REGISTERED COMPANY NUMBER: 06809593 (England and Wale51
REGISTERED CHARITY NUMBER: 1128541
Report of the Trustees and
Financial Statements for the Year Ended 31 Marth 2023
Newstarts

Newstarts
Contents of the Financial Statements
for the year ended 31 March 2023
Page
Report of the Trustee5
Independent Examiner's Report
13
Ststement of Financial Activities
14
Balance Sheet
15
Ststement of Cashflows
16
Notes to the Financial Statements
17

Newstarts IRe8iStered number: 06809593)
Report of the Trustees Ilncludlng Directors, Report)
for the year ended 31 March 2023
The trustees who are also directors of the charity forthe purposes of the Companles Act 2006, presenttheir
report with the financial statements of the charity for the year ended 31 M3rch 2023. The trustees have
adopted the provisions of Accounting and Reporting by Charitie5: Statement of Recommended Practi
pplicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. The Trustees confirm that
they have complied with the duty In Section 4 of the Charities Art 2011 to have due regard to public benefit
guidance by the Charity Commission in delivering the activities undertaken by the Charity.
OBJEcfivES AND AcnvmES
Pur
ose and charitable ob'ects
To alleviate poverty through providing practical help to families and vulnerable people and ac￿55 to free and
discounted household items
To assist in the resettlement of homele55 and other vulnerable people who are In need, hardship or distress
through offering support and advice and opportunities for learnin8 and work experience.
To relieve poverty and protert and preserve the environment for the public beneftt by promoting and enabling
the reuse of unwanted household goods.
The aims of the charity are to reduce and prevent both poverty and homelessne55 and to reduce the effect of landfill
on the environment, encourdging local people to participate in the work, whether that IS through donations of
furnitu￿ andlor funds and through volunteerin8 in one of the many role5 available. Our aims fully reflect the
purposes that the charity was set up to further.
Vision
NewStart5' vision is to see individuals 3chleving their full potential. where homelessness, poverty, debt and
environmental damage become thin8s of the past, and where community challenges are solved by the local
community.
nificant activitie5
In 2022123 we spent £499,481 (excludes depreclatlonl on charitable attivities in the following ways:
- Emergency Interyention- providing emergency food and free furniture
92%
- Support costs
-Fundraising costs
Ensurin
our work delivers our aims
We review our aims, objectives and artivities each year. Thi5 review looks at what we achieved and the
outcomes of our work in the previous 12 months. The review looks 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 review also helps us
ensure our aims, objertives and activities remain focused on ourstated purposes. We have ￿erred to the
Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in
planning our future activitie5. In particular, the Trustee5 consider how planned activitie5 will contribute to
the aims and objertives they have set.

Newstarts IReglstered number: 068095931
Report ofthe Trustees (includlTrg Dlrectorf Report)
for the year ended 31 March 2023
The focus of our work
Our main objectives for the year contlnued to be the redurtion and prevention of homelessness and
poverty and protection of the environment. Although the effert5 of the COVID-19 pandemic have been
reducing, there are still some resiilual ramifications that have affected our work over this past year. In
addition, we have, in the last six months of the year, seen the increaslng pressures on families and
individuals brought about by the cost-of-living crisis.
Provlding a range of services through ourfurntture and IT re-use social enterprises
Providing emergency help through signposting and emergency food provision
Working in partnership with other agencles to ensure that individuals and families are able to
access the services that best match their needs.
Providing free and affordable fumiture to those m05t in need
Providing debt and money advice in partnership with Community Money Advice
Providing a communty hub in New Frankley
How our activitie5 deliver
ublic benefit
Our main artivities and who we try to help are descrlbed below. All our charitable activities focus on the
reduction and prevention of homelessness, poverty and the environmental impact of landfill and are
unilertaken to furcher our charitable purposes for the public benefit. Our activities are delivered from our
headquarters in Bromsgrove. our satellite site in New Frankley. south-west Birniingham. orfrom a partner
site.
Who used and benefltèd from our services
Our objects and some of our fundinB limit the services we provide to the residents in wor￿sterShire,
Birmingham, Warwickshire and other areas. The continuing effects of the COVID-19 pandemic and the
increasing pressure brought about by the cost-of-living crisis meant that whilst our provision of free
furniture ￿tUrned to pre-covid levels. the number of food parcels remained signlficantly above pre-
pandemic levels and we continued to provide 7-day food parcels. All of our referral services are provided
free of charge to the recipients.
Equal access to our services is an important issue for us. We believe equal access is vitsl and that successful
outcomes must be shared by all communities that use our services. We currently monitor those accessing
our seNices by gender, disability and ethnicity- Overthe next year we will be using the information we
gather to develop marketing and fundralsing strategies.
The impact of ourwork Boes beyond both those dirertly helped and the physical provtsion of furniture
andlor food. Both our own research and that of others tdentifies the impact of furniture poverty on life
chances. revealing that not only physical needs are met. but for many mental health is improved by the
provision of furniture, enabling individuals and families to plan for the future.

Newstarts (Registered number: 068095931
Report of the Trustees (Includln8 Dirertorf Reportl
forthe year ended 31 March 2023
Furniture Bank
The furniture bank provides a r3nge of pr&loved household items at no cost. to individuals and families
that have no other way of furnishing their homes. either as a new tenant or indeed if they are an existing
tenant.
In 2022123 we provided 334 households with household items, an increase of 128162%) on the previous
year. This is much nearer pre-pandemic levels.
The bar charts below show the breakdown of referrals, with Fig I showing the distribution of furnlture
provision in rjumbers a¢ros5 north Worcestershire and Birmingham, and Fig 2 showing the distribution by
provision in weight of goods provided across north WOr￿StershIre and Birmingham. The referrals provided
to north Worcestershire ￿SidentS tend to be much larger than those provided to Birmingham ￿sIdentS and
will often comprise sufficient fumiture to furnish a three-bedroomed house.
-A of referrals.
IRMINtsHAM
a3
WORcÈ>fERSHIRE
67
io
30
40
50
60
70
Weight of goods provided {%)
BIRMINGHAM
BFrni1ki¥hU￿ 28
woItCESTERSHIRE
72
io
20
30
40
60
70
80
82

Newstarts IRegistered number: 068095931
Report of the Tru#ees Oncludlng Dlrettorg Report)
forthe year ended 31 March 2023
Food
a￿15
During 2022123 the food bank provided 2,551 food parcels, an Inc￿aSe on the prevlous year of 7%11681
and the equivalent of 127.449 meals. The increase this year has been caused by the challenges individuals
and families face during the cost-of-livin8 crisis. We have continued to
provide fresh items, and our parcels have continued to be for seven days. We
remain gTateful to all the funders, businesses and individuals who have made
this possible.
In late spring of 2023. we are aiming to open up a community supemiarket,
whlch will be pay-as-you-feel and will start with rescued fruit anil vegetables.
This will be operating from our Bromsgrove slte.
Uniform Bank
Towards the end of 21122 we started a unifom) banK stocked from ttems
donated to us during the pandemic. The bank has been widely used over the past year and we are now
thinking of ways in which we can encourage more people to use the facillty, notjust as a poverty relief, but
a150 as an environmental project. We are hoping that over the 23 summer holidays the bank will be opened
up once a week as a swap shop.
Social Enter
rise
Newstarts operates three social enterprise5. Two of these sell pre-loved ￿rnitUre at affor(lable pri￿$, one
operates from our headquarters in Bromsgrove, Worcestershire and the other from OLtr satellite site in New
Frankley. Birmingham. In this last yearthe income from these two social enterprises, including collection
donations and house clearances, amounted to 36% of our overall income. The sales at Bromsgrove were
some of the best achieved, especially at the Bromsgrove site. We have fornied sorrhe great new
partnerships, including being able to provide almost new mattresses. sofas. chairs and brand-new whtte
good5. We believe these will add to our offer and whilst more expensive than our pre-loved stock. still
provide some discount when compared to other retail outlets.
Our third social enterprise involves the refurbishing and selling of computers. These are wllected from
variety of 50urce5 and our team are then able to refurbish them so that they Can be sold on at affordable
prices. Many a￿ needed for Eow-income familie5 to gain entry to employment opportunities. This work
produced an additional 3% ot our income in 22123. This year ha5 been a transitronal one for this project,
with a move away from high levels of refurbishment to more repairs and servicln8. Although this keeps the
technician5 busy. it is, in general, a lower yield in terms of finance. We have been realFy pleased this year to
rekindle our relationship with the Heart of WOr￿SterShIre college ar5d have been able to accommodate a
level 2 student and two T-Level students in this team.
Addftionally, we have this year received some rent from the Community Hub at 4 Arden Road. Although
onty a small amounL it has shown us that we are able to achieve some income from the site.
Towards the end of the year we jolned the Charity Retail Gift Card scheme which we hope wlll open up
further opportunitles and encourage people to think of us at birthdays and Christmas when gift cards are
traditionally given.

NewSt¥ts (Reglstered number: 06809593)
Report of the Trustees {Includlng DIrert0￿ Report)
lor the year ended 31 March 2023
Volunteerin
We are pleased that a number of our pre-pandemic volunteers have been able to return to working with LFS
and we have welcomed a number of new volunteers. Over the past year we have engaged with almost 64
volunteers. This is still below our pre-pandemic levels; however we have changed our processes in order to
make it easier for staff to book individuals into introdurtion and induction sessions that a￿ provided every
week. This system often sees four or five volunteers joining us. We have just finished the audlt for the
Investors in Volunteers quality mark and wait with baited breath on the resulL
Envlronmental Im act
We are pleased to Say that in 2022123 we diverted 132 tonnes of household items from, a saving of 44.4
tonnes of C02 emissions. We are currently working on the calculations to understand our own carbon
footprint and will be working towards ensuring that we are at least carbon neutral over the nexr few years.
We have also just embarked on becoming an Approved Re-use Centre IARCI, which will benefit Us and our
users.
132 tonnes
44.4 tonnes
Communi
We continue to provlde three newish projects within our communities and we have new projerts coming
on board.
No4-The New Frankley Community Hub.
The Communty Hub became a space forfamilies and individuals over the winter where they coul
keep warrn. This had led to a group of families starting a craft ply'n. stay and another group
starting a small community garden in the back yard. In additlon. we have ￿centlY welcomed the
local food pantry into the space and a diabetes self-support gmup called Cuppa Squad.
Money and Debt Advice- our money advisors have helped over 20 people in the last year. Some of
these individuals have been carrying debt for many years, whi15t others just needed help with
managing their money in a more organised fashion. The team, themselves, continue to learn and a
new team memberloined in January.
Community Builders- our community builders have continued to work in their respective
communities. and we were pleased when Worcestershire County Council agreed to an extension to
the work. We also decided toward the end of the yearto move one of the community builder5 from
Catshill to Sidemoor. A number of groups have been started with the support of the community
builders and lives have been really impacted.

Newstarts {Re8lstered number: 06809593)
Report of the Trustees (including DIrectO￿ Report)
for the year ended 31 Ma￿h 2023
Risks and Uncertainties
The key risks and uncertainties that Newstarts faces a￿..
To have sufficient income to maintain serVI￿S provided to the community.
Responding to the Increasing need for the services.
The Board of Trustees malntains an organisatlonal risk ￿81Ster which identifies the rlsks and provides
rnitigatSon to reduce the likelihood and impact of the risks identtfie(l.
The Board of Trijstees Is developing a robust financial strategy supported by a digital strategy to ensure
that suflicient income is available to maintain services. In addition. expenditure is monitored on a monthly
basis to ensure that best value for money is achieved.
The increases in food costs. utility costs and vehlcle fuel costs all have an impact not only on our C￿r￿nt
clients, but also on the wider community. Those who have never before faced financial hardship may now
find themselves in a difficult financial p051tion.
Future Plans
The Board of Trustees contlnue to work closely wtth the Executive team and volunteers to identify how
services can be impmved and which new services and opportunities Newstarts may be able to develop. Our
future plans include developing the community supermarket, wwth the possibility of finding an independent
site, sharing our knowledge with others through the attendance at conferences and exhibition5, leading on
a Poverty Truth Commission for Bromsgrove and finding new ways in whlch we can work with our
community

Newstsrts (Registered numbw: 068095931
Report of the Trustees Ilncluding Dirertors. Report)
for the year ended 31 March 2023
FINANCIAL REVIEW
OVERVIEW
Income
Operating activities: our main operating income li.e. before grants and donations) Increased by Il% on last
yearto reach £242,50712022: £217,970). This income is vital in helping to off-setoijr ever-increasing runnin8
Costs a5 we continue to expand our activities in countering poverty.
Donations and Legacies: this vital incomesource increased by 21% in 22123 to £311,762. This was due mainty
to successful applications to National Lottery and Julia and Harhs Rausin8 and the ￿ndS raised to purthase a
new van.
Ex
enditure
Our costs increased by £44.173 to £507,197. Thi5 increase wa5 caused by signiflcant increases in the cost of
fuel for the vans. food for the foodbank and increases in mortgage cost5, along with increased volumes of
activity.
Year End Outcome
The net effect of income ovÈr expenditts￿ resulted In our incurrlng a net surplu5 of £47.072 for the year
12022= surplus £11.7691.
Cash Flow
In cash flow term5 our balance at 31 March 2023 was £220.05912022.' £202,838). The Increase is mainly due
to the increased cashflow from operatlng attivitles less the purchases of a new vehicle.

Newstarts {Re8istered number: 068095931
Report of the Trustee5 (including DIrert0￿ Report)
forthe year ended 31 March 2023
Princi
I fundin
sources
Newstarts, business model Is a social enterprise charitable company that receives funding from various
sources. The main funding categories shown in Fig 3 totalling £554.269 are:
Principal Funding Sources
GRANTS
54%
SALES
38%
SLA
DELIVERY& COLLECTION5
L414DFILLCREDITS
Fig3
Prin
alex
enditure
The main categories of expenditure. shown in Fig 4 totalling £499,481 (excluding depreciation) are:
Principal Expenditure
SAL4RIES
52%
OTHER OVERHEADS
25%
PREMISES
12%
RA15114G FUNDS
4%
TRANSPORT& WAREHOUSE
VOLUNTEER LUP4CHES & FOOD BANK
3%
I¢M 2cr* 3(￿ 4￿6 5(P
Fig4

Newstarts (Registered number: 068095931
Report of the Trustees (induding Directorf Report)
for the year ended 31 March 2023
Donations and Le
ac¢es
These amounted to £311.76212022: £256.8231 from the followin8 sources-.
Bromsgrove District Council
JH Rausling Trust
National Lottery Partnership
Peoples, Posttode Lottery
Awards for All
Eveson
Albert Hunt- Arnold Clark, Aviva; BARN: Beatri￿ Lang Trust. Cadbury Charitable Trust,. DMP Ellis,.
Evenson Charitable Trust- George Henry Collins,. GW Turner,. Grimley Charity. Grimmitt Trust.
Groundwork U[ Heart of England: J Hopklns & HI Sawyer- Lasletts- lord Barnaby Foundation- Lord Austin
Trust- Mitchell Marsh. The SMB Charitable Trust. Worcestershire Community Fund: 29 May 1961
Charitable Trust:
Other donations from private individuats, churches, fundraising events and other or8anisations.
Please a15Q See Note 18 for further detail5.
Restrirted income and ex
nditure
Induded in the above note"Donations and Legacies" a￿ certain grants and funding that come to Newstarts
with restrictions as to their use, amounting to £286,293 12022.. £222,860). Newstarts does not have
discretion over how restricted funds are used other than for the nominated purpose.
A total of £211,04912022: £235,754) was spent as restritted expenditure with a restritted fund balance of
£215,418 being carried forward to next year. Major restricted expenditures in the year were111 purchase of
food for our emergency food service121 salaries
vestment 11
Most of the charrty's cash ￿sOUrceS a￿ spent on a short-term basis. This means that Newstarts is not able
to pla￿ Cash on interest earning deposits without unacceptable Trotl￿ periods or unavoidably low interest
rates. The charity continues to review its Investment policies so as to ensure that as far as possible it
maximises Its cash posltlon.
Reserves
The Trustees have maintained their policy whereby the unrestritted funds held by the charity should aim to
cover up to 3 months, operating expenditrjre. A5 our unrestricted reserves as of March 2023 were £37,657
12022.. £65,880), which is still short of this target, we are at present likely to remain below our required
reserve levels. Accordingly, the longer-term str3teEY 15 to continue to build ￿serveS wheneverthis is
possible. Restricted ￿serveS were £215,41812022: £140.1231. Further detai15 are provlded in Note 18.

Newstarts (Registered number: 068095951
Report of the Trustees (including Directors, Report)
for the year ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance and mana
ement
Newstarts 15 an independent charity. registered on 8 March 2009, having been incorporated as a limited
company by guarantee on 4 February 2009. It cornmenced trading in this format on l April 2(X)9 Icharity
registration riumber 11285411. The charity is controlled by its governing document. Memorandum and
Articles of Association.
Recruitment a
ointment and indurtion of new trustees
The Board of Trustees may at any time appoint persons willin8 to act as Trustee, and Trustees are
normally drawn from experienced charitable or business backgrounds. The induction of new Trustees is
conducted on a one-to-one basis. Any training needs are identified, and input is scheduled a5 soon as
appropriate.
Declsion makin
The trustees delegate day to day management of the charity to M Kenyon Ithe chief executive) and
relevant staff who are accountable to the Trustees.
Res
onsibilities of trustees
Trustee5 are expected to take a c105e Inte￿5t in the operations and outcomes of the charity, and to meet
regularly to review the business of the charity. The main responsibilities of the board of Trustees are:
To ensure the charity is carrying out tt5 purposes for the public benefit
To compEy with the charitys governing document and the law
To act in charity's best interest5
To manage the charity'5 resource5 responsibly
To act with reasonable care and skill
To ensure accountability within the charity, as well as when responsibllity is delegated to staff or
volunteers
To comply with the Statutory Accounting and Reporting requirements
io

Newstarts (Reglstered nurnber: 06809593)
Report of the Trustees lincluding Dlrectors, Report}
for the year ended 31 March 2023
REFEREN￿ AND ADMINISTRATIVE DEfAILS
Registered Company number
06809593 (England and Wales)
Registered Charity number
1128541
ReEi5tered office
I Sherwood Road
Aston Fields
Bromsgrove
Worcestershire
B603DR
Trustees
Stuart Hood (resigned 17.04.231
Sarah Reece-mills
lan Jones
Matt Bonham
Therese Down
Susan Burton ts'olned 18.10.221
Key Personnel
Marion Kenyon- Chief Executive Officer
Andrew Pain- HR & Development Manager Iresigned 31.03.23)
Independent Examiner
It Doesn't Have to Cost the Earth Ltd
47 St Dunstan5 Close
Worcester
WR5 2AJ
50licitors
Thomas Horton LLP
Strand House
70 The Strand
Bromsgrove
Accountants
Be Buoyant Ltd
Reinsbrook
Sambourne Park
Sambourne
B96 6PE
Bankers
Barclays Bank
118 High Street
Bromsgrove
Worcestershire
B618ET
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2(K)6
relating to small companies.
li

Newstarts {ReBiStered number: 068095931
Report of the Trustees lindudlng Directors, Report}
for the year ended 31 March 2023
Statement of trustee< responsiblllties
The trustees, who are also the directors of Newstarts for the purpose of company law, are responsible
for preparing the Annual Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 charity and of the incoming resources and application of resources,
Induding the income and expenditure. of the charitable company for that year.
In preparing these financial statement5. the Trustees are required to:
select suitable accounting policies and then apply them consistentlv-
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subjett to any materlal
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply
with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on I September 2023 signed on its behalf by:
lan Jones
Trustee
12

Independent Exarninerfs Report to the Trustee5 of Newstarts Charitable Company for the year ended 31
Mar¢h 2023
I report to the trustee5 on my examination of the account5 of Newstarts {"the CompanWI for the year ended 31
March 2023 which are set outon pages 14 to 32.
Responsibilities and basis of report
As the charity trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in actordance with the requirements of the Companies Act
20061'the 2006 ACYI.
Having satisfied myself that the accounts of the Company are not ￿qUired to be audited under Part 16 of the
2006 Att and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 20111'the 2011 Art'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515llbl of the
2011 Act.
Independent examlnerf5 Statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confim) that l am qualified to undertake the examination because l am a member
of the Chartered Institute of Management Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe..
accounting records were not kept In respect of the Company as required by section 386 of the 2006 Act. or
the accounts do not accord with those records- or
the accounts do not comply with the applicable requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an
independent examination- or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reportlng by charities applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021-
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed:
Teresa Fennell, ACMA CGMA
It Doesn't Have to Cost the Earth Ltd. 47 St Dunstan'5 Close. Worcester. WR5 2
Date: 13th September 2023
13

Newstarts
Statement of Financial Activities
(incorporating gn Income and ExpeDditure Account)
for the year ended 31 March 2023
Unrestricted Restricted
2023
2023
Note
TOTAL Unrestricted Restricted
2023
2022
2022
TOTAL
2022
INCOME FROM:
Donations and legacie5
Charitable activities
25,469
286.293
311,762
241,012
33.963
222.860
256.823
217.970
241,012
1.495
217,970
Other income
1,495
TOTAL INCOME
267.976
286,293
554,269
251,933
222,860
474,793
EXPENDITURE ON:
Raising funds
Charitable activities
1,670
18.782
20,452
486.745
17,076
19,680
294,478
192,267
224,666
218,678
443,344
TOTAL EXPENDITURE
296,148
211.049
507,197
227.270
235,754
463,024
{EXPENDITURE)IINCOME
128.172)
75,244
47,072
24.663
112,894)
11.769
Transfer between funds
{51)
51
iioi
io
N￿MovEMENTIN FUNDS
(28.223)
75,295
47,072
24.653
112,884)
11.769
FurKI balances brought forward
65,880
140,123
206.003
41,227
153,007
194,234
TOTAL FUNDS CARRIED FORWARD
37,657
215.418
253,075
65,880
140.123
206,003
The statement of financial actlvtties includes all gains and losses recognised during the year
All income and expendtture derive from continuing activfcies.
14

Newstarts (Registered number.. 06809593)
Balance Sheet
As at 31 March 2023
Notes
2023
2022
FIXED ASSETS
Tongible assets
io
365.778
350,700
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand
2,597
17,204
220,059
li
15,083
202,838
239.860
217,921
CREDITORS . amounts falling due
within one year
12
129,579)
130,2591
CURRENT ASSETS
210,281
187,662
TOTAL ASSEtS LESS CURREf4T LIABILITIES
576,059
538,362
CREDITORS . amounts falli
due after one year
13
1322,984)
1332,3591
253.075
206,003
FUNDS
Unrestricted
Restricted
37,657
215,418
18
65,880
140.123
TOTAL FUNDS
253,075
206,003
The company was entrtled to exemption from audit under $477 of the Companie5 Act 2006 relating to small
companies but as this company is a charty, it is subject to independent examination underthe Charities Act 2011.
The members have not require(I the company to obtain an audit in accordance wtth section 476 of the Companies
Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with
respett to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the
small companies regime and in accordance with SORP FRSIO2.
The financial statements were approved and authori5ed for issue by the Board on Is*&￿m￿￿ k)Snd signed
on its behalf by..
Trnstee
Trustee
I ANJ
15

Newstarts
Ststemellt of Cashflows
for the year ended 31 March 2023
Notes
2023
2022
CASH INFLOW FROM OPERATING ACTIVITIES
16
72,965
27,045
CASH OUTFLOW FROM INVESTING ACTIVITIES
Payment to acquire tangible f ixed assets
122.794)
CASH OUTFLOWS FROM FINANCING AcfiviTIES
Bank loan repayment
Bank irrterest paid
111,054)
121.896)
155,744)
112,2051
119,6961
NEf CASH OUTFLOW FROM INVESTING ACTIVITIES
131.9011
NET INCREASEI{DECREASEI IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS ATTHE START OF PERIOD
CASH AND CASH EQUIVALENTS ATTHE END OF PERIOD
17,221
14.8561
202,838
207,694
220,059
202038
CASH AND CASH EQUIVALENTS CONSISTS OF:
Cash at bank and in hand
220,059
202.838
16

Newstarts
Notes to the fin*neial statements
for the year epjded 31 March 2023
ACCOUNTING POLICIES
Basis of Preparfng Financtal Statements
The charity constitutes a public benefit entity as defined by FRS 102. The financial Statements have been
prepared in accordance with 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 i55ued in October 2019 ISORP FRS1021, the Financial Reporting
Standard applicable in the United fingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the
Companies Act 2006 and UK Generally Accepted Accounting Practice that Is SORP FRSIO2.
The financial statement5 are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are prepared in sterling which is the
funttional currency of the charity.
The significant accounting policie5 applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unles5 Otherwise stated.
Funds
Unrestricted funds are available for use at the di5cretlon of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds a￿ funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such
funds are charged against the specific fund. The aim and use of each Significant restrlcted fund is set out in
the notes to the financial statements.
Income recognitlon
All incoming resource5 are included in the Statement of Financial Activitie5 ISOFAI when the charity is legally
entitled to the income after any performance conditions have been met. the amount can be measured
reliably and it is probable that the income will be received. The following specific polices apply..
(al Voluntary income by way of donations and grants is included in full in the Statement of Financial Activities
when tt is receivable.
Ibl Items donated and sold through the charity's shop are included as incoming resources within actmties for
generating funds when they are sold.
No amount is included in the financial statements for volunteer time in line wlth the SORP IFRS 1021. Further
detail is Riven in the Trustees, Annual ReDOrt.
17

Newstarts
Notes to the fiDanci*I statements
for the year ended 31 Mareh 2023
ACCOUNTING POLICIES Icontinuedl
ExpendÈture recognition
Liabiltties are recognised as expenditure as soon as the￿ is a legal or constructive obligation committing the
charity to that expenditure, it 15 probable that a transfer of economic benef its will be required in settlement
and the amount of the obligation can be meaSU￿d reliably- Expenditure is accounted for on an accruals basis
and has been classified under headings that aggregate all costs 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 of the resources.
Governance Costs
Governance costs irKlude those costs associated with meetingthe constitLrtional and statLrtory requirements
of the charity.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by
the SORP FRS102 or FRS 102.
Tangible flxed assets
Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and
accumulated impaimient losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.
Depreciation is provided on all tsngible fixed assets, at rates calculated to write off the cost, le55 estimated
residual value, of each asset on a systematic basis over it5 expected useful life as follows:
Freehold land is not depreciated
Freehold buildings
2% on cost
Improvement to property
20% on cost
Plant & Machinery
33% on cost
Motor Vehicles
33% on cost
Computer Equipment
33% on c05t
The minimum thresholds for capltalisation are:
Land, Buildings and Improvements- £5,000
Plant and Machinery. Motor Vehicles and Computer Equipment- £i.000
18

Newstarts
Notes to the finathcigl statements
ror the year eDded 31 March 2023
ACCOUNTING POLICIES {continuedl
Impalrnient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists. the recoverable amount of the asset. or the asset's cash
generating unit, is estimated and compared to the carrying amount. Where the carryirE amount exceeds its
recoverable amount, an impairment loss is recognised in the SOFA unless the asset is carried at a revalued
amount where the impairmerrt loss is a revaluation decrease.
PensTon costs and other post ￿tIrement benefits
The charity operates a defined contribution pension scheme. Contribution5 payable to the pension scheme
are charged to the Statement of Financial Attivities in the period to which they relate.
Tax
The charity is exempt from corporation tax on its charitable activities. It is also relieved from VAT
registration on its sale of goo(ts, as all such sales are based on goods freely donated.
Debtors and Creditors
Debtors are measured at the undiscounted amount of cash receivable.
Creditors are measured at the undiscounted amount of cash payable.
Crltlcal accounting estimate5 and judgements
In the applicatiorTr of the charitable company's accounting policies, the Trustees are required to make
judgements, estimates and assumptions abo￿ the carrying value of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical evidence
and experience and other factors that are considered to be relevant. Actual resu5ts may differ from these
estimates.
The estlmates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recoEnised in the period in which the estimate is revised where the ￿vIsion affect5 only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Going concem
The financial statements have been prepared on a going concern basis as the Trustees believe that no
material uncertainties exist. The Trustees have considered the level of funds held and the expected level of
income and expenditure for 12 months from authori5ing these financlal statements. The budgeted income
and expenditure is sufficient with the level of reserves for the charty to be able to continue as a going
concern.
19

Newstarts
Iyotes to the financial stgtements
for the ye9r ended 31 March 2023
DONATIONS AND LEGACIES
Unrestricted Restricted
2023
2023
TOTAL Unrestricted Restricted
2023
2022
2022
TOTAL
2022
Donations
Grants
25,268
201
34,268
277.494
18,304
15,659
1,020
221.840
19,324
237,499
277.293
25,469
286,293
311,762
33,963
222,860
256,823
Analysis of Government grants included above:
HMRC CJRS
Award5 for All Lottery
Bromsgrove District Council
National Lottery Partnership
474
474
iO,OOD
99.594
30,000
iO,OOD
99.594
84.464
84.464
139.594
139.594
474
84.464
84.938
CHARITABLE ACTIVITIES
Unrestricted Restricted
2023
2023
TOTAL Unrestricted Restricted
2023
2022
2022
TOTAL
2022
Display room income
Landfill re-use credits
IT income
Collection & delivery donatiorss
se￿iCe level agreements
Gift aid tax
186,641
6,756
17.350
10,265
20,IY)O
186,641
6.756
17,350
10,265
20,OfJ)
154.117
6.081
26.354
9,579
20.000
1.839
154,117
6,081
26.354
9,579
20,000
1,839
241,012
241,0
217,970
217.970
20

Newstarts
Notes to the financial ststements
for the year ended 31 March 2023
RAISING FUNDS
Unrestricted Restricted
2023
2023
TOTAL Unrestricted Restricted
2023
2022
2022
TOTAL
2022
Basis of
Allocation
Staff Costs
Overheads
Time based
Usage
1.501
169
16,868
1,914
18,369
2,083
2,395
209
15,705
1.371
18,100
1,580
Support Costs
1.670
18,782
20.452
2,604
17,076
19,680
CHARITABLE ACTIVITIES
Basi5 of
AllocatK>n
Total
2023
Total
2022
Note
Staff costs
P￿rniSes
Office costs
Repairs and maintenance
Provision of welfare
Motor and travel
Professional & Insurance
Advert15ing
Waste disposal
Othercosts
Bank interest
Depreciation
Time based
Usage
Usage
Direct
Direct
Direct
Usage
Direct
Direct
Direct
Usage
Usage
253,059
34,788
11.560
14,581
89,265
24,818
15,637
6,132
4,659
2,342
21.896
7.407
219,137
26,836
11,211
11,832
98.430
21.638
14.059
2.529
6,313
2,118
19,696
8,951
486,145
61XI
442,750
594
Govemance costs
Direct
TOTAL EXPENDITURE
486.745
443,344
Unrestricted funds
Restricted fund5
294,478
192,267
224,666
218,678
486,745
443,344
21

Newstarts
Iyotes to the finaocial statements
for the year ended 31 March 2023
INCOMEIIEXPENDITUREI
Net incomellexpenditure) is stated after charging
2023
2022
Depreclation- owned
asset5
7,716
8,951
Included within..
Raising Funds
Charitable Activities
Note 4
Note 5
309
7.407
8,951
7,716
8,951
FEES FOR EXAMINATION OFTHE ACCOUNTS
Independent examination for the year was £60012022: £594I-
TRUSTEES, REMUNERATION AND EXPENSES
The trustees neither received nor waived any remunerdtion during the year12022: £Nill.
The trustees did not have any personal expenses reimbursed duringthe year12022: £NIII
The trustees have indemnity cover.
22

Newstarts
Notes to the financiAI statsments
for the year ended 31 March 2023
srAFF COSTS AND KEY MANAGEMENT PERSONNEL
2023
2022
Notes
Wages and salarie5
Social security costs
Pension costs
251,717
12,746
6,965
220,424
10,592
6,221
271,428
237,237
Included within".
Raising Funds
Charitable Activlties
Note 4
Note 5
18.369
253.059
18.1(M)
219.137
271.428
237,237
2023
Number
2022
Number
The average number of employees during the yearwas as follows-
Chief Executive
Staff managers
Operational and administrative staff
io
16
14
No employee received total employee benefits (excluding employer pension costs) of more than £60.CKJO.
The charity operates a defined contribution plan for the benefit of tts employees.
During the year the total paid to key management was £58.58112022'. £59,702)
23

Newstarts
NotLg trj tbe fiDancial statements
for the yexr ended 31 March 21123
10. TANGIBLE FIXED ASSETS
Freehold Improvements Plant &
Motor
Property to Property Machinery Vehicles
Computer
Equipment
Total
Cost '.
At l April 2022
Additions
Disposals
387,127
13,620
15.203
38,925
22,794
4,203
459,078
22,794
At 31 March 2023
387,127
13.620
15.203
61,719
4.203
481,872
Depreciation .
At l April 2022
Charge for the year
Disposals
At 31 March 2023
36.786
5,476
13,620
14,844
359
38,925
1,881
4,203
108.378
7,716
42,262
13,620
15,203
40,806
4,203
116,094
NBV at 31 March 2023
344,865
20,913
365,778
NBV at 31 March 2022
350,341
359
350,700
Net book value at 31 March 2023 represents fixed assets used for charitable purpose5.
11. DEBTORS
2023
2022
Trdde debtors
Other debtors
Rent deposit
Reserve gift aid
Prepayments & accrued income
2,065
3,283
1,754
1,875
500
7,671
1,875
500
12,764
17,204
15,083
24

**NewStarts** 

## **Notes to the financial statements for the year ended 31 March 2023** 

## **12. CREDITORS : Amounts falling due within one year** 

|**12.**|**CREDITORS : Amounts falling due within one year**|||
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||Bank loans and overdrafts (see note 14)|**10,126**|11,805|
||Trade creditors|**5,495**|2,878|
||Social security and other taxes|**5,563**||
||Other creditors|**1,370**|1,016|
||Accruals|**7,025**|14,560|
|||--||
|||**29,579**|30,259|
|||a||
|**13.**|**CREDITORS : Amounts falling due after more than one year**|||
|||**2023**|2022|
|||**£**|£|
||Bank loans (see note 14)|**322,984**|332,359|
|||CL||
|**14.**|**BANK LOANS**|||
||An analysis of the maturity of the loans is given below:|||
|||**2023**|2022|
|||**£**|£|
||Amounts falling due within one year on demand:|||
||Bank loans|**10,126**|11,805|
|||a|a|
||Amounts falling due between one and two years:|||
||Bank loans|**10,957**|12,452|
|||eee|eee|
||Amounts falling due between two and five years:|||
||Bank loans|**114,920**|124,033|
|||eee|a|
||Amounts falling due in more than five years:|||
||Bank loans|**197,107**|195,874|



25 



## **NewStarts** 

## **Notes to the financial statements for the year ended 31 March 2023** 

## **15. SECURED DEBTS** 

The following secured debts are included within creditors 

||**2023**|2022|
|---|---|---|
||**£**|**£**|
|Bank loans|**333,110**|344,164|



The Charity Bank Limited hold a charge over the company which covers the freehold property. Big Issue Invest hold a charge over the company which covers the freehold property. 

## **16. CASH INFLOW FROM OPERATING ACTIVITIES** 

||**2023**|2022|
|---|---|---|
||**£**|**£**|
|Net income for the year|**47,072**|11,769|
|Bank Interest payable|**21,896**|19,696|
|Depreciation and impairment of tangible fixed assets|**7,716**|8,951|
|{Increase) in stock|**(2,597)**||
|(lncrease)/decrease in debtors|**(2,121)**|2,508|
|lncrease/(decrease) in creditors|**999**|{15,879)|
||**72,965**|27,045|



**26** 



Newstarts
Notes to the financial statements
for the year ended 31 March 2023
17. MOVEMENT IN FUNDS
Balance at
Incoming Resources
l April 2022 Resources
Expended
Balance at
Transfers 31 March 2023
Unrestricted Funds
Restricted Fund5
65,880
140,123
267.976
286,293
1296,148}
1211,049}
1511
51
37.657
215,418
Total Funds
206,003
554.269
1507,1971
253,075
Balance at Incoming Resources
Balance at
l April 2021 Resources Expended Transfers l April 2022
Unrestricted Funds
Restrirted Funds
41,227
153,007
251,933
222060
1227,2701
1235,7541
iioi
io
65080
140,123
Totsl Funds
194.234
474,793
{463,024}
206,003
27

Newstarts
Notes to the financial statements
for the yeAr ended 31 March 2023
RESTRJCTED FUNDS
The income funds of the charity i￿lUde restricted funds comprising of the following trnexpended balances of donations and grants held on trust for speclflc
purposes=
Balance at In¢omin8 Resources
l April 2021 Resources Expended Transfers
Balance at
Incomlng Resources
Balance at
l April 2022 Re50urce5
Expended Transfers 31 March 2023
29 May 1961 Charltable Trust
Albert Hunt Trust
Alfred Haines
Arnold Clark
Aviva
Awards for All
8&M Food
BARN Lottery
BARN NAVCA
Baron Davenport
Beatrfce LangTrust
Big Issue
Birmingham Citycouncll
Bromsgrove District Councll
Cadbury Charitable Trust
Charity Aid Foundation
Crowdfunder
OMF Ellis
Didymus
Easter E8g Fund
Eveson
Foodbank
Frankley Parlsh Councll
Garfield Weston Foundation
Geor8e Henry Collins Charfty
s,￿0
6,OQ)
15,0331
16,0001
4,532
762
5,0(M)
1,000
1,000
19,5321
11,7621
11,o(101
I,Ch)O
432
iopoo
1,000
14291
131
10,000
482
iio,0001
14821
io,oc
7,150
7,150
16,0521
1,098
I,OLJ)
I,OLXJ
249
12591
io
5,000
s,￿0
3,000
13,0001
12,2191
116.2081
2.219
28,000
85,464
97,256
99,594
1,0
189,3021
107,548
I,ooo
66,220
LOOO
167,2201
3,477
3,477
15.0001
4,000
14,(M)01
1201
(7,5001
14771
19,3021
130.0001
12,0001
28
20
7,500
477
10.000
30,000
2.000
10,000
500
iio,(x)01
15011
2,000
12,lY)01

Newstarts
Notes to the financial statements
for tbe year eDded 31 March 2023
RESTRICTED FUNDS Icont'dl
Balance at Incorning Resources
Balance at Incomlng Resources
Balance at
l Aprfl 2021 Resources Expended Transfers l April 2022 Resources EKpendÈd Transfets 31 March 2023
GJW Turner
Grlmley Charity
Grimmitt Trust
Groundwork UK
HeartofE￿aThd
J Hopkins & HJ Sawyer
IH Rausing Trust
Laslett5
Lord Austin Trust
Lord Barnby Founda￿0￿
Mitchell Marsh
National Lottery Partnership
Nationwide Buildin8 Society
Peoples, Postcode Lottery
Roger & Dou8105 Turner
Rowlands
Severn Trent Water
The February Fund
The Montal Charitable Trust
The SMB Charitable Trust
WCC Foodbank
William Cadbury Trust
Worcestershire Community Fund
Restricted Fund Balances
3,000
1,00)
3,CKJO
3,000
1,000
3.000
2,000
4,000
750
51.360
5,844
16,0351
11,0001
13,1Y)Ql
12,9911
14,0001
17291
110.6801
18,7671
11,oooi
35
11,0001
12.0081
2,008
1,000
5,000
1,000
191
13,969
118,9691
1211
40.680
2,934
2,934
1,000
1,000
3,000
5,000
30,OL)J
3,000
5,000
20,011
19,9891
122,0871
115,4301
40,000
117,9151
12,2231
14,1321
22,085
2,223
1,132
25,000
9,570
3,OQ)
5,ODJ
5,000
5,000
1,029
5,000
5,000
11,0291
15,0001
15,(MJOI
I,OC4)
11.0241
24
3,001
13,Wll
496
10,000
110,4961
1,336
1.336
153,007
222A60
1235.7541
io
140.123
286,293
1211,0491
51
215,418
29

Newstarts
F4otes to the fin&ncig1 statements
for the year ended 31 March 2023
RESTRICTED FUNDS Iconvdl
Funders in excess of £20.000 (2022-231
Bromsgrove Distrirt Council IBDCI
De5crfptlon of Funding
Funding from BDC as part of the WCC PLFblic Health pilot to fully
fund two community builder posts. developing Asset Based
Development Work in Bromsgrove £49,514.
Foodbank and essential items £45,080
Additlonal fundlng forAsset Based Community Development
project £5.1￿)
Fundingtoward5 core costs and foodbank
Fundingtoward5 core costs
Fundingtowards salary costs
JH RauslingTrust
National Lottery Partnership
Peoples, Postcode Lottery
The following funds also directly related to the operating costs of the Food Bank:
Awards forAII
Lasletts
Lord Austin
Heart of England
Groundwork UK
Grimmitt Trnst
GIWTumer
Worcestershire Communlty Fund
The following funds atso directly related to the operating costs of the Volunteer Program:
Albert Hunt Trust
J Hopkins & HJ Sawyer
George Henry Collins Charity Grimley Charity
Core Costs grants were provided by-
Arnold Clark
Aviva
BARN NAVCA
Beatrice Laing Fund
Cadbury Charitable Trust DMF Ellis
Evesons
GJW Turner
Grimmitt Trust
Lord Bamabv
Mitchell Marsh
The SMB Charitable Trust
29th May 1961 Charitable Trust
30

Newstarts
Notes to the financial ststements
for ihe veAr ended 31 Mvdrch 2023
RESTRICTED FUNDS {cont'dl
RETRicfED FUND5 BALANCE SHEEr
at 31 March 2023
2023
2022
FIXED ASSErs
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
2,500
138,702
215,418
215,418
141,202
CREDITORS . amounts falling due
within one year
11,0791
CURRENT ASSETS
215,418
140.123
TOTAL ASSETS LESS CURRENT LIABILITIES
215,418
140.123
CREDITORS . amounts falling
due after one year
215,418
140,123
FUPIDS
Restricted
215,418
140.123
TOTAL RESTRICTED FUNDS
215,418
140,123
19. PENSIONS AND OTHER POST-RETIREMENT BENEFITS
Defined contrlbution penslon plans
The charty operates a defined contribution pension plan for its employees. The amount recognised as an
expense in the period was £6,96512022: £6,2211
The pension liability and expense are allocated to Un￿strICted or restricted based upon the role of the
employee that the contribution is for.
The outstanding pension contributions at the year end amounted to £1,37012022- £1,0161-
31

Newstarts
Notes to the financial statewellts
for tbe year ended 31 March 2023
20. OPERATING LEASES
At the reporting end date the charitable company had outstanding commitments forfuture minimum
lease payments under non-cancellable operation leases, which fall due as follows..
2023
2022
Within one year
Between 2-5 years
More than 5 years
2,010
1413
Repeyments made in the year
202
All operating leases are treated as an expense.
21. RELATED PARTIES
There were no related party transaction5 for the trustee5 in the year ended 31 March 2023.
The Chief Executive Officer is married to a supplierwho provides PAT testing for the charitable company. The
amount paid to the supplier duringthe year was £4.15412022- £3.1381
The outstanding to the supplier at the yearend amounted to £284 {2022: £1371.
22. ULTIMATE CONTROLLING PARTY
The charity is controlled by the trustees.
32