Charity Registration No. 1138925 NEW QUADRANT FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 NEW QUADRANT FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees New Quadrant Trust Corporaiion Limiled Jamie Hamiiion George Francis Cha￿ty number 1138925 Princlpal addre59 25 Bury Street Sl. James's London SW1Y 8AL Independent examiner Gilbert Holboum FCA FCCA DChA 1 Upper Bridge sioel Kent TN26 SAF Bankers Virgin Money UK PI Bu51ness Oirecl 10th Floor 177 Bothwell Street Glasgow G2 7ER Solicilors New Quadrant Parfners Limrted 25 Bury StiÈet st. James's Lonoon SW1Y 6AL NEW QUADRANT FOUNDATION CONTENTS Paye Trustee report Independent eyamin8fs report Slalement of financial activities Balance sheet Notes lo the accounts 7-10 NEW QUADRANT FOUNDATION TRUSTEE REPORT FOR THE YEAR ENDED 5 APRIL 2025 The TrusieÈs presenl their report and financial slalemenls for the year ended 5 April 2025. The financial staternen15 h8ve been prepared In accordance wlh Ihe accounting policie5 sel out on page5 7 and 8 of the attached financial slalem&nls and comply with the Charity's irusl deed. applicable law5 and the requirements of the State￿ent ol Recommended Practicè ISORPI applicable lo charities preparing their financial 51alement5 In accordanct with the Financial Reporting Slandard applicable In thè Unrted Kingdom and Republi of Iieland IFRS1021 effective 1 J3nuary 20191. Objectives and activitie$ The Tiusiee$ operate a grant givin9 policy. pioviling Mnds for such Instilutions as the Trustees think fil. locally, nalionalty and inlemationally 01 Individuals whD5e need5 are considered to be of a charitable purposE or any chaiilable object. The Trustee5 have paid dup iÈgard 10 9uidance Issued by Ihe Chanty Comrnission In deciding what aclivrfies the Chanty should undertake. Achlevoments and perfomiance Financial revlew In the year ended 5 April 2025. the Trustees arg pleèsÈd to report thal donations of £40.229 were received, inclusive of Gift Aid 12024. £19.1921. Bank inleiesl of £9,293 was rec8Neo ounng ine y8ar 12024- tT.g00}. The Trustees awarded grants during the year lolalling £86.88512024 £13.2341 in accordance with thÈ Charity's grant making policy. A detailed list of all grants made in the year is induded in note 6 on page 9. Results for Ihe year During the year ended 5 April 2025, total incoming re50urc&s amounted to £49.522 12024 £27,1581 belng donations received In cash by the Charity and Gift Aid and Interesl on funds held by the Charty. The Trustees, charitable activities amounted to £87.515 inclusive of governance costs 12024 £14.7841. GDvÈrnance costs amounted to £650 12024 £1,5501. The net outguing resources were £37.993 12024 net Incoming re50uices- £12,3741- JI funds are unreslricled alld the Trustees retsin sufficient funds for the maintenance of the Trust. Th& Truste?'s policy Is lo maint31n a level of cash reserves out of current Incorne which will provide a stable base fDr Ils continuing aclivilies whilsl ensuring excessive funds are not accumulaled. The Trustees believ￿ that the reserve5 are sufficient for Ils curienl purposes, and these are reviewed on a regular basis. NEW QUADRANT FOUNDATION TRUSTEE REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Risk mana9ement In line with the iequiiemenl of Charity Trustees lo undertake a risk assessment exercise the Trustees have identified three main areas where nsks may occui". Governance Operation81 Financial Governance tovers the continuity of trusteeship, the skills 8nd background of the Trustees and Ihe policy of regular meetings of the Trustees to review their aitn5 and aclivilies. Operallonal risk cr>vers the risk inherent In the delegation of slalulory and lÈgal requirernenls of the Charty. rts rnanagemenl and secrelarial functions and delegation of those certain knnction5. Financial risks Includé those inheront in delegation of the financial record keÈping of th8 Charity. ils Independent examin8tion or sudil and review procedures. Having assessed the major risks lo which the Charity Is exposed, sn particular Ihose relating 10 Its finances, the Trustees believe that by en5unng controls exist over key financial systems Incorporating the systems and contivls implemented by New Quadrant Partners, subject to re9ular monitoring, they have established effective sysleTnS lo miligale those risks. The risk management will be kept under regular review and is lulty reassessed e¥8ry three years. Future plans Al a Trustees, meeting on 30 Apnl 2025 il was agreed lo amend the Charity's governing Articles such thai New Quadrant Foundation can operate as a Donor Advised Fund, and Ihal rnorkeling of the Charity as a Donpr Advised Fund will cornmence following the adoption of the Articles. The Tru51ees do not afjlicipale any other significant chang8s lo the Charity or Ils activitie5 over the next to five years. 11 is their intention lo meet the following objectives- To ensure Ihe conlinued generalion ol Incoine in fuluFe peiiods. thereby helping lo safeguard the long term existence of the Charity. To conlinue to make distiibulions a5 described above. Strurture, governancè and management New Ouadranl Foundation 15 governed by a trust deed dated 24 Seplembei 2010 and received confirTnalion ol charitable 51alus on 11 Novernbèr 2010. The Charity is registered under the Charitie5 A¢1 2011, Charity Reglstralion NumbEr 1138925. The name of the Trustees who served during the year 15 set out below.. New Quadrant Trust Corporation Limited Jamie Hamilton George Francis Louise Stolen was the lounding partner of New Ouadranl Partners Ltd. and a director ol New Ouadianl Trusi Corporation Limited. 11 Is with greal sadness that we announ¢e that she p3ssÈd away on 16 September 2025. The slalulory powèr of appoinlrnenl Df new TrLJslees lies with Ihe Trustees Ihemselwes. The Trustees can eilher be a Trust Corporation or ai1easl three Trustee5 The Trustee5 are now New Quadrant Trusi Cc>rporalion Limited, Jamie Harnitton 3nd George Francis. Apert from the first Trustees, every Tru51ee musl be appointed by a rÈsolution of the Trustees passed al a speci81 meeting. Tlie Truslees will select individuals wilh Ilie relèvant knowledge and experience nèeded lor the effective adminislraiion of the Charity. The new Trustee is given upon first appoinlment a copy of the Tru&t deed and any amenElments Iherelo and a copy of the Ch8rity'$13lesl ieport and slalement of Èctounts. NEW QUADRANT FOUNDATION TRUSTEE REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 The Trusle&s are ullim8tetry responsible for the PDlities, 3ctivities and 8ssels OY ltre Charity. The corporate Truslee and thè individual trustees aim to meet al least twice a year to review the dÈvÈlopmenls with regard lo th& Charity and ils giant giving activities and to make any Important decisions. The day lo day man8gemenl of the Ch8riV& aclivilies. and the Implementation of poli￿e$, Is deaK wilh by the Trustees themselves. New Quadrant PartnÈrs Ltd mainlain ihe accouniiT)g record5 of Ihe Charity. Al their meetings Ihe Tru51ees rèview the proposals for grants and gr8nls made, and the level of funds available. The Truslees ar& rtsponsible for preparing the Report 3nd Ihe accounls in accordance with applicable law and United KingdomAccounting Standards (United Kingdom Generally A¢￿pted Accounting Practice). The law applicable lo charitie5 In England and Wales requirES thè Trustees lo prepare accounts for each financial y88r which give a true and fair view of the slate of affairs of the Charity and of Ihe incoming resourceg and appli¢ation of resour¢e5 of Ihe Charity for that year In preparing these accounts. the Trusteps are requirèd to". select surtable accounting policies and then apply them tonsi5tenlly-. observe the methods and principles In the charit￿s SORP". make judgèments and esiimates that are reasonable and prudent., stale whether applicable accounting standards have been followed. $ubiect to any rnaierial departure5 disclosed and explained in the accounts, and piepare th2 account5 on the going concern basis unless il Is inappropnate to presume Ihat the charity wlll continue in operalitsn. Th8 Trustees are responsible for keeping sufficient accounlin9 records that disclose with rea50n3ble accuracy 81 any lime the financial position of the Charity and en8ble it lo ensure that the accounts compty with the Charities Act 2011. the Charily (Accounls and Reports) Regulations 2008 and Ihe provisions of IhE trust deed. They are also responsible for safeguarding the assets of Ihe Charity 3nd hÈnce for taking reasonable steps for the prevenlion and deletlion of fraud and othei irregularit18S. The Fepprt was approved by the TrusteÈs and 51gned on their behaK by.. New Quadrant Trust Cvrptsration Limited Jamle Harnilton George Franci$ Dated NEW QUADRANT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW QUADRANT FOUNDATION I report on the account5 of the Charity for the year ended 5 April 2025, which ale Set out on pages 5 19 10. Re5Pe¢tlvÈ r8spon¥ibilitie5 of Trustees and examiner The charity's Truslees are responsible for Ihe prep2r81ion of the a¢¢ounts. The charity's Trustees consider that an oudit is not required for this year under setlion 144121 of the Charitie5 Aci 2011 Ilhe 2011 Act) and that an Independent examination 15 needed. examine thÈ accounts under 5eGtson 145 of Ihe 2011 AU. lo follow Ihe procedures laid Oown In the general Diredions given by the Charity Commi55ioD under section 14515llbl of the 2011 Acl-. and liiil to 51alÈ whether particular matters have come to my artention. Basls of Independ•nt examSner'$ report My examiDalioD wa5 carried oul in accordance with the general Directions given by the Chaiity Gommlssion. An examinallon Includes a review of the accounting records kepl by the chariiy and a comparison of the a¢counts presenlÈd with those records. 118150 includes tonsideration of any unusual Item5 or dis¢losur&s In the actounls, and seeking explanations from you 35 trustee5 concernin9 any such tnatters. The procedures undertaken do nol provide all th8 evidence that would be required in an audit and consequently no opinion Is givÈn as lo whether Ihe accounis preseni a 'true drid fair ViEvff and Ihe repctrt i? limited to Ihoee rnatter? ?et Out in the nexl stat¥m9nt. Indeppndent exarninerfs tstatement In conneclioTr with my examination. no matter has come lo my attention.. lal which gives me re3soDable cause lo believÈ that in any material respect the requiretnenls.. to keep accounting re¢ords in accordancé with section 130 of the 2011 Acl,- aftd io prepare accounts which accord with the accounting records, and cornpty with the accounting requiretnenls of Ihe 2011 Act-. h8ve not been mel or Ibl lo wliich In my opinion. allenlion should be drawn in order 10 enable a proper undtrrslanding of the ac¢ounts to bg reached. I h3ve no concems and havè come across no other matters in conne¢tson with Ihe examinalion lo which attention should be dr8wn in this report in order lo enable 8 proper understanding of tha accounts lo be leached. Gilbert Holbourn FCA FCCA DChA 1 Upper Bridge Street Kent TN25 SAF Dated. 2910112026 NEW QUADRANT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Total 2025 Total 2024 Notes Incorne from.. Donations and legacies Income from Investments 19.192 7,966 9.293 Totsl incoTne 49.522 27.158 Expendlture on: Chanlable a¢livilies 87.515 14,784 Total reSOUTte$ expended 87.515 14,784 Net lexpendlturellincome for the yparl Net movement In funds 137,9931 12,374 Fund ba13nce al 8 April 2024 234 785 222,411 Fund balartcÈ at 5 April 2025 196.792 234,785 The notes on page$ 7 10 10 form part of thèsÈ financial statemènts. I recognised gain$ and losses ar& Included in the above sialemenl of financial aclivilies. All the Charity's activities are derived from continuing operations during the above finantial year. NEW QUADRANT FOUNDATION BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Notes Current assets Cash al bank and in hand 217,442 235,435 Creditors.. amounts falling due withln one year 20,650 650 Nel currÈni 8ssels 196.792 234,785 Income fund8 Unrestricted fLJnds 196,792 234.785 196,792 234.785 The notes on pages 7 to 10 fDrm part of these fin4ncial statements. The financial statements were approvfyd by the board Of truslees and aijthorised for Issue on are signed on tts behalf by.. and New Quadrant Trust Corporation Limiled Trustee Jamie Hamillon Trustee George Franci5 Trusie¢ NEW QUADRANT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountlng pollcies 1.1 Accounting convention The finantial slalements have been prepared under the historical cost ¢onvèntion wilh ilems recognised al cost or Iiansaction value unless otherwise slated In the relevanl accounting policies below or the notes lo the accounts. The accounts have been pr8paied In actordance with the Accounting and Reporting by Charilies. Statement of Recommend Practice 3pplicable lo charities preparing their accounts in accord8nce with the Financi31 Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 Second Edibon 18lfeciive l January 20191 Icharities SORP FRS 1021 and the Charities Act 2011. New Ouadranl Foundation meet5 the definition of è PLiblic enlity under FRS 102. The accounts are prepared In slerfing. which is the functional currency of Ihe Cha￿ty MDnel8ry amounts in the59 financial slalemell15 are rounded 10 the neare51 {. 1.2 Going ctsncem At the time of approving the accounts, the Trustees have a reasonable expectation th81 the Chairty has adequate resources lo continue In operational exisien¢É lor the foreseeable future. Thu5 they continue lo adopt the goin9 concern basis of accounting in preparing the accounts. 1.3 Charitable fund& Un18slncted funds are available foi use al the discrelion of the Trustees in furtherance ol their charitat>le objectives unless the funds have been designated lor ulher purposes. Restricted funds are subject10 Specific conditions by donors as to how they may be used. The purposes and uses of the reslricled funds are sei out in the note5 to the sccounls. 1.4 In¢omlng rvsources Income is rg¢ogn15ed vvhen the Charity is legally entitled lo It after any pertormance condrtions have been met, the amounts can be measurpd rèliably, and it is probable that income will be re¢eived. Oonalions are re¢ognisèd on receipt. OlhÈr don21ions a￿ recognised once the Charity h85 been nollfied of the donalioTr. unless performance CDndiiions requ5re deferral of the amounl Income lax retoverable in relation lo donation5 receiveLI under GittAid Is r8cogni5ed 31 thè lime of the donation Inveslment income Is accounted for in the period in which the Charity is entitled lo receipt. 1.5 Resour¢ès expended The cosl Df charitable aclivilies are included in the slalemenl of financial aelivilies on an accruals ba51S. IncJu8iv8 of VAT. which tannol be recovered. Charitable costs coinprise the fallowing Charitable costs comprisè grants payable In prornDting enhancing charitable work carded out by other charitable organis3lions 8nd Ilie cost of administering Ihe activities of the Chaiity. Grants payable are included in the st31emenl of financial activities when approved and Nvhen the intended rècipient has erther received the funds or tieen informed of the decision lo tnake IhÈ donation and has galisfied all related Gondilions. Grants approved bul not paid al the end of the financial year are accrued. Grants where the beneficiary has nol been Informed or has lo meel cerfain Condilions before the granl Is released are not accrued bul are noted a5 financial commitment5 ITr the not&s lo the accounts. Governance costs Include costs which are direclty attrihutablè to the Independent Examinalion and other piocedures necessary for con)pliance wilh 51atLrtory requirem8nls and the governance of the Charity. NEW QUADRANT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 5 APRIL 2025 Accounting polities Icontinuod 1.6 Cash tash equlvalents C8sh and cash equivalen15 include cash In hand. deposits held at call with banks, other short.lerrn 119uid investTnÈnis with original malurilies of three tnonths Of less, and bank oYerdraft5. Bank ovèrdrafts are shown 1.7 Taxatlon New Quadrant Foundalion Is a registered charity and therefore Is not liable lo Income Tax or Corporation Tax on incorne derived from its charit•ble a¢tivili8s, a5 11 falls wilhln the variou5 exemptions available lo registered 1.8 Related Party Tran5action3 Louise Slolen w8s a director af the corporate Truslee. New Quadrant Trust CorporaliDn Limited until her decease on 16th September 2025. She did not make a donation lo the charity in Ihe year ended 5 April 2025 12024- £3.5001. Paul Davidoff was a dirèctor of the corporat8 Truslee, New Quadrant Tru51 Corporation LiTniled until his resign8lion on 30 June 2025. He made a donation to the charity of £559 92 in the year ended 5 April 2025 12024. £559.92). Robert Smeath is a d1￿Clo[ of the ¢orpor81e Trustee, New Quadrant Trust Corporation Limited. He made 8 donation lo Ihe ch3rty of £480.00 In the ye3r ended 5 April 2D25 12024- £320.001. Darren Auslin-Sm1th 15 a diiecior ol the corporate Trustee, New Quadrant Trust Corporation Limrted. He made a donation lo the charity of £380.00 in the year ended 5 April 202512024- £01. Flora Hussey is a director of the COTporal8 Trustee. New Quadrant Trusi Corporation Limited. She made a donalion lo the th8rity of £530.00 in the year ende¢J 5 April 202512024 £40.00). Crltical a¢¢ountlng estlmatgs and judgements In the applicalion of Ihe Ch811ty's accouniing policies. Ihe Trustees are required lo tnake iudgernenls. 8Stimales and assumplions about the carrying amount ol assets and liabilities thol are nol readily apparÈnl from other sources. The estsmales and 8s$0¢Saled assumptions are b85ed on historical experience and other faclors that are considered to be ielevanl. Actual ie5ullS may differ Irom these eslimales. The eslimales and underlying assurnplions are reviewed on an ongoing ba$is. Revisions to accounting estimales are ￿¢09nIsed in the penod in which Ihe e51im8le Is r8vised where Ihe revision afFecls only that peTiod. or in the period of the revision and fLJture periods where the rewsion affects both ¢urrenl and futuiè periods. No such judgements or esiimaies have been neGessary in the preparatson of these financial slalemenls. Donations and legacles 2025 2024 Donations and GAYE Charily quiz night donations 35.329 4.900 19.192 40,229 19.192 NEW QUADRANT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Income from Inve5trnentS 2025 2024 Art)ulhnol Latharn deposit account interest New Quadranl clieni accounl Inlerfysl 8.207 1.086 6.592 1.374 9,293 7,966 Charitable activitles 2025 2024 Inlependenl Examination Grants payablè (see note 61 New Quadrant Partners Limited fees 650 86.865 650 13,234 900 87.515 14.784 Grants payable 2025 2024 Grants io ingtilutions.. Alzheitneis Society Colche5ter Christ Church Brownies Cycle Challenge ViètnaTn Dr Cha11enoffs School Educaiional Tru81 Great North Air Ambulance Harfoid-shine Foundation Inspire al Sl PÈiÈr's acrnillan Cancer Support Metabolic Terrain North Tyneside Community Partnership Papyius Prevention of Young Suicide People's Trust for Endangered Species RNH Neuro Disability Shellerbox The Brain Tumour Charity Tynedale HtsspicÈ al ￿Qme Vatsalya Street Glr1s Woo(Iland Trust 920 760 150 1,120 20.000 100 480 20.000 720 1,120 480 4.086 5.000 10,000 40 80 160 67 960 480 20.000 6.895 5.521 960 86.865 13.234 NEW QUADRANT FOLINDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Cre¢JStors: affloufits falllng due wthin onè year 2025 2024 Independent Examination Grant payable- MacmillaTr Cancer Support. 650 20,000 650 20,650 650 10-