Charlty regl$tratlon number1742649 (England and Wale*) Company reglstrjtlon numb•r 07684257 NEWBRIDGE CHARITABLE FOUNDATION ANNUALREPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
NEWBRIDGE CHARITABLE FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION TRUSTEES Prof SJ Glbson CBE Mr D C Matthews CHARITY NUM8ER (ENOLANO AND WALES) 1142649 COMPANYNUMBER 07684257 REOISTERED OFFICE Newbrldge Charltsble Foundatlon The Executlveofflce, Celtlc Manor Resort Coldra Woods Newport NP181HQ INDEPENDENTEXAMINER Kllsby &Wllllams LLP Cedar House Hazell Drive Newport South Wales NPIO 8FY
NEWBRIDGECHARITABLE FOUNDATION CONTENTS Page Trustees. report Independentexamlner¥ report Statement of flnanclal activlties Balance sheet Notesto the flnanclal statements 7-14
NEWBRIDGE CHARITABLE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 50 JUNE 2025 Thetrustees present thelr annual report and flnanclal statementsforthe year ended 30June 2025. The financlal statements have bgen prepared In accordance with the accounting policies set out in notg I to the flnancial statements and comply wlth the charity's governlng document. the Comp8nles Act 2006, FRS 102 "The Flnanclal Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reportlng ty Charlties.. Statement of Recommended Pr8Ctlce 8ppllcable to charltles preparlng thelr accounts In accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)': OBJECTIVES AND ACTIVITIES The objectives of the Foundatlon Is to apply the Income. and 811 or such p8rt or p8rts of the capltal of the charlty. 8t such tlme or tlmes and 5u¢h matter to, or for the benetit of such exclusively charitable objects and purposes In any part of the world as the Trustees may In thelr dlscretlon thlnk flt, In partlcular but not Ilmlt¢d tothe advancement of education and tralnlng, promotion of healthcareand the relief of sickngss in the Prlnclpality of Wales. Publicbenefit The twstses have pald due regard to guldance Issued by the Charlty Commlsslon In decldlng what actlvltles the charlty should undertake. ACHIEVEMENTS AND PERFORMANCE Slgnlfic8nt8Ctlvltiesandachiovementsag8lnstobiectiv8s Durlng the year the Foundation raised £39,265 12024 . £103,1821. During the year, the Foundatlon made 55 12024.. 68) donatlonstochar6tles totalllng £70.628 (2024: £19.735) FINANCIALREVIEW The Foundation had net expendlture of £33.84512024 . net g81n of £81,010) durlng the year ended 30 June 2025. As at 30 June 2025the foundation reported unrestrlcted fvnds of (£4,795) and restricted funds of £51.496. The foundatlon holds such rg5grve$ consldered necessary by the Trustees to assure the charity& continued operatlon. PLANS FOR FUTURE PERIODS It Is the Intentlon of the Foundatlon to contlwe to ralse as much money as posslble and assist. by way of donations, as manychartties and charltable projects as posslble. STRUCTURE. (30VERNANCE AND MANAGEMENT The Newbridge Charitable Foundation I'the Foundatlon'l Is 8 reglstered charlty and Is govemed ty 8 Board of Trusteesthat oversees the actSvities of the Foundatlonto meetthe charityÈ objectives. The trustges meet on at least a quarterly basis to conslder the requests recelved for donatlons and to award donatlons where they feel appropriate.
NEWBRIDGECHARITABLE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 The tfustees. who are also the dlrectors for the purpose of company law, and who served durlng the year and upto the date of signature of the financial statements were.. ProfSJ Glbson CBE Mr DC Matthews Recrultm8nt8ndappntmentoftN5tees None of the trustee5 has ary beneficial interest In the company. All of the trustees are memb8rs of the company and guaranteeto contrlbute £1 In the event of a winding up. Complylng wlth the statement of recommended practlce (SORP) IFRS102), Trustees are appolnted, inducted and trainedtransparently, effectively and efflclently. The Artlcles of Association stats that there sh811 not be more than ten Trustees and not less than two Trustees. The appointment or reappointment by Resolution of the Trustees, for a term of office not exceeding three yeaTS, Is sublectto thg consent of SirTerry M8tthews during his lifetimg. Care is t8ken to ensurg that the Trustees should have the dlverse range of skllls. experlence and knowledge needed to run an organlsatlon effectively and trustees ensure that they ye1ve the necgssary Inductlon, training and on-golng supportthey need to dlseharge thelr dutles. Thetrustees. report was approved bythe Board ofTrustegs. Mr DC Matthews Trustee 25 Mar 2026 Date:.-....
NEWBRIDGECHARITABLE FOUNDATION INDEPENDENTEXAMINER'S REPORT TOTHE TRUSTEES OF NEWBRIDGE CHARITABLE FOUNDATION I report to the trusteos on my examln8tlon of the financlal statements of Newbridge Charltable Foundation Ithecharity) tortheyearended So Jun8 2025. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity land also Its dlrectors for the purposes of company lawl, you are responslble for thg prep8ration of the financial statements in accordance with the requirements of the CompaniesAct 2006. Havlng satisfied myself that the financial statements of the charity are not required to bg audited under Part 16 of the Companles Act 2006 and are eliglble for indepen<Jent examlnatlon. I report In respect of my examlnatlon of the charlty¥ financial statements cairied out under section 145 of the Charities Act 2011. In arrying out my examlnatlon I have followed the Dlre¢tlons glven by the Charlty Commlsslon under seetlon 14515)Ibl of the Charltles Act 2011. INDEPENDENTEXAMINER'S STATEMENT I have completed myexamlnatlon. I conflrm that no matters have come to my attention In connection with the examlnatlon glving me causeto believe that In any materlal respect- accountlng records were rt kept in respect of the charlty as requlred by sectlon 386 of the Companles Act2006. theflnanclal statements do not accord wlth those records; or the flnanclal statements do not comply wlth the accountSng requlrements of section 396 of the Companles Act 2006 other than any requlrement that the flnanclal statements glve a true and falr vlew. whlch Is not a matter considered 8s part of an independent examination., or the flnanclal statements have not been PPared in a¢¢ordan¢e with the methods and prlnclples of the Statement of Recommended Pr8Ctlce for accountlng and reporting by charities applicable to charities preparing thelr flnanclal statements in accordance with the Finaricial Reporting Stsndard applicable in the UKand Republic of Ireland IFRS1021. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understanding of the financial statements to be reached. Jonathan Harrhy- Independent Examiner Kllsby S Wllll•m$ LLP Cedar House Hazell Drlve Newport Southwales NPIO 8FY Date.. 26 Mar 2026
NEWBRIDGE CHARITABLE FOUNDATION STATEMENTOF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 CURRENTFINANCIAL YEAR Unrestrl¢ted funds 2025 Restrlcted funds 2025 Total Total 2025 2024 Not0$ INCOME FROM: Donations and legacies 8,952 30.313 39,265 103.182 TOTALINCOME 8,952 30,313 39,265 103.182 EXPENDITURE ON: ChaTltable actlvities 10.507 62,603 73,110 21172 TOTAL EXPENDITURE 10.507 62,603 73,110 22.172 NgriNCOMEI(EXPENDITURE) AND MOVEMENTIN FUNDS (1.555) (32.2901 133,8451 81,010 RECONCIUATION OF FUNDS,. Fund balances at1 July 2024 13,240) 83,786 80,546 1464) FUND BALANCES AT30 JUNE 2025 14.7951 51.496 46.701 80,546 The statement of financial actlvities Includes all galns and Ioss8s recognlsed In the year. All Income and expendlture derlve from continuing activities.
NEWBRIDGE CHARITABLE FOUNDATION STATEMENTOF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THEYEAR ENDED 30 JUNE 2025 PRIOR FINANCIAL YEAR Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 Notes INCOME FROM: Donatlons and legades 7,255 95.927 103,182 TOTALINCOME 7.255 95.927 103,182 EXPENDITURE ON.. Charitable 8CtivitlgS 9.942 12.230 22,172 TOTALEXPENDITURE 9,942 12.250 22,172 NET INCOMEI(EXPENDITURE) AND MOVEMENTIN FUNDS 12.687) 83,697 81,010 RECONCILIATION OF FUNDS: Fund balances at1 July 2023 15531 89 1464) FUND BALANCES ATSO JUNE 2024 (3.240) 85.786 80,546
NEWBRIDGE CHARITABLE FOUNDATION BALANCE SHEEr AS AT30 JUNE 2025 2025 2024 Notes CURRENT ASSETS Cash at bankand In h8nd 48.947 82.956 CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR (2.2461 (2.410) NETCURRENT ASSETS 46.701 80.546 THE FUNDS OFTHE CHARITY Restrlcted incomefunds Unrestrlcted funds 10 51.496 (4.795) 83,786 13.2401 46,701 80,546 The company Is gntitled to the exemptlon from the audit requirement contalned In sectlon 477 of the CompanlesAct 2006, forthe year ended 30 June 2025. The dlrectors acknowledge thelr responslbllltles for complylng wlth tho requlrements of the Companles Act 2006 with respect to accounting records and the preparatlon of f Inanclal statements. The members h8ve not requlred the company to obtain an audlt of its flnanclal ststements for the year in question In accordance wlth sectlon 476. These flnanclal statements have been prepared In accordance wlth th8 provlslons appllcable to companles sublect to the small companies regime. 25 Mar 2026 The fin8nclal statements wer8 approved bythetrustees on......................... Mr D C Matthews Trustee Company reglstratlon number 07684257 IEngland and Wales)
NEWBRIDGE CHARITABLE FOUNDATION NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES Charlty Informatlon Newbrldge Charltable Foundation Is a private company limited by gu8r8ntee Incorporated In England and Wales. The reglstered offlce Is Newbrldge Charltable Foundatlon, Thg Executlve Office. Celtlc Manor Resort, Coldra Woods, Newport. NP18 IHQ. 1.1 Basls of preparatlon The flnanclal statements have been prepared in accordance with the charlty¥ governlng document. tho Companles Act 2006, FRS 102 "The Financi81 ReportSng Standard 8ppllcable in the UK and Republic of Ireland" and the Charities SORP "Accountlng and Reporting by ChaTlties.- Statement of Recommended Practlce applicable to charitles preparing thelr accounts in accordance with the Financlal Reportiro Standard appllcable In the UK and Republic of Ireland IFRS1021': The charlty Is a Publlc Beneflt Entlty as defined ty FRS102. The charity hastsken 8dvantage of the provlslons In the SORP forcharltl8s not to prepare a statemgnt of cash flows. The flnanclal statements are prepared in sterllng, which Is the functlonal currency of the charlty. Monetary8mounts Inthese fln8ncial statements are rounded tothe nearest £. Tho financlal statements have been prepared under the historl¢al cost convention. The prlncipal accountlng polieles adopted are set out below. 1.2 Oolng concorn The charity ported negative unrestricted funds of £4.795 12024 .. £3,240) at year end. The trustees recogniseth8t thls Is belowth81gvel normally considered desirablg underthecharityb reserves pollcy. In conslderlng the approprlateness of the golng ¢oncern basis. the trustees have taken Into account C8sh flow prolectlons and the ongoing support of the Celtlc Manor Resort Llmlted. the charity's supporting company. whlch has Indlcated that it will continue to provlde such finanel81 support as Is necessary to enable the charlty to meet Its obligations as they fall due for a perlod of not less than twelve months from the date of approval of these financlal statements. On this ba51s. the trustees conslder It appropriate to prepare the financial statements on the golng concern basis. 1.5 Charltablg funds Unrestrlcted funds are avallable for use 8t the dlscretlon of the trustses In furtherance of th&lr charitable oblectlves. Restrlcted funds 8re subject to specific condltlons by donors or grantors as to how they may be used. The purposes and usos of the restricted fundsare set out In the notesto the flnancial statsments.
NEWBRIDGE CHARITABLE FOUNDATION NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THEYEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES (Contlnued) 1.4 Income Income Is recognlsed when the charltyls logally entitled to it after any performance conditlons have been met, tho amunts can be measured rellably, and It Is probable that Income wlll be received. Cash donations are recognised on re¢elpt. Other donatlons are recognlsed onc8 the charlty has been notified of the donatlon, unless performance conditions requlre deferral of the amount. Income tax recoverable In relation to donations received under Glft Ald or deeds ot covgnant Is recognisgd at the time of the donatlon. Legacles are COgnISed on recelpt or otherwise if the charity has been notified of 8n Impending dlstributlon, the amount Is known. and recelpt Is expected. If the amount Is not known, the legacylg treated as 8 contln9ent asset. 1.5 Exp•nditure Expenditure is recognised once there Is a legal or ¢onstructive obligation totransfer economlc beneflt to 8 third Party, It is probable that a transfer of economic beneflts wlll be requlred In settlement, and the amount ofthe oblSgation can be measured reliably. Expenditvre Is classifled by actlv5ty. The costs of each activity are made up of the total of direct costs and shared costs. including support costs Involved in undert8klng each actlvlty. Dlrect costs attrlbutable to a single actlvlty are allocated directlyto that actlvlty. Shared costs whlch contrlbute to morethan one actlvity and support costs which are not 8ttrlbutable to a slngle actlvlty are apportloned between those actlvlties on a basis conslstent wlth the use of resources. Central staff costs aTe allocated on the basls of tlme spent, and dopreclation eharges are allocated onthe portlon of the asset's Use. 1.6 Cash and ¢ash equlvalonts Cash and cash equlvalents Include cash In hand, deposlts held at call wlth banks. othershort-term Ilquld investments with orlglnal maturltles of three months or less, and bank overdr8fts. Bank overdrafts are shown wlthln borrowings In current Ilabllities. Ba$l¢fln8nclJla$Bets Baslc financlal assets, whlch Include debtors and cash and bank balance5, are Inltlally measured at transactlon prlce Includlng transaction costs and arg subsequently carried at amortlsed cost uslng the effectlV8 interest method unless the arrangement constitutes a flnancing transaction, where the transaction Is measured at the present value of the future recelpts discounted at a market rate of Interest. Financial assets c18ssified as recelvable wlthln one yearare not 8mortlsed.
NEWBRIDGE CHARITABLE FOUNDATION NOTES TOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES {Contlnu•d) Baslcfln•nela1118bllltles BJsle flnanclal Ilablllties. Includlng creditors and bank108ns are Initlally recognlsed at transaction price unless the arrangement constitutes a flnanclng transaction, where the debt Instrument Is measured at the present value of the future payments discounted at a maiket rate of Interest. Financial liabllitles classlfied as payable withln one yearare not 8mortlsed. Debt Instrumgnts arg subsequentty cairied at amortlsed cost, uslng the effective Interest rate method. Trade creditors aro obligatlons to pay for goods or servlces that have been acquired in the ordlnary course of operatlons from suppllers. Amounts payablg are ¢lassified as current liabilities if paymgntls due within one year or less. If not. they are presented as non-current liabillties. Traoe creditors are recognlsed Inltlally at transa¢tlon prlce and subs8qvently measured at amortised cost using the effeetlve Inter95t method. INCOME FROM DONATIONS AND LEGACIES Unr•stricted Restrlcted funds funds 2025 2025 Tot•1 Unre8trlct•d Restrlctod fund8 funds 2024 2024 Total 2025 2024 Donations and glfts 8.952 50.313 59,265 7,255 95.927 103,182
NEWBRIDGE CHARITABLE FOUNDATION NOTESTO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 EXPENDITURE ON CHARITA8LE ACTIVITIES CharStable Charltable Actlvltlets Actlvltlgs 2025 2024 Dlrect costj Charltable actlvltles 70,628 19.735 Share of 8UPPOrtand governance costs l$w note 4) Support 2,482 2,437 73,110 22.172 Anolysls by fund Unrestricted funds Restricted funds 10.507 62,603 9.942 12,230 73,110 22,172 SUPPORTCOSTS ALLOCATEDTOACTIVITIES 2025 2024 Bank Charges Subscrlptlons Governance costs 30 216 2.236 45 216 2,176 2.482 2,457 Analys•d bètween: CharltableActlvltles 2,482 2,437 NETMOVEMENTIN FUNDS 2025 2024 The net movement In funds Is stated aftercharglngllcredltlng).. Fees payable for the Independent examlnation of the charity¥financlal statements 1236 2,176 10-
NEWBRIDGE CHARITABLE FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 TRUSTEES None of the trustees {or any persons connected wlth them) recelved any remuneratlon or benefits from the charlty during the year. EMPLOYEES Theaveragg monthly number of employees during the yearwas.. 2025 Numbor 2024 Numbor Thère were no employe95 whose 8nnval remuner8tlonwas morethan £60,000. TAXATION The charity Is exempt from tsxatlon on Its artivitles because all its Income Is applled for charltable purposes. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 othercredltors A¢¢ru81s and deferred Income 240 2,170 2,246 2,246 2.410 11
NEWBRIDGE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 30 JUNE 2025 10 RESTRICTED FUNDS The re5trlcted funds of the charlty comprise the unexpended balances of don8tlons and grants held on trust sublectto specific condltions by donors asto how they may be used. At l July2024 Incomlng Re80urce$ resources expended AtSOJune 2025 Keith Duffy Foundatlon Celebrlty Cup 2019 Princes Trust Invlctus Games Nurture Fund 84 84 25.000 58,697 30,313 (55,313) 17,2901 51,407 83.786 30.313 (62.603) 51,496 Prevlousyear: AtlJuly2025 Incomlng Resources resour¢es oxpended At30Juno 2024 Kelth Duffy Foundatlon Celebrlty Cup 2019 Princes Trust Invlctus Games Nurture Fund 84 B4 25.000 70.927 25,000 58.697 112.230) 89 95,927 (12.230) 83,786 12-
NEWBRIDGE CHARITABLE FOUNDATION NOTES TOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 10 RESTRICTED FUNDS (Contlnuod) Ketth Ouffy Foundatlon: The fund has been s9t up tofundraise forthe benefit of autism charitles and prolects. Cel8brltyCup 2019.. The fund has been set up to fundralse forthe benefit of the Bubble Foundation, provldlng treatment and research for bables and children bom wlth defective Immune systems. PTlncesTrust'. The fund has been set upto fundralseforthe benefltof the PrlncesTrust. InvlctusG8mo8: The fund has been set up to fundraise for the beneflt of the Invi¢tu$ Games Foundatlon, almlng to encourage greater international respect for those who service thelr country by inspiring recovery and supporting the rehabllitation of wounded, injured and sick IWISI Service personnel & veterans. Nurture Fund.. The fund has been set up to fundralse for the bersefit of the Gwent Nurture Fund. providlng pr8CtIC81 assistance to people experienclng homelessness, nurturlng the well-belng of chlldren, and ensutlng accessto proper nutrltlon. 71 UNRESTrICTED FUNDS The unrestrlcted funds of the charlty comprlse the unexpgnded balancesof donations and grants whlch are not subjectto specific conditions by donors and grantors asto howthey may be used. These Include designated funds which have been sot aslde out of uniestricted funds bythetrustees for specific purpos8S. At1 July 2024 Incomlng Rosource$ resourcos expended At 30 June 2025 General funds (3.240) 8,952 110.507) 14,795) Prevl¢)u$yg4r: At 1 July2023 Incomlng Re80ur¢es resources •xpgnded At SOJune 2024 General funds (553) 7,255 19.942) (3.2401 13-
NEWBRIDGE CHARITABLE FOUNDATION NOTES TOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted R•8trlctod funds funds 2025 2025 Total 2025 At30June2025: Current ass9tsllliabllltles) {4.795) 51,496 46.701 14,795) 51.496 46,701 Unrestrlcted Restrlcted fund8 funds 2024 2024 Total 2024 At30June2024: Current 8ssetsllliabllltl8sl (3.240) 83.786 80,546 (3,240) 83,786 80.546 15 RELATED PARTYTrANSACTIONS There wgre no disclosable rglated partytransactions duringthe year12024- none). 14-