REGISTERED CHARITY NUMBER: 1168728
Report of the Trustees and
Unaudited Flnancial Statements
for the Year Ended 5 April 2024
for
The Nèumark Foundatlon
Salisbury & Company
Chartered Accountants
Irish Square
uP￿r Denbigh Road
StAsaph
Denbighshire
LL17 ORN

The Neumark Foundation
Contents of the Financial Ststements
for the year ended 5 April 2024
Page
Report of the Trustees
Indepèndènt Examinerfs Report
Statement of Flnan¢lal Activitles
Balan￿ Sheet
Notes to the Flnaneial Statements
8 to 12
D•tsiléd Ststern•nt of Flnanclal A¢tlvities
13

Thè Naumark Foundatlon
Report of the Trusteès
for the year ended S April 2024
The trustees present their report with the financi81 statements of the charity for the year ended 5 April 2024. The trustees
have adopted the provisions of Accounting and Reporting by Charities.. St2lÉmÈnl of Recommended Pr2eti¢e applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 1021 leffeclive 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The prtncipal object of the charity is for the benefit of the public to promote any purposes that are charitable according to the
laws of England and Wales.
The charitable objects must apply the income. and all such parts of the ¢apitsl as the Trustees think fit (whether through
donations to other charities or by any other charitable means), for or towards such charitable purposes the TnJstee5 think fit.
Publlc bènefft
The Charity Commission, in its 'Charities and Public Benefif Guidance states that there are Iwo key principles to be met in
order to show that an organisalion's aims are for the public benefit.. firstly, there must be an identifiable benefit and secondly,
that the benefit musl be lo the public or a section of the public. The Trustees are satisfied that the aims and objectives of the
charity, and the activities ￿Ported on below lo achieve those aims, meet these principles.
Grantmaklng
The Charity provided grants to othor charitable institutions in order lo help fund the charitable services they provide.
Page 1

The Neumark Foundation
Report of the Trustèes
for the year ended S April 2024
ACHIEVEMENT AND PERFORMANCE
Charitsble activities
Donations and legacies Income for the year was £39,733 12023= £324,290) and totsl expenses were £167,206 {2023'.
£376.4241. There Charity received investmenl income of £8.704 {2023= loss of £395,997). This resulted in a deficit for the
year of £118,76912023= deficit of £448,131).
During the year grants of £134.729 {2023: £294,168} We￿ made to institutions. Unrestricted fvnds al the year end werè
£812,46212023.' £931,231).
The main achievement during the year has beèn the provision of diaritable donations to various local. national and
intemational charities.
The Neumark Foundation has successfvlly continued to fijnd charitable organisations and projects against the remits set out
by the Iruslees throughout the yèar.
The focus of The Neumark Foundation remains strictly with improving the lives of children and young people living in North
Wales. to enable them to overcome disadvantsges as a result of wioeconomic challenges within their families or units.
health challenges and disabilib'es. and those whose life choices have led them to require guidance and support from outside
agencies and other organisalions. lo enable them lo reach their true potential. Improving and enhancing educational. social
and personal development, in addition to wellbeing improvement, aTr the Foundations, key priorities when considering
activity for funding.
Our funding is reserved for organisalions and projects that have proven effectiveness in their Charity business models, and
regular monitoring through our monthly reporting requirement ensures that we are quickly able to identify any good or poor
practice, or any other issues that occur during the funding period and raisè issues or highlight good pra￿lee with funding
recipients. Reporting templates are not slandardised. but designed alongside ea¢h funding recipient, to suit the nature of the
activity the Foundation is supporting.
Application procedures are deady ¢ommunicated during eady stages of applicatlon development with potential applicants.
Funding applications can be individualised in cases where this may bè necessary and mutually beneficial. We have a
standardisèd online application process that is regulady reviewed to ensure that il is robust and effeclive, in addition,
meetings and visits lake place prior to applications being made, to prevent ts'mewasting for both the applicant and the
Foundation. Application development and creation for each organisation. or project, prior 10 submission. is supported by the
Neumark Foundation Project Funding Manager and CEO. In cases where the Project Funding Manager and CEO feel that
direct dialogue be￿een applicants and trustees would beneffl Iruslees in making their funding award decision, sometimes
due lo the complexity of the activity, ils aims and outcomes, or with groundbreaking projects, we invite applicants to present
their applications in person directly to the Iruslees al the Board meetings. The majority of funding application submissions
and decisions are made al the quarterfy Board meetings, and applicants are infomed of decisions immediately following the
8oard meetings. Exceptions to this may 0￿ur in cases whereby an urgent funding need is identffied, and trustees wll
consider exceptional applications on an individual basis.
The Neumark Foundation has a preference for funding local organisations, whose fantsstic activities may not bè widely
known about due to their lirnited resources. The Neumark Foundation also spends lime researGhin9 and identfying,
approaching and Communicating with these organisations, to see if, for suitable organisations. there is anything thal we may
be able to support with.
As a Foundation, we are keen to provide valu&added support for our funding recipients. providing additional netsvorking
support. introductions to beneficial eontacls, and guidance lo organisations keen to diversify their support and services. We
were able to support KIM Inspire in developing a groundbreaking project, to support to Neurodivergent girfs and young
women. After funding an init'al 6-month research and development project which laid the groundwork for the programme.
following the success of this phase, we were pleased lo provide additional funding lo help transition the proiect into its
implementation phase
We were able to fund a ￿llabOratiOn be￿een t￿0 charities, Dangerpoint and Youth Shedz on knrfe crime. These were
exisling beneficiaries that had individual exporti￿ in youth education. and they were able to combine their strengths to
creale a virtual realty film on knife crime. which. will now be used by North Wales Police to support preventive education.
The innovative approach of the Foundation to understand the organisalions we work with, and act as a facilitator and
onnector enables us lo support creative partnerships and opportunities.
The Neumark Foundation processes and procedures continue to develop year on year. to Ènsure continuous improvement
with the support we provide.
Page 2

The Neumark Foundation
Report of the Trustees
for the year ended 5 April 2024
We constsnlly evaluate our relationships and role as a funder. We proaclivety build and maintsin relationships in a wide
range of sectors. We listen to how areas that we are interested in supporting a￿ operating, and how, using our assets as a
funder and ctsnnectC*r. we can seek to make a difference. Our approach. we think makes us a kinder funder who looks to
build strong relationships with the organisations we work with. We've really brought to life the principle of being relats'onal
and we will continue to put this principle in adion.
Fundraising activities
The Charity had no fundraising acts'vities rèquiring disdosure under S162A of the Charities Act 2011.
Investment perforniance
The Charivs investments are managed by Kleinwort Harnbros.
For the period from 6 April 2023 10 5 April 2024, The Neumark Foundation Discretionary Portfolio {managed to
Respc*nsible Balanced Strategy). retumed 8.28Yv vs benchmar1( relum of 7.19•/0.
For the period from 6 April 2023 10 5 April 2024, The Neumark Foundation Execution Only portfolio returned -5.31910. There
is no slated benchmark for this Execution Only portfolio.
FINANCIAL REVIEW
Principal funding sources
The principal funding of the tnjst is by donations re¢eived from P Neumark.
ReseNes policy
The Trustees consider that the reseNes of the Trust should be sufficient to guarantee the long temi future of the Trust.
Unrestricted reserves of the Trust al 5 April 2024 was £812,46212023.' £931,231>.
Golng ¢on¢em
After making appropriate enquiries. the trustees have a reasonable expectation that the charity has adequate resources to
conb'nue in operational existence for the foreseeable fvlure. For this reason, they continue to adopt the going concem basis
in preparing thè financial slalements. Further details regarding the adoption of the going concem basis can be found in the
Accounting Policies.
FUTURE PLANS
The Charivs plans for the fvlure are to continue to provide grants of a Charitable nature.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by ts goveming document, a deed of trust and constitutes an unin¢orporaled charity.
Charity constitution
The Neumark Foundation is constituted by a Trust Deed made on 19 April 2016 and is a regist6red charity, number
1168728.
The Charity is controlled by its goveming document, a Deed of Trust, and conslituled an unincorporated charity.
Organisatlonal structure
In setting the Charity's policy and planning its activities. the Trustees have given careful consideration to the Charity
Commission's general guidan￿ on public benefit. The management of the Charity is the responsibility of the Trustees.
Risk management
The trustees have a duty lo identify and review the risks to which the charity is exposed and to ensure appropriate controls
a￿ in place lo provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1168728
Page 3

P* P S N￿ark
tr R A S¥rybury
Mr S IrwBn•d 2￿4}
14tr J G 8•rn•5
MrTP Eiiiot
Vs M B J Nounwk
M8REWxwi
Solijw & C•rpany
Ch*r￿1&yAmn1ln
IrWTr Squw
A¥P
LL17 ORII

Independent Examinerfs Report to the Trustees of
The Neumark Foundation
Independent examinefs report to the trustees of The Neumark Foundation
I report to the charity trustees on my examination of the accounts of The Neumark Foundation {the Trust} for the year ended
5 April 2024.
Responsibilitles and basis of report
As the Charity trustees of the Trust you are responsible for the preparation of Ihe accounts in accordance with the
requirements of the Charities Act 2011 {'Ihe Act'l.
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carying out my
examination I have followed all applicable Directions given by the Charity Commission under Section 145151(bl of the Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have ¢ome to my attention in connedion vitth the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act: or
the accounts do not accord with those records- or
the accounts do not comply with the applicable requirements conceming the fonn and content of accounts set out in
the Charities (Accounts and Reports} Regulats'ons 2008 other than any requirement Ihat the accounts give a true and
fair view which is not a matter considered as part of an independent examination.
I have no ¢on¢ems and have come across no other matters in connection wilh the examination lo which attention should be
drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Jere
Salisbu
e Institute of
arter
Accountants in England and Wales
Salisbury &
Chartered
Irish Squa
Upper Denbigh Road
St Asaph
Denbighshire
LL17 ORN
ntants
Date..
Page 5

The Neumark Foundation
Statement of Financial Activities
for the year ended S April 2024
2024
Unreslricled
fvnd
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and légaciés
39,733
324,290
Investment income
8,704
1395,997}
Total
48,437
171,707)
EXPENDITURE ON
Raising fvnds
7,857
8.580
Charitable adivities
Donalions
158,938
345.879
Other
411
21,965
Total
167,206
376,424
NET INCOMEIIEXPENDITUREI
(118,7691
{448.131 }
RECONCILIATION OF FUNDS
Total funds brought forward
931,231
1,379.362
TOTAL FUNDS CARRIED FORWARD
812.462
931,231
The notes forrn part of these financial statements
Page 6

SAprt 2024
2024
Jno
fvnos
742
.197
.318
73'..939
.318
Cash at bank
127
(:.4761
11,37S}
125.913
811482
•31.231
812.412
931231
8IZ482
1.231
811462
931.231

The Neumark Foundation
Notes to the Financial Statements
for the year ended S April 2024
ACCOUNTING POUCIES
Basis of preparing the financial statements
The financial slalements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance wth the Charities SORP IFRS 102) 'Accounling and Reporting by Charities.. Slalement of
Recommended Practice applicable lo charities p￿parIng their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.. Financial Reporting
Standard 102 The Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act
2011. The financial statements have been prepared under the historical cost convention, with the exception of
investments which are induded al market value, as modified by the revaluats'on of certain assets.
Income
l income is recognised in the Statement of Financial Activities once tre charity has entiuement to Ihè funds. it is
probable that the income will be received and the amount can be measured reliably.
Exponditure
Liabilities are recognised as expenditure as soon as there is a legal or construclive obligation committing the Charity
to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been
dassified under headings that aggregate all cost related to the category. whe￿ wsls cannot be direcuy attributed to
particular headings they have been allocated to activities on a basis consistent with the use of r8sources.
Grants offered subject to Conditions which have not b88n met al the year end date are noled as a commitment bul
not accrued as expenditu￿.
Tanglble fixed asset$
Depreciation is provided at thè following annual rates in order to write off each asset over ils estimated usefijl life.
Planl and machinery
Taxation
The charity is exempt from lax on its charitable aclivities.
Fund accounting
Un￿StriCted funds can ￿ used In attordan¢e with the charitable objectives at the discretion of tre trustees.
Reslricled funds Can only be used for particular restricted purposes within the objects of the ¢harty. Restrlctions
arise when specified by the donor or whan funds are raised for particular restricted purposes.
Further explanalion of the natu￿ and purpose of each fund is included in the notes to the financial slalements.
INVESTMENT INCOME
2024
2023
Dividends received
Interest received
Revaluation of Investments
10,199
1,555
13,0501
9.398
917
(406,3121
8,704
(395,9971
Page 8
continued...

The Neumark Foundation
Notes to Ihe Financial Statements - continued
for the year ended 5 April 2024
RAISING FUNDS
Raising donations and legacies
2024
2023
Support costs
1,008
810
Investmont management costs
2024
2023
Support costs
6,849
7,770
Aggregate amounts
7.857
8,580
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustées, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended
5 April 2023.
Trustees, expenses
There were no trustees, expenses paid for tr¢e year ended S April 2024 nor for the year ended 5 April 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
324.290
Investrnènt income
(395,9971
Total
{71.7071
EXPENDrruRE ON
Raising funds
8.580
Charitable activitiès
Donations
345.879
Other
21,965
Total
376,424
NET INCOMEI(EXPENDITUREI
1448,1311
RECONCILIATION OF FUNDS
Total funds brought foThJard
1.379.362
TOTAL FUNDS CARRIED FORWARD
931,231
Page 9
continued...

The Neumark Foundation
Notes to the Financial Statemènts - continued
for the year ended 5 April 2024
TANGIBLE FIXED ASSErs
Plant and
machinery
COST
Additions
824
DEPRECIATION
Charge for year
82
NET BOOK VALUE
At 5 April 2024
742
At 5 April 2023
FIXED ASSET INVESTMENTS
Shares in
group
undertakings
Listed
investments
Totals
MARKET VALUE
At 6 April 2023
Additions
Disposals
Revaluations
805,318
173
182.0581
7,664
805,318
273
182.0581
7.664
100
At 5 April 2024
100
731,097
731,197
NET BOOK VALUE
At 5 April 2024
100
731,097
731,197
At 5 April 2023
805.318
805,318
Ther8 were no investment assets outside the UK.
Cost or valuation ai 5 April 2024 is represented by..
Shares in
group
undertakings
Listed
investments
Totals
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost
1,217.604
{412.2861
{74.2211
1.217.604
1412.2861
(74.221 }
100
1CIO
100
731,097
731,197
Page 10
continued...

The Neumark Foundation
Notes to the Financial Statements - continued
for the year ended S April 2024
CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Other creditors
1,475
1,375
MOVEMENT IN FUNDS
Net
movement
in funds
At
514124
At 614123
Unrestricted funds
General fund
931,231
{118,769}
812,462
TOTAL FUNDS
931,231
{118,769}
812,482
Net movement in funds, included in the above are as follows:
Incoming
resources
Resource5
expended
Movement
in funds
Unrestrlcted funds
General fund
48.437
1167,2061
{118,769)
TOTAL FUNDS
48.437
1167,2061
{118.769}
Comparatives for movement In funds
Net
movement
in funds
At
514123
At 614122
Unrestrictéd funds
General fund
1,379,362
{448,1311
931,231
TOTAL FUNDS
1,379.362
1448,1311
931,231
Comparative nel movemenl in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Mov&menl
in funds
Unrestricted funds
General fund
{71,707)
1376,4241
{448,131 }
TOTAL FUNDS
{71,707}
1376,4241
(448.131)
Page11
continued...

The Neumark Foundation
Noles to the Financial Statemènts - continued
for the year ended 5 April 2024
MOVEMENT IN FUNDS-¢ontinued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
514124
At 614122
Unrestricted funds
General fund
1.379,362
(566,9001
812.462
TOTAL FUNDS
1,379,362
1566,9001
812,462
A current year 12 months and prior year 12 months ¢ombined nel movemenl in funds, included in the above are as
follows..
In￿rnIng
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
123.270)
1543.6301
{566,900}
TOTAL FUNDS
123.270)
1543,6301
{566,900)
10.
RELATED PARfY DISCLOSURES
Al 31 March 2024. Ihe Chadty owed £100 {2023 - £Nil) to velo￿ Motorsports Limited in respect of unpaid $har8
capital.
Page 12

The Neumark Foundation
Detailed Statement of Financial Activities
for the year ended 5 April 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gsft aid
34,500
5,233
126,520
197,770
39,733
324,290
Investment income
Dividends received
Interest ￿ceiVed
Revaluation of Investments
10,199
1,555
13,0501
9.398
917
1406,3121
8,704
1395,9971
Totsl incoming resources
48.437
{71.7071
EXPENDITURE
Charitable actlvltles
Wages
Grants to individuals
17,000
134.729
26.791
294,168
151.729
320.959
Support costs
Management
Sundries
Website costs
Plant and machinery
24,920
2,409
82
2,491
24,920
Finance
Bank charges
1,008
810
Human resources
Recruitrnent
329
Govemance costs
Accountancy
Legal fees
4,800
6.849
21,965
7,770
11,649
29,735
Totsl ￿sourceS expended
167.206
376,424
Net exp•nditure
(118,769)
1448,1311
This page does not fonn part of the statutory financial statements
Page 13