
## **Newent Association for the Disabled**
## **Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
## **25. MOVEMENT OF FUNDS - Continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|the above are as follows:||||
|---|---|---|---|
|**Unrestricted funds**
General Funds
**Restricted Funds**
Dial A Ride
Bathroom
Sheppard House
**TOTAL FUNDS**
|2,482,443
261,036
-
-
261,036
2,743,479
Incoming
Resources
£
|(2,406,259)
(67,857)
(7,648)
(30,444)
(105,949)
(2,512,208)
Resources
Expended
£
|76,184
193,179
(7,648)
(30,444)
155,087
231,271
Movement
in funds
£|
|**RELATED PARTY DISCLOSURES**
||||
|Transactions with the subsidiary company for the year to 31st October 2025 totalled £363,278 (2024:
N.A.D Contracts Ltd is a subsidiary company of the Charity which covenants all its profits to the
Charity. Total covenanted profits for year to 31st October 2025 was £107,104 (2024: £67,246).
AF||||
## **26.**
N.A.D Contracts Ltd is a subsidiary company of the Charity which covenants all its profits to the Charity. Total covenanted profits for year to 31st October 2025 was £107,104 (2024: £67,246). Transactions with the subsidiary company for the year to 31st October 2025 totalled £363,278 (2024: £253,498). At the year end £75,655 were owed to the Charity from the subsidiary company (2024: £58,783). **RESTRICTED FUNDS AND DESIGNATED FUNDS** SHEPPARD HOUSE This represents the funds collected under the Freshfields campaign to build the day centre and equip its facilities. DIAL-A-RIDE The charity receives funding from the Local Authority on the grounds it continues to provide transport for the disabled and elderly of the area and so these funds are restricted to this use.
## **27. RESTRICTED FUNDS AND DESIGNATED FUNDS**
BATHROOM PROJECT
The construction of bathing facilities at Sheppard House.
## BATHROOM REFURBISHMENT PROJECT
This represents capital grants from Gloucestershire County Council Community Building Improvement Scheme and the Summerfield Trust to provide new bathing facilities in the bathroom
## **Newent Association for the Disabled**
**Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
**----- Start of picture text -----**
INCOME AND ENDOWMENTS 31.10.25 31.10.24
£ £
Donations and legacies
Donations and Legacies 24,281 35,790
-
Legacies 142,259
Grants 281,473 193,647
Covenant Received from N A D Contacts Limited 107,104 67,246
412,858 438,942
Other trading activities
Fundraising Events 1,282 1,036
Shop Income 134,103 136,480
Recharge to Trading Subsidiary 363,278 253,498
498,663 391,014
Investment Income
Rents Received 23,226 25,180
Deposit Account Interest 5,443 5,393
28,669 30,573
Charitable Activities
Dial-A-Ride Services 188,727 158,160
Community Users 298,354 289,171
487,081 447,331
Other income
Gain on sale on tangible fixed assets - 35
Total Incoming Resources 1,427,271 1,307,895
EXPENDITURE
Other trading activities
Wages 71,142 63,375
Rent & Rates 15,714 13,903
Insurance 2,280 2,280
Light & Heat 3,131 3,925
Printing, Postage, Stationery 2,738 2,332
Shop, repairs & maintenance 1,363 2,742
Motor Expenses 51,455 43,965
Wages 282,923 200,244
Sundry 1,430 1,041
Fundraiser Costs 37,043 36,456
469,219 370,263
DRAFT
**----- End of picture text -----**
This page does not form part of the statutory financial statements
## **Newent Association for the Disabled**
**Notes to the Financial Statements - continued For The Year Ended 31 October 2025**
|**Charitable Activities**
Wages
Rent, Rates, and Water
Insurance
Light and Heat
Telephone
Postage and Stationery
Motor Expenses
Repairs
Sundries
Food
Gardening and Landscaping
Computer Eexpenses
Advertising
Freehold Property
Plant and Machinery
Fixtures and Fittings
Motor Vehicles
Loss on sale of tangible assets
|541,936
3,935
6,989
9,948
5,211
3,008
168,465
13,854
28,172
17,448
2,170
2,953
2,659
10,809
1,727
4,504
38,243
7,624
869,655
31.10.25
£
FT|483,080
4,000
7,319
12,889
5,684
3,059
132,504
26,825
22,316
17,565
2,360
4,508
2,632
10,867
1,728
4,508
29,345
-
771,189
31.10.24
£|
|---|---|---|
|**Support costs**
**Other**
|||
||||
|Bad debts
|-
|1,639|
|**Governance costs**
Accountancy fees
|5,750
|8,000|
|Additional services
Professional fees
D|3,865
-
9,615
|4,316
-
12,316|
|Total resources expended
|1,348,489
|1,155,407|
||||
|**Net income/(expenditure)**|78,782|152,488|
||||
This page does not form part of the statutory financial statements