Charlty registratlon number 1123356
Company registration number 05995956 (England and Wales)
THE NEWELL CENTRE ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE NEWELL CENTRE ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J H Shippam
M P Taylor
R L CaNey
S Stevens
Secretary
WEDent
Charity numbèr
1123356
Company number
05995956
Reglstered offl¢e
The Bassil Shippam Centre
Tozer Way
St Pancos
West Sussex
Chichester
P019 7LG
Ind?p¢ndent Exomln•r
David Knight FCA CTA
Carpenter Box Jones Avens
Piper House 4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX
Bankèrs
Bardays Bank plc
74175 East Straet
Chichester
Wesl Sussex
P019 1HT
Investm•nt advlsors
IEP Financial
119 Church Road
Hove
East Sussex
BN3 2AF

THE NEWELL CENTRE ASSOCIATION
CONTENTS
Page
Trustees, report
Indepèndent examinerfs rèport
Statement of financial aclivitles
Balance $heet
Notes to the financial statements
6-13

THE NEWELL CENTRE ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial ststements for Ihe year ended 31 March 2024.
The financial ststements have been prepared in acts)rdance with the accounting policies set out in note 1 to thè
financial statements and comply wilh the charity's Memorandum and Articles of Association, the Companies Act
2006 and 'Accounting and Reporting by Charilies.. 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 IFRS 1021 l&ffe¢tive 1 January 2019)".
Objectivès and actlvltles
The charity's objects are lo promote the welfare of the aged in any manner which now is or hereaPier may be
deemed by law to be charitable within the City of Chichester and the surrounding district.
This is done by providing social meelings and organising outings for elderly people in Chichester. Regular meetings
are held which are attended by the members where refreshments and entertainment are provided. To enable the
charity to provide such services income is generated by renting out the halls and meeting rooms in the
properties it owns lo local clubs and sociekn'es for their meetings or classes.
We r8vi8w our objectives and activities each year. This rèview boks at what we achieved and the outcomes ol our
work in th8 previous 12 months. The review boks at the success of each key activity and the benefits they have
brought to those groups of people we are set up to help. The reV￿W helps us lo ensure our objects'ves ￿rna1n
focused on our stated purpose.
Public benefrt
The trustees have paid due regard to guidance on publi¢ benefft issued by the Charity Commission in deciding what
activities the charity should undertake. In particular the trustees consider how planned activities will contribute to the
aims and objectives they have set.
A¢hlévements and performance
Significanl activities and achievements against obiedives
The charity had another su¢¢essful year with the meetings and trips being well attended and the facilities in the
Bassil Shippam and Newell Centres being used by the majority of member8.
Finan¢lal rovlew
Income for the year amounted lo £53.024 {2023: £48,705) and resources expended amounted to £73,534 {2023:
£67,374) resulting in a net increas81(derrease) in funds of {£20,5101 (2023= (£18.669)) for the year. There were
investment gainslllosses) of £15,098 {2023'. £8.446 loss) resuhtng in an overall nel increasel (decrease) in funds of
1£5,412} (2023.. £27,115 decrease). At the balance sheet date the unrestn'cted income lunds amount lo £254.617
12023: £260,029) and the unrestricted revaluation reseNe is £978,857 {2023.. £978.857). giving total unrestricted
funds of £1.233,474 {2023- £1,238.8861. Total restricted funds amount lo Nil (2023- nil) giving total funds of
£1,233,47412023.' £1,238,886).
Reserves policy
It is the policy of the charity that unrestricted funds which have nol been designated for a specific use should be
mainlained at a level equivalènt to be￿een three and six month's expenditure. The trustees considers that reserves
at this level will ensure that, in the event of a significant drop in fijnding, they will be able to ¢ontinue the charity's
current activitie5 while considerats'on is gNen lo ways in which additional funds may be raised. This level of reserves
has been maintsined throughout the year.
Major risks
The trustees have assessed the major risks to whith the charity is 8xposed. and are satisfied that systems are in
place lo mitigate exposure to the major risks.
Plans for future periods
The Charity plans to continue to provide the same services seeking to improve them where pracb"rAI.

THE NEWELL CENTRE ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The charity is a company limtted by guarantee and does not have a share capitsl.
The trustees. who are also the directors for the purFK)se of cornpany law. and who served during the year and up to
the date of signature of the financial statements were..
J H Shippam
M P Taylor
R L Carvey
S Stevens
R8CfUrtment and apptyntment of bustees
The charity is admlnistered by a board of four trustees who meet regularty throughout the year.
App￿ntMent of tha truste8s is govemed by the Memrandum and Artides of Association. The trustees are
authorised to appoint new trustees lo fill vacancies arising through resignatson or death of an existing trustee. Th8
trustees are appointed both on the basis of the knowledge. experienc8 and skills they can bring lo the role. Th@
trustees have a Wicy for appointment of new tnjstees. Potential new trustees are invited to attend at least one
trustees. meeting before making iheir decision and are provided with copies of the Constitution. minutes of Iruslees.
meetings and the last Iwo sets of accounts.
None of the trustee$ has any beneficial interest in Ihe company. All of the trustees are members of the company and
guarantee to contribute £10 in the evenl of a wirKling up.
The trustees, report was approved by the Board of Trustees.
J H Shlppam
TNstee
Date.,

THE NEWELL CENTRE ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE NEWELL CENTRE ASSOCIATION
I report to the trustees on my examination of the finarrial statements of The Newell Centre Association (the charity)
for th8 y8ar ended 31 March 2024.
Rasponsibllities and bas18 of report
As the trustees of the charity land also its directors for the purposes of company law} you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Art 2006 (the 2006
Act).
Having satisfied myself that the financial statsments of the charity are nol required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial statements ¢arried out under section 145 of the Charities Act 2011 (the 2011 Acll. In carying out my
examination I have followed all Ihe applicable Direcoons glven by the Charity Commission under section 145{5){b)
ofthe 2011 Ad.
Independent examlnerfs statemént
I hav8 compl8t8d my examination. I confimi Ihal no mattets have come to my attention in connection with the
examination giving me cause to believe that in any material resped..
a￿OUnting re￿rdS were not kept in respect of Ihe charity as required by section 386 of the 2006 Act,. or
the financial statements do not accord with those records., or
the financial slatem8nls do not comply with lh8 accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view vthich is not a matter considered as part of an
independent examlnatign,. or
the financial statements have not been pr8pared in accordance wsth the methods and principles of thè
Statement of Recommended Practice for accounting and rèporting by charities applicable to charib'es
Preparing their accounts in accordance with the Finanaal Reporting Stsndard applicable in the UK and
Republic of Ireland (FRS 1021.
I have no concems and h8ve come across no other matters in connection vlith the examination lo which attention
should be drawn in this reFMJrt in order to enable a proper undérstanding of the financial statements to be reached.
Davld Knlght FCA CTA
Carpenler Box Jones Avens
Piper House 4 Dukes Court
Bognor Road
Chichester
Wesl Sussex
P019 8FX
Dated..

THE NEWELL CENTRE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrfcted Unrestricted
fund5
funds
2024
2023
Notes
Income from:
Voluntary income
Charitsble activlties
Other tradin9 activities
Investments
6,497
240
44.725
1,562
6,506
245
40,817
1,137
Total incon
53,024
48,705
Exp•ndlturo on:
Ralsing funds
Charitable activlties
48,797
24,737
44.239
23,135
Total expenditure
73,534
67,374
Net gainsl(losses) on investments
13
15,098
{8,44e)
Net oxpendlture and movoment In funds
15.412)
127,1151
Reconelllatlon of funds:
Fund balances at 1 April 2023
1.238,886
1.266,001
Fund balances at 31 March 2024
1.233,474
1,238,886
The statement of financial activrties includes all gains and losses recognis8d in the year. AJI income and expenditure
derive from continuing activities.

THE NEWELL CENTRE ASSOCIATION
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flxod assets
Tangib16 assets
Investments
15
16
983.942
229,636
984.840
235,460
1,213.578
1,220,300
Curront assets
Debtors
Cash at bank and in hand
18
5,493
18.478
5,590
16,677
23,971
22.267
Crodltorn: amounts falllng du¢ wlthln
one year
19
(4.075)
13.681)
Net current assets
19.896
18,586
Total assets les• current Ilabillliès
1.233.474
1,238,886
Income funds
nreslrict8d funds
General unrestricted funds
Revaluation reserve
254,617
978,857
260,029
978,857
1.233.474
1,238.886
1,233.474
1,238,886
The company is entltled to the exempb'on from the audit requirement contained in s8¢tion 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibiltties for comptying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial stalements for the year in questson
in accordanc8 With section 476.
These financial ststements have been prepared in accordance viith the provisions applicable to companies subject
to the small companies regime.
The finanaal statements were approved by Ihe Tfustees on ....
J H Shippam
Trustee
Company Reglstratlon No. 05995956

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies
Charity Informatlon
The New811 Cgntre Association is a pnvate company limited by guarantee incorporated in England and Wales.
The registored office is The Bassil Shippam Centre, Tozer Way, St Pancras. West Sussex, Chichester, P019
7LG.
1.1 Accounling conventlon
The financial statements have been prepared in accordance with the tharity's Memorandum and Articles of
Association, the Companies Act 2006 and "Accounting armfj Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting
pericwjs commencing from 1 January 2019}. The charity is a Public Benefft Entity as defined by FRS 102,
The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Updat6 8ulletin
I not to prepare a Stst8ment of Cash Fk)ws.
The finenclal statements are prepared in sterling. which 1$ the functional currency of the charity. Monetsry
amounts in these financial statements are rounded to the nearest £.
The financial slatements have been prepared under the historrGg1 cost (tnvenlion, Imodffied to include the
revaluation of freehold properties and to include investrnent properlies and certain financial instrumgnls al fair
valu8]. The pnncipal accounting policies adopted are set out below.
1.2 Golng conrArn
At th8 time of approving the financial 8tatements. the Irustees have a reasonable expectats.on thal the charily
has adequate resources to continue in operational exisience for the foreseeable future. Thus the Iruslees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees In furtherance of their charitable
objectives.
Restricted funds are subject to specific condltions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes trj the financial statements.
1.4 Incomè
Income is recognised when Ihe chanty is legally entitled to il after any performance oinditions have been met,
the amounls &gn be measured reliabty. and li is probabte that income wtll be rtrAived.
Grants are induded in full in the Ststement of FinanGial Activities when receNable.
Investrnent income is included when receNable.
InGoming resources for charitsble trading activity is accounted for when earned.
1.5 Expendlture
Expenditu￿ is accounted for on an accruals basis and has been Classified under headings that aggregate all
osts related to the category.
Costs of generating funds comprise the costs associated with generating rents for the use of the halls and
meeting rooms in the two properties owned by the charity.

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
{Contlnued)
Charilable expenditure c¢Jmpris8S those costs incurred by the dprity in the delivery of its activities and
services for its beneficiarles. It indudes both costs that can be directly allocated to such activities and those
¢osts of an indirect nature lo suppcrt them.
Govemance costs include those costs associated with meetsng the constitutional and statutory requirements
of the charity and indude fees and costs linked io the stratsgi¢ management of the chanty.
1.6 Tanglble fixed assets
Tangible fixed ass8ts are initially m8asured at cost and subsequenty measured at cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of 8SS8ts less their residual values over their
useful lives on the following bases..
Frgehold land and buildings
Fixtures. fittings & equipment
Not depreoated
15% reducing balance basis
The gain or loss arislng on the disposal of an asset is d8temiined as the difference betsve8n the sale proceeds
and the carrying value of the assèl. and is recognised in the statement of financial acts'vities.
1.7 Flxod asset investments
Fixed asset investrnents are initially measured at transaction price excluding transaction costs, arvj are
subsequently measured at fair value at each reporh'ng date. Changes in fair value are recognised in nét
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impalrnient of flxod assots
At each reportlng end date, the tharity reviews the carrylng amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaimienl loss. If any such indication
exists. the recoverable arnount of the asset is 8slimaled in order to determine the extent of the impairnienl
loss (if any). There was no such impainn8nt as at 31 March 2024.
1.9 Cash and cash equlvalents
Cash and cash equivalents inclu¢Je cash in hand, deposits held at call ￿￿th banks. other short-term liquid
Investments with original maturities ot three months or less, and bank overdrafts. Bank overdrafts are sh¢)wn
wlthin borrowings in {￿rrent liabilities.
1.10 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of ils finanaal instruments.
Financial insknuments ar8 recognised in Ihe tharitys balance sheet when the charity becomes paty to the
contractual provisions of the instrumenL
Finanrial assets and liabilits'es are offset, with the nel arrKJunts presented in the financial statements, when
there is a legally enforceab￿ right lo sel off the rec¢Jgnised amounts and there is an intention to selue on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc Ilnancial assets
Basic financtal assets. which include debtors and cash and bank balances, are initially measured al
transacts.on price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transactron, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
dassified as receivable within one year are not arnortised.

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aecounting pollcles
(Continued)
Baslc financlal liabilities
Basic financial liabillties. ir￿luding creditors and bank loans are initially recognlsed at transactÉon 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. Finan¢ial liabilities dassrfied as payable
wilhin one year are not amortised.
Debt instruments are subsequently carried at amortiS8d cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services thal have been acquired in the ordinary course of
operations from suppliers. Amounts payable are ¢lassffied as current liabilits'es 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 subsequenuy measured at amrtised cost using the effective interesl method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilitses are derecognisod when the charlty's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cosl of any unused holiday entitlement is reco9nised in th8 period in whith the employee's servlces ar8
r￿e1ved.
Temlnation benefts are re￿nised immediately as an expense when the charity is demonstrably committed
to temiinate the employment of an empk>yee or to provide temination benefits.
1.12 Retlrement beneflts
Payments lo defined contribulion rets'rement benefit schemes are charged as an expense as they fall due.
Crltlcal accountlng estlmats8 and Judgements
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on hislorical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
Th8 estimates and underlying assumptions are reviewed on an ongoing basis. Revistons to accounting
estimates are re¢ognised In the peric¥J in which the estimate is revised Whe￿ the revision affects only that
period. or In th8 period of the revision and future perio(Is where the revision affects both current and future
periods.
Income from voluirtary Incomo
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Oonalions and gifts
6,497
6,506
Induded wilhin Donations and gifts is £3.600 (2023: £3.600) received from Ihe Bassil Shippam & Alsford
Charitable Trust.

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Membership joining fees & subscriptions
240
245
Income from other tradlng actlvltles
Unrestricted Unrestrlcted
funds
funds
2024
2023
Funds ralsed from lettlngs
44,725
40,817
In¢om• from Invwdtments
Unrnstrictod Unrèstrl¢tod
funds
funds
2024
2023
Ino)me from listed lnveStff￿nts
Interest receivable
1,348
214
1,100
37
1,582
1.137
Expèndkuro on ralslng funds
Unrestrfcted Unrestricted
funds
funds
2024
2023
Management of lettlng8
Advertssing
Other fundraising costs
Staff costs
Depreaation and impairment
30
29.529
11.464
792
34.389
11,464
674
46,527
41.815
Investment management
2.270
2.424
Total costs
48,797
44,239

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitsble activities
2024
2023
Staff ¢osts
Depreciation and impaiment
Meeting refreshments and enlertainment
Water rates and rubbish ￿lleCtIOn
Insurance
Llght and h8at
Cleaning
Repairs and maint8nance
Printing, poslage and stationary
Telephone
Llcenses
Gardening
Bookkeeping and accountancy
9,973
224
1,704
374
1,270
1,434
1,852
2,879
138
165
187
210
2,952
9.973
1,824
486
1,475
1,413
1,707
1,311
87
157
45
210
2,952
23,362
21,904
Share of govemance costs (see note 9)
1,375
1.231
24,737
23,135
Support ¢osts allocated to actlvlll•s
2024
2023
Govemance costs
1.375
1.231
Analysod between:
Charitable a¢tivtties
1.375
1.231
10 Net movement In funds
2024
2023
The nel movement in funds is stated after ChargIn￿(Crediting).
Fees payable for the independent examination of the charity's fina￿181
stslemenls
Depreciation of owned tsngible fixed assets
1.362
898
1,218
1,056
11 Truste•$
None of the truslees (or any persons connerted with them) received any r8munerats.on or benefits from the
charity during the year.
10-

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Employees
Number ol émployees
The average monthly number of empbyees during the year was-
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salanes
Other pensron costs
30,900
463
28,794
413
31,363
29.207
13 Not galnsl(lo$s•s) on Investments
Unrnstrlcted Un￿SInGted
funds
funds
2024
2023
Revaluation of inv8Stments
Gainl{10s8) on sale of investments
15,033
65
18,4661
20
15.098
18,446>
14 Taxation
The charfty is exempt from tax on income and gains falling ¥￿thin section 505 of the Taxes Act 1988 or seclion
252 of th8 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Tangible flxed assets
Fr•¢hold laftd
•nd bulldings
Flxtur95.
fittings &
equtpment
Total
Cost
At 1 April 2023
978.857
26,679 1.005,536
Al 31 March 2024
978,857
26,679 1,005,536
Depre¢latlon and Impaimiont
At 1 Aprfl 2023
Depreciation charged in the year
20,696
898
20,696
898
At 31 March 2024
21,594
21,594
Carrylng amount
At 31 March 2024
978.857
5,085
983,942
Al 31 March 2023
978,857
5,983
984,840
Freehold Investment properties wère revalued on an open market basis on 29 January 2008 by the Ghanly's
insurers, Aviva. The historic cost and arxumulaled depreciats'on of those properties is £nil.
16 Flxed a88Ot Investment8
Old Mutual
Wealth
Cost or valuallon
At 1 April 2023
Additions
Add net galn on revaluation
Disposals
235.460
1,348
36,532
(43,704)
At 31 March 2024
229,636
Carrylng amount
At 31 March 2024
229,636
At 31 March 2023
235,460
17 Flnanclal inslruments
2024
2023
Carrying amount of financial assets
Instruments measured at fair value through profft or loss
229.636
235.460
12-

THE NEWELL CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Debtors
2024
2023
Arnounts falling due wlthin one year.
Trade debtors
Prepayments and accrued incKJme
1,820
3,673
693
4.897
5,493
5,590
19 Creditors: amounts falllng due wtthln one year
2024
2023
Other laxation and social security
Trade creditors
Other creditors
Accruals and deferred income
514
1.257
350
1,954
507
1.094
570
1,510
4,075
3.681
13-