Ch•rity regl$tr•tlon number 1176061 (England ind Wal) NEW LIFE WOOD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Caladine Charlered Certified Accountanls
NEW LIFE WOOD LEGAL AND ADMINISTRATIVE INFORMATION Tru•t•o• MrAndrew Mcclintock Ichalrl Mrs Lesley M'clelland ltreasurerl Mr Colin Gab811 Mr Stephen Dean Mi Marbn K8tt Charlty numb•r (Enghnd ond Wah81 1176061 Prln¢lpg1 •ddm8 The Lab Bulldlng l Tyler Country Park Pltsea H811 Lane B9$11don EJsex SS164UH Independent exarnlner John Caladine FCCA CTA FCIE Cgladine 'MIted Chantry Hou3¢ 22 Upperton Rood E8slboume East SusAèx BN21 1BF
NEW LIFE WOOD CONTENTS P•g• Trustees, report Stal•m•nt of TNslees' responslbllttles Independent examlne¢¥ report Stslement offinAnclal Slal8rnent of1Snanclal po3lUon Note• to the fflnanrJg1 $lat•monts 9-17
NEW LIFE WOOD TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees Present their onnu81 report and finandal ststernents for the year ended 30 Septernber 2025. The financial statement8 have been prepared accordance wth the Accountlng polides set out in note 1 to the ffinancial Btalements and comply th the charfV$ con$Ututlon, th• Chadtles Act 2011 and "Accounting and Reporting by Chanties.. Statement of Recommended Practice applicable to charities preparing thelr accoun15 In accoidance wlth Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclNe 1 Januory 20191. ObJectlve• and actlvltlè• Th• chartty's obl•ct8 ar•: 1. To relleve unernployment for the benefft of Ihe public In Essex. by the pfovlslon of opportunttles for voluntaerfng, training and work experience lo increase their employabllty,, #nd 2. To r•11• financlol hardship by tha provlslon of courses in money management and debt coun8ts1llng. Our Mls•lon Sl•t•m•nt: "Taklng Ilves and goods thal others would dlBcard and provlde Iht mo•n6 10 s•¢ lhotse Ilves and good6 renewed lo become a value¢J part of our cornmunlty New Llfe Wood Cor• Vglu•s'. Rwdlng lumbar Reducing landfill Re5torlng lives New Lrfe Wood 18 8 small charfty set up to help relleve unemployment and reduce ffnBnclal hardshlp. Our lorget benefiaaries are vulnerable aduhs Ihat are soclally disadvantaged for a variety of re8$ons In¢luding ex- offenders. thoBe Ilvlng wfth mental health problem8 Indudlng l?arning diffi¢ulU?6, and pevplo who ar¢ in recovery from drug or alcohol miBUSe. We wn a wood re¢ydlng proled Ihat 8UPPOrts work •xperl8nce opportunltles Includlng tralning and vocation81 exPed¢n lo our pl0MnIs. Th1$ Improves thfrlr chances ol employment, helps manage thelr finance3 and bulld$ confidence, glvlng hop6 for th6 future. We also recycle wood, giving it a new Ilfe whilst tr8nsfomilng thé livès of Vulnerable adults. Last year we saved over 275 lonne8 of wood wa81e frorn goinB Into landflll. thereby dellv•ring 8igntficant enrOnMents1 benefits. We are p8ld lo collect W881e y0d from bulldlng 81186 in our New Llfe Wood truck. The wood18 brought back to our silè to bè sorted. Som& wood is kept lor sale In our wood store whlch we were able to build in 2022 and make lull Use ol. Stjme wood 15 used to create products to sell in our shop or to meet bespoke orders. Our Ir8ined carpenlei designs items Ihat can be made by our placements th varylng le¥èl8 of ditculty •nabling tham to learn the skils they need in our. well-equipped Workshop. On average, the work placements attend one to Je$slon$ 8 we¢k whlch consisl of 8 three or slxthour shfft. There were 22 IndNidual placements who 8ttend¢d durlng the current reportlng year. Our usual length of a placement hès historically been three to six month8 but we have found that several of our placements with m8ntAI ha8hh condlilons need much longer time wlth us. We have many who have b88n with u$ for over six rnonths and placements celebrated year5 With u5 in September and continue to benefit from our services. This has reduced the number of placernent8 we havè had in thi8 rèporung yèar. We cuffently have 10 individu81 pl8cemenls attending on a weekty basis. We ar8 w01ng wlih the atternative education provider, 1Up Colledve, lo tske pla¢emenls aged betsveen 16 and 18 yeois of age. We have our first placernent who is attendlng vo sessions a week. We are pleased to be able to help younger persons who are not able to b8 In the school system. We expect to continue and extend the relalion3hip with Ihls provider. Eath placement beneffts from h8ving s?veT81 training modules delivered, including heath and safety in the workshop, with a view to increaslng thdr confidence levelB and prospects ol future employment. At the end of thelr placement, Ihey receive a pack which consists of certificates of training, a written relerenee for firture employers or volunleeFing- and pictures of products they have hplped lo from r¢Glaimed limber.
NEW LIFE WOOD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 As 8alarie8 are the blgge8t COBI. we keep th8 number of employed $18ff to a mlnlmvm. We have hvo fijll time employee5, the gener81 manager & c8ry)enler and currenlty six part tlme employees-the workshop manager, drfver8. Iwo108ders and a bDokkeepei- whlch add up to the equivalent of jusl over two fvrther fulktime staff in total. Our general rn8n89er has been wth us since February 2024 and is now well settled into the role. He h85 built good relallonships wh our relerring agencies and has enioyed w01ng with placements and 588lng lfves ch8nged. Fmm Seplember 2025 we have taken on a young. local apprentice. This has developed into a mutually benefidal relationship in which the apprentice is gaining woodwork & w08b0P Irainlng from us while we are benefng Irom his support In making bterns for Sale, 88 well a8 the stlrnulu$ his enlhuslasm provldes to our placements. Public ben&rif The Tru6tee8 are aware of thelr re8ponsibllkles. have had due reg8id lo the ChArfty Comml8sk)n'8 guidance on publlc benefit ¥then exerclslng powers or dub'8s in r818On to tho running of th& charity. We have engaged wlh our stakeholders lo ensure the be81 p053lble benefit l¥ delivered lo the public of Essex. The Stakeholder8 Steerfng Group meèts quartarfy and comprf88s r•pre8entatlon from'.- Referrfng agencles., New Lrfe Vvood Volunteers,. New Lwe Wood Staff., Our plaeam•nts', New Llfe Wood Tru8tees. We have a relallonship th.. - Bagildon Counul., Sl. Andrews Heallhcaf8.' Cygnel., E8sex P8rtnar$hlp Unlvorslty NHS Foundatlon Tru61'. Th? Probation Service HMP Ch•lmsford Chaplalncy Team.. Comrnunity Volunteers Servlces in Baslldon and Southend., Open Road. Basildon., VVe8t Lelgh Bapt181, Sholg81• Bapll$l #nd other Iocol church•8', Local schools. A¢hi•v•m•nts #nd p•rforniane• The Charty is 8581sled in delivering ts cttaritoble plm$ by 8 ¢ohort of vclunteer mentors vlllingly give up Ihelr Ilrne to Support the WO of New Llfè Wood and who also benefit from volunteerlng within the charity. Our volunteer m8ntor8 learn new sk1115 to help them work alongside and support vulnerable adults, through trainin9 provided by the charity. Thls Includes autism awareness, mental health ffirst aid awarene85. und¢rsl•ndlng parsonallty disorder and schizophrenia, and rnore. In Ivm, our volunteers feel better equipped to help understand and support the vulnerable adutts in our cere. They also love the sense of 'maklng a ditference, and 'giving back, to Ihelr local communty - which in lum increases their own sèlf4st88m And confidence. Many of our volunteers come frorn a bBckground of i501atiun and loneliness often caused by bereavement. During the rePo.n9 year we have had 14 volunteer mentors who worked on the site on variou5 days of the week. They have becorn8 5ki118d in carpentry and uslng powered and non*)owered hand tools as a result of the training 8nd support the charty provide5. They have also become effective listeners and befriender8 10 thtr vulnerable adults In our care, vthilst recognising the importance of working %w¢hin prDfe88i0ng1 bound8rie$ gnil slgnposling lor further support when needed. We are 8180 pleaseil that In a prevlousty male domlnated group,. three ladles now support regulady and bring new skllli. Wè cgn ¢)ffer support from a local Counselllng organlsatlon. Our work plarnents have been referred to us by stalutory and non-stAbJtory organlsations including St. Andrews He8tthcBre, Essex Partnership UniveTsIty NHS Foundation Tnjst IEPUTI, Cygnet. Thurrock Mind. Open Roa¢J Recovery Services, 1Up CollectSve and local churches. We have a150 negotiated refetTals with the Ioc81 Probgllon Service but disappointingly the irnplemen¢abon has been limited with no placements cendY with ttrs.
NEW LIFE WOOD TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 We 85$05$ our p18cemgnts vjhen they $tgrt out us 81 Ngw Llfe Wood gnd wilnue to do Bo throughout thelr tlme with us. We plan to meet thelr varying needs through mentoring and training and through partnering with their referrer. We keep records to evidence the growth in confidence and in other areas that we see. Three of our placement6 has been able lo find employment al ihe end of their time wth us, and others have gone on lo different volunteering or tralnlng opportunitie8. We art dellghted that during the reportlng year w& hovtr ¢onllnued to employ of our prevlovs plac•ments ¥Athln the prolèct. We offared daleB for COUfBe8 In money man8gement and debt coun8elllng but dld not have anyone attend. We are pleased to leam that the NHS referrers do offer their own courses. We will continue to offer courses and largol Iho8e that do not already have th13 prov1810n. We have many case studies that evidence the Slgnmcant Impo¢t of our project. We see Ilve8 changed and Improved through time spent at New L We Wood. We have had refett•l$ from StAndrew8 He•lth¢aro for almo$¢ 8ovtn years. Thoy say: M8ny of our p8tlents begln thg proj8et wllh low confidence, limited skills both physioally and 80cl8lly, and mlnimal motiv81ion. Yel through Ihe dedication, knowledge and supportprovthd by Ihe le8m af New Life Wood, we witn8SS remark8bl8 transfonnalions. Our pglienls grow. flourish 8nd so8r 81ong Ih8ir rg¢overy p8thw&ys. They gain confidence, dgvelop néw skills 8nd redlscover th&lr sans& of puo)os6 8nd joy. The posllive In17uenc8 of Now Lifo Wood is und&ni8ble. They inspir6, empctwerand change Ilves, leaving a lasting lrnpact on everyone they woth with. We are deeply gralelul for the inGTrdible work New Lrfe Wood doe8. Watching our patients Ihrive I98 of Ih•lr quid8nce is Iruly h8ortW8nnlng and motlvolionèl. A rTh)r8 recent refeTher to U8. Cygnel, wrote to 8ay.' We'rè c8lèbr8ting two ye8rs ofp8rtnership 81 Okl L81gh Hou8¢ With Ngw Lrfo Wood, g chArity th8t01s bolh petsple and m8lènols 8 S8concl chan¢8. Tlvo indivlduals we 8llPPOrt Bt Gur residential seryKe In Ess8x have be&n carving out n&w sknlls along6 skill8d mentors- leaming Ir8th'lionel woodwoffting techniques and creating handm8ts8 pieces Irorn reCled wood. This P8rtnership h8$ been 8 wl above the r8$1, helplng them lo bulld ¢wfid8nc•, community, and a morn susloin6ble future. Flnanelal revlew During the year, the th8rlty rn8de a deflcit of £23,641 12024.. Surplus ol £34,017). Total reseNes were £70,540 12024.. £94,181) whlch £4,88112024.- £20,792) were restrlcted. The buihjing of new prcpertles has nol plcked up a6 rnuch as we expecied frorn Govemmont plans. Th18 8dvor88 impacted our wood collection volume and re¥ullant income. We are confident that there will be On upturn in new bullds but whllsl thi8 recov¢ry may take somè Ilme, we have tspd thè expertise ol our te8m to ffind new revanu sourcas. In parlculai, tha enlire team has been involved with bespoke orders for timber goods from individuals, businesses, churches, schools, elc. Thls has requlfed the deslgn expertise of OUT manager coupled with many hours ol work frorn Btaff. volunteer5 & placernenls but has enabled seveial large proje¢15 to be completed wrfh ignific8nl income for New Lffe Wood. Biggest of these was 8 contT8Ct for seating. stor8ge and large plyy oquipment lor a local primary school. On completlon, the school wrote indudlng 'We are real pleased with all the work you have completed. We love the name and accessories on the ship! The children can't wait to play on it.. Other schools have shown interest and we expect io expand this Side of the business. We have a150 developed partnership wtth the company that are bvilding th8 new Thames cr055ing and aro disaJ551ng lots of Dpportunitle5 for produd building and wood collections. Earned Inco, from wood collections, wood sales and products made by our placemen18, covered 54% of our running costs this year. We have relied on grants and gift5 to fund the remalnlng 46V..
NEW LIFE WOOD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 In th& repDrtlng y&ar w8 wgre very grateful to re(fv& gT8nts totalllng £7,500 from PFCC towards our placetnenl costs. We also roeeived £24,565 in unTestri¢ted grants that w& couhl use lor our CO CDSt5 from the Garfeld Weslon Trust. th8 Coombewood Amenty Fund through Es8ex Communty Foundation, th8 Augusbne Courtsuld Trust and the Chapman Charft8ble Trust. We would like lo thank all our grant providers for their ancouragornenl and support for our work. It Is Ilkely that the Charity will continue fo need flnancial support vla grants to $uppbment r6v•nuè gèneralad from its advities in ordr to cover totsl operational costs, so èfforts lo obtain further grants will cnnUe. W8 woukj also Ilk8 lo Ih8nk our regular supp)rter$ and our onfroff donors stepped In when w8 Were struGgllng. The SUPPL¥t W98 much needed and very rnuch appraclat8(1. All fund8 w•m held In tha bank In our current and 98vlng8 occnts. RèsèThgs polky It ig the pollcy of the itsnty that unreslrfcled funds which have not b88n designated lor a spefic u88 should be malnlbimd 8t 8 minimum level equiv818nl Irj month'5 8xp8ndItU. The trustees con8ider th8t reseryes al Ihl8 lèvel will ensura that In Ihe 8venl of a 61gninc8nl drop In funding, thay will be able lo conb'nue the chArity'3 cvrrenl advlli•s whlle ¢SIderatIon is glven lo ways in whlch &ddititsrtal funds may b8 ralsed. Thls k8vel of BerVeS has been maintainad throhOUt the year. rlsks The Trustaag assessed the maior risks lo whlch Ihe Charfty Is 8XPO8od and are 6ati8figd that Sy8t8ms are In place lo mUggte exp08ur• to lh8 maior risk6 StrUCre$ gov•manc• and manag•m•nt The Chanty operates vl8 8 CIO and uses 8 W(y)d rècycling project whkh is part of 8 n8bonal neiwwk of 30 plus franchl866 to achi8ve 118 aims. The trust who 8erv&J durlng y8r and up to tha dalg of Blgnature oflhe ffinanc&l $latementS Ware.. Mr Andr8w Mcclintock (chair} Mrs L8sley M'Cl8118nd1tr888UTerl Mr Cdin Gabell Mi Stephen Dean Mr Marfin Kett Recruitment and 8ppointment of tmst865 Now Trugt809 8re appointed by the •xistkng Trustees. The Ch8vlty ha5 a Trnstee Pollcy which Includès Inductstsn and tralning and development of Iho trustees. None of Ihe Trustees has any beneficial inter8St In the charlly. All Tnjstees ar6 mernber8 01 the CIO and guar8nt88 to rx>ntrlbute £1 in the event of a wind9 up. L M'clèlland was employed by lh8 charlty a8 the bookkeeper before she b8came 8 Twstee and conts.nued lo bè 8 pawj employee. Wherever the is likety to be a conflict of int8rest in an Item dL%cJJ$sgd, it is declared, and tho n6cessary procedures undertakèn. The Tote9$. r rtwas apprmd by thè Board of Twstees. drew mcclint l¢hairl TrusteE Datè".
NEW LIFE WOOD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trv81eé8 8r8 r•spon81ble for preparing the Twstee8' Report and the fln8ncl81 statements in accordance wNh applicable 18w and Unrt8d Klngdom Accounting Stsndards Iunrteil Klngdom Generally Accepted Account(ng Praeticel. The law applicable to charities in Engl8nd and Wales requires the trustees to prepare flrhana81 statements for each flnanaal year which glve a true and falr vlew of the state of affairs of the chartty and of th8 Incornlng resources and applicaty'on of rasourcos of the charty for that y&ar. In praparing those fln8ndal statement8. the Iru5tees are requlred to.. select sultable occounting poliae8 and then appty them consS¥lenty-, observe the methods and prfnclple5 in the Charities SORP., make judgement5 and 83tln78les that Bre re8sonable and prudenl.. state whether appllcable accountlng standards have been followed, Bubject tu any materlal departures dl8clo8ed and explained In th¢ ffnanciAI statements.. and prepa the flnandal 818tements on Ihe going con¢•m ba8[$ unle8$ It18 Ingpproprfale to presume that the charlty wlll ¢gnllnu8 in operallon. The tTU8lees are reBponslbl• for k••plng $ufM•nt accounting recoTd$ that dl$¢lo#8 wlth ragsonable accuracy at any tlme the financial posliion of the charity and enable them to ensure that th8 financl818t8tement6 comply wlth the Ch8rtle& Acl 2011, the Charity IAccounls and Reports) Regulallons 2008 and th8 provisions of the trust deed. Th•y are also responsible for Safeguarding the 885el8 ol the charlty and hence for taklng ffj48onabl8 at•pÉ for the prev&nllon and detectlon of fraud and other Irregul•rtti•$.
NEW LIFE WOOD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW LIFE WOOD I report to the tnJ8t•88 on my ex8mln8llon of Ihe ffn8nd818t81em6n18 01 New Life Wjod Ilhe ¢harityl for the ye8r ended 30 September 2D25. Re•pon•lbllltlM and ba•l8 of rnport As the trustetr$ of the Charity you are responsible for the preparallon of the flnanclal 81algments In accordancg wllh the requirements of the Charities Act 2011. I report in respect of my exarnination of the charity's finanaal statements carried out under seciion 145 of the Charfties Act 2011. In carying out my examination I have followed the D1ctionS given by the Charity Commi88ion under sèction 14515llbl of the ChBritie8Act 2011. Ind•p•nd•nt oximln•f• •tat•m•nt Your attentlon 18 drawn to the fact that Ihe charity ha8 prepared the flnanclal Blaternent8 In accordance wtth the relevant ver8lon of the Slalement of Recornmended Practice applicable lo charilR6 preparing their financtal 8t8t•ments In accordane• vAth the Fln8nci81 Reporting Standard appllcgble In the UK and Republlc of Ireland IFRS 1021 In pr8f8r•nc• to the Accounllng And R¢porting by charl¢$,. Slalemenl ol R¢¢omm¢nd¢d Practlco l$sued on 1 Aprtl 2005 which IB referred to In the extant regulatlons but has now been wrthdr8wn. l und&r8tand that Ihls h88 been done In order for the financial statements to provide a true and fair View in 8ccord8nce with UK Generah A¢¢epled A¢counling Pracllce. I have compl•tsd my •x8mln8tlon. I confimi IhAI no m8tt•r$ h8¥e come lo my 8tt•nlion In ¢onne¢tbn wllh tha examination g5vlng m8 cause to belleve that In gny matadal re$peci'. ceounllng r¢¢ords wgro not k¢pt In respect ol Ihe charlty as r•qulred by sectlon 130 of the ChartUe8 Act 2011. the financlal 8laternents do not accord wtth thoBe record8', or ihe finandBI stgtemnts do not comply th the oppllcable r¢qulremenl8 CDneeming Ihe form gnd content of Ilnancial statements set out in the Charitses (Accounts and Reports) Regulation8 2008 olher than any requlremenl that the financl81 statements glve a true and falr vlew. whlch Is not a matt8r con8ldeTed as part of an indpend?nl examination. I have no conc8rns And hAvè com8 aeross no othèr m8tt•rs In conn•ction wlh tha 8xamSnatlon lo wlJl¢h att•ntlon strould be drawn In thi8 report In order to enable a propeT understandlng of th• fin8ndal statements to b8 reached. John C•l•dln• FCCA CTA FCIE CaladiTre Limited Chantry House 22 Upperton Road Easibourna East Su58&X BN2118F DAtè'.
NEW LIFE WOOD STATEMENT OF FINANCIAL ACTIVITIE8 INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 UnMirfct•d R••trlcted fund funds 2026 2026 Total Unrejtrfcted R••trlctsd funds fundB 2024 2024 Total 2025 2024 Nots8 Incom8 from.. DonaOnS and leqades Chaiitable activities Inve8lmenl$ Other income 59.831 92,868 220 5,836 7.600 67,331 92,888 220 5.836 44.353 84,943 398 11.082 50,100 94,453 84.943 398 11.082 Total in¢om• 158.755 7.SOO 186.2SS 140,778 50.100 190,878 Exp•ndltur• on: Charitable actlvh 1efj.485 23,431 189.898 132,437 24,422 156,859 To¢al •xppndltur• 166.485 23,431 189,896 132.437 24,422 158,859 Net In¢om•ll•xp•ndltur•l (7.7101 {15.9311 123,8411 8.339 25,878 34,017 Transfer8 behveen lund5 16 24.500 124,500 N•t mov•m•nt In fund• (7,7101 {15.9311 123.8411 32,839 1.178 34.017 Reeonelllat+on of fund•: Fund balances gt 1 October 2024 73.388 20.792 94,181 40,550 19,e14 60.184 Fund balanc •t 30 8?pt•mber 2026 85,679 4,881 70,540 73,389 20,792 94.181 The statement of finanrAal acvlties Include6 all galns and108$e8 recogni8ed In the y•Ar. All Income and exp8ndMure derive from ¢onlinulng activlD"o$.
NEW LIFE WOOD STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025 202S 2024 Not•s Flx•d ts6•ts Property. plant and w4uipmont 12 16,713 21,113 Currnnt awt8 Trade and oth•r recefvoblgs Cash at bank and in hand 13 28.448 32,720 12,454 69,430 61,168 17,3411 Curront Ilab511tl•• 81,884 16,8161 14 N•t current aM•t• 53.827 73.068 Total a$••t• l¥ty• curr•nt Ilablllil•B 70,540 94,181 N•t au•ts 70.540 94.181 Th• funds of th• charlty Re51rict6d Sn¢ome funds Unrestrictsd luThJs 16 17 4,861 65,879 20,792 73.389 70.540 94,181 The financial $ts18me wer8 Approved by the tnJst••s on....1.a..,.i.2.. cCllnto¢k Ichairl Mrs Le81 Tru¥ 'Clelland1trga6urerl
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollGle8 Charity inftsnn•tlon New Life Wood is a Ch8ritable Incorporated Org8niBation (CIO) 1.1 8¥81• of prgparatlon The financial statements have been prepared in accordance wilh the tharrW8 governing d0Ment, th¢ ChArrties Act 2011 ond 'Accounting and Reporting by Charttles., Slalemenl of Recomrrended PfBdce applicable lo chantle8 preparlng thelr accounts in accordanc8 With tha Flnanclal R&porting Standard applicable in tho UK and Republic of Ireland IFRS 1021 leffeclbve l Janugry 20191. The charfty Is a Publlc Bene1 EnJly 85 defined by FRS 102. Th8 charlty has tak8n Advantage of the provlslons In the SORP for charlues apptylng FRS 102 Upd91• Bullolln 1 not to prepare a Statement of Cash Flows. The flnanrial slalemenls have departed from the Charlll•$ IA¢¢ounts and R8POrtsl R8gulallon8 2008 onty to the exlenl requlred lo provlde 8 true and fair vlew. Thls departure has Involved followng Ihe Statement of Recommandad Pradce for charltlas apptylng FRS 102 rather Ihan the verslon ol the Ststemenl of Recommended Practice vthich Is referred to In the Regulatlons but whlch ha8 slnce been wllhdrewn. The fln8ndo18latsment8 are prepared in sterflng, whSch Is the fun¢llonal CUTrnncy of the charlty. Monetary amounts Sn these ffinandal stsl?menls are round•(I 10 the n••re$t £. rhe fingnclgl s1olemenl$ have been prepared under the hl8torlcal COBI convenUon. The prlnclpal accounlng pollde8 adopted are Bet out below. 1.2 Golng ¢on¢•m At the time ol approving the financlal slatemenls. the tru6lee8 have 8 reasonablè expeclatlon that the charfty has adequate re80urce8 lo corrtjnue in Operati81 exlslencÉ for thè lor•ge•able luture. Thus the trustee5 COnnUe Its adopl the golng ¢oncern b¥818 of accountlng In pr•p8rlng the flnandal Statements. 1.3 Ch•rft•bh fund• Unrestdctad funds are avgllable for use at the dlscretlon of the tnJ8lee8 In furtherance of thelr charttab oblectives. Reslrlcted fiJnd6 are Subject to specKk condltions by donors or grantors as to how Ihèy m8y bo u8•d. Th purposes and u8es of Ihe restricted funds are set out In the note8 lo the fin8nd81 staternents. 1.4 Ineom• Incowo IB recogni5 when the ¢harity 1$ legolly ¢ntitlod to It after any performance condition8 have been met, the amounts can be mea$ur¢d rellgbly, •nd il 1$ probabk that income be recelved. Cash donations are recognised on receipt. other donatlons are recognised once the charity has been nolffied of th• d¢n81ion, unl88$ p8rfomancè COndon$ require deferrgl of the amount. Income tax recoverable In re14tion to donatlons recelved under GiftAld or deeds of covenant is recognised al the time of the donation. L&ya¢l¢s arp ro¢ognl$ed on r8¢elpl or otheAse if the charity has been notified of an impending dislribulion, the amount 1$ known. and receipt Is expected. If the arnount IB nol known, thts legacy 18 trèatèd 88 contingent asset.
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcle4 Icontlnuodl 1.45 Expendliure Expendrture Is re¢ogni$ed on an ccru•ls basls when the Ilabllty is incurred. Charitable expenditure comprises those costs incurred by the charity in pursuit of it8 chontsble oblectlv•s. Support and governance cost5 are recharged to the rnain activrtie8 and fom part of the charitable expend1ture with a separate anaty815 belng Sn the notes. Governance cos15 include th080 costs As$oclated with meeting the statutory requlrernent$ ol the charfty and Include Independent Examlnatlon fees and cost6 linked to the strategic managemont ol the charity. 1.6 Property, plant and equlpm•nt Property, plant and equlpment are initially measured al co81 and subs•quenlly me•aurèd At cost or valuatlon. net of depreaation and any impalrmenl1085es, Depreuation is recognised so aB to wrtte off Ihe cost or valuBlon of a8Set8 les3 thelr re8ldu•l v)lues over th•lr u8efiJl IlveB on the folln9 ba¥l8'. Flxiures and fittlng8 Motor vehldes 3 years Btr81ghl Ilno 20% reduclng balance The gain gr1085 aiislng ¢n the dllposal of on 888et is dalemined 8s the difference beeen the sple proceeds end the rarylng value of the assat. and18 recognlsed In the slalement of financlal actlvlties. 1.7 Impalm•nt of non4urr•nt 8•8•ts At each reportlng end date, the ch8rfty rèvlewa th• carrylng amounts of It8 tanglble 088ets to determlne whether there is any Indlc8llon that Ihosè assats have suff&red an Impoimient IOSB. If any such indicallon exist8, the reeoverable amount of the asset Is e8'mated in order to deteTrnine the trxt8nl Of the Inwalmont loss Ilf gnyl. 1.8 C••h •nd ¢o$h •qulval•nts Cash Bnd c83h equlent& Include rA8h In hand, deposlts held At call th bonk8. Other Short-terrn liquld inve5tmtnts th origlnal mAturltles of three months or less, and bank overdrafts. Bank overdraft6 are shown thin borrmnys In current liabilhles. 1.9 FSnancl•l In•trum•nts The ¢harfty has #l¢cted to 8ppty th• prowslon8 of S•ction 11 'Basic Financial In8lrumenl8' of FRS 102 10 ell of s flnandal Instruments. Flnanci81 instruments are Tecognlsed in the charitys balance sheet when the charhy becomes party to the contractual provisions of the instrument. Fln8n¢l818swl$ and Ilabililles are offset, wlth the net amounts presented in the fin?nclo1 slolem¢nls, when there is a leg811y enforceable right to set off the recognised Bmounts and there 18 pn intenllon lo $ettle on • nel basis or to realise ihe asset and settle the liability &imultaneou51y. 8a¥ic fin•n¢lal •8$01S Basic financjal assets, whlth Indudè tr8de and othér r8c•lvables and cash 8nd bank balances. are Inltialty measured al Iran5a¢tion price induding transaction costs and are subsequenuy carried at 8morts'$ed c051 usSng the effective Interest method unless the arrangement constitutes a financing iransaction, wher8 thè transaction is measured at the present value of the futu receip15 discounted al a market rate of interest. FinancAal assets classified 85 recelv8ble wthin one year are not amort5sed. 10-
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 A¢eountlng pollcl•s IContlnu¢dl B•sic financial liabilities Basic Ifnantial Ilabilities. Includlng trade and other payae$ and bank loans are inffjahl recognised ot transactlon price unless the arrangement constitutes a finandng transactlon, where the debt instrurnenl Is measured at the present value of the future payments discounted at a market Tate of interest. Financial Ilabllilles dassified as payable wlthin one year are not amortlsed. Debt Instruments are 8ubsequentty c8Trfed at amortised co81, u8lng the effecllve Inl?tv¥t rste molhod. Trgde payabl88 gre obllggtlon8 to pgy for goods or servl¢e8 that hgve been 8U1red in the ordinary COUTBe of operatlons from suppllers. Amounts payable are classifled as current liabilitles rf payment Is due wlthin one year or leBS. If not, they are presented as non-current liabilities. Trade payable8 are recognised InlliBIy 81 Ir8n$actlon prfce bnd ¥ub$equenlty measured at amorU¥ed 11 u6lng thtr 8fftctlv& Int•r88t méthod. D•rnetwnlHon of flnanelal Il•bllhl•8 Financt81 Ilabl1e8 are derecognl8ed when the charfty'B contractual obllg8Uons explre or are dlschargad or cancelled. 1.10 Employe• bèn•flt• The cost of any unused hollday enlill?m?nl l¥ rvcognls•d In th• p•rlod In th• vmploy¢•'$ s¢rvI3 arn received. whgr¢ the v8lu¢ 1$ mo1¢rf81. Terniination benefrts are recognised Immediately a8 an expen8e when the charity 18 demonstrably commhl•d lo tarmlnatè the grnploymont olln employee or lo provldo lamlN8tlon btrn•fft8. 1.11 R•tlr•m•nt b•n•flt• Payments to defined contrlbullon rellremenl ben•fil 8theme$ are ¢h•rg•d •s •n Éxpan88 ai thay fall duo. Crltl¢•l •¢¢ountlng ••tlm•t•• •nd ludg•m•nts In the appllcation of the charty's accountlng poliaes, the tru31ee5 a required lo make judgements. estimale8 and B8sumptions about the carylng amount of assets and Ilabililfes that are not wdity apparent frorn other source5. The e5tim8tes and 88SOCl8ted assumptions are based on historic81 experience gnd othgr laclors that ore consldered to bo relBv¥nl. Aaual Te8ult8 may dltsr from these esllmJte8. The estimates and underfylng assumptlons are revlewed on an ongoing baslg. Revlsbons lo eccountlng e6tlmates are recognised in the perlod in whlch the esllrnaie is revised where the revi8iDn allects only that period, or in the period of 1he revhion and future perfi)d¥ where the revislon affects both current and fLrtur• ods. 11
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from don•Uon8 and legaci Unre¥trlctod Rmtrlcted fund• fund 2025 2025 Total UnrostrlGted R•8trfct8d funds lund• 2024 2024 Tot•1 2028 2024 DonaonS ond glns Grants 15,268 44,585 15,266 52,065 22,203 22.150 22.203 72,250 7,500 50,100 59,831 7,500 67,331 44,353 50,100 94,453 Grnnts Pollce Bnd Fire Commlssloner ECF The Albert Gubay Charttable FoundalSon Po8l¢ode Place's Trust Garfield Weston Fovndatlon Lottery Communlty Fund Charlas S Fr?n¢h Charitable Trust The Clothworker8' Found8tlon Grants < £3,001 7,500 7,500 8,585 8.585 20,000 20,OCQ 10.000 10,000 10,OC 10,000 19,100 19,100 4.000 4,000 4.400 7.750 22.CtrJO s,TrJo 28,400 12,750 6.000 e,000 44,565 7,500 52,085 22.150 50.100 72,250 In¢om• from ch•rtt•bl• aetlvltl•• Unre•trlct•d fund8 2025 Unre•trfei•d fund• 2024 Wood colledons and g¥le of goods 92.868 84,943 Ineorne frDm InvMtments Unre8trtct•d Unr•8trfctod fund# fund8 2025 2024 Int•rest ceIVable 220 398 12-
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Oth•r Incom• UnMtrfct•d Unre•trbcted lund• fund8 2025 2024 Net goin on dispos81 of tangible fixed B8set8 GIftd recoverable •nd pl•¢emenl fees 16,5381 17.fj18 5,836 5,836 11,082 ExpgndltUTO on ¢h•rll•bl• •etlvlll•• Charhabl• •xp•ndltur• Charitable expendttu 2020 2024 Dlr•ct ¢o•t• Staff cost$ D•pfeclatlon 8nd IMpaient Travel and sub$ldertc* Se costs Rates Rent Motor expen5 133,994 4.400 7.486 4.395 1,229 6,500 2.788 115.440 5,756 7.716 558 1,125 6,0 776 k 11 In8ur?nce Offlce c05t5 Regulatory and profes8kJn81 cost8 Wood chlpplng Tools and equlpment General expenieB Other cosl8 Irreeover8ble VAT PPE 4,263 348 3,874 5,548 2,271 1,958 7,439 722 605 4,035 2,276 2.865 928 2,441 651 799 187,818 154.899 Shar• of Bupport and gov•manc• costs l•ee note 8} Govemance 2,080 1.960 189.898 156,859 Analy818 by fund Unrestricted funds Reslricted funds f66,465 23,431 132,437 24,422 189.896 156,859 13-
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Support CO8ts alloGatsd to actlvlll 2025 2024 Accountancy 2,080 1,960 Analysed bfrtrmeen: Chadlable ActpiilieB 2,080 1,960 Accountancy fees Ilsted above Indud&s paym8nts to the Indap8ndènt Examlner of £895 12024.. £8801 for Independent Ex8minallon work and £1,18512024.' £1.0801 foi other sewvlces. Tru¥t••• During the year, Lesley M'clelland Itwil8•1 w•s paid £9,490 In her capadty a8 bookkeeper12024.' £7,371). Tru8t•e don8tlon• In the yèar totalled £e,51812024'. £4.2401. No Iru8tea8 r•Id Any •xp•ni•s during the year. 10 Ernploy•o• Th• overage DnIhty number of employees durfng the year was.. 2026 Numb•r 2024 Numb•r Employment co•ts 2026 2Q24 Wage8 and s8larte5 Sod81 $¢¢urity ¢ost3 Olher penslon cost5 128,531 3,205 2,258 108,140 2,548 4,752 133,994 115,440 Ther8 were no employees whose annual remun8ratlon w98 mor• than £60,CK*J. 11 T•Mtlon The charfty Is exempt from taxatlon on Its 8cAfivlllts8 bec8u$e all IIB Income is applled fcfj charftalAe purposes. 14-
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 12 Property. plant •nd •qulpM•nt Flxtur# and flttlng Motor vehlc Totsl Cost At 1 Octobtsr 2024 4.736 34,555 39,291 AI 30 September 2025 4.738 34,555 39.291 Depreelatlan and Impalrni•nt Al 1 October 2024 Depredatlon charg•d lft th• year 4.514 222 13.664 4.178 18,178 4,400 At 30 September 2025 4,736 17,842 22,578 Carylng amount At 30 September 202S 16,713 16.713 At 30 Seplefflber 2024 222 20,891 21,113 13 Tr•d• and oth•r r•c•lvable8 2025 2024 Amounts l•lllng du• *lthln one y•Ar'. Trade recelvable• Pr•p8yments and accrued income 27,906 542 11,912 542 28.448 12,454 14 Curr•nt Ilabllltl 2026 2024 other laxotlon and 80do1 secudty Trade poyables Actyuals and deferred income 4,487 1,244 1,630 8,872 1.580 7,341 8.816 18 Retlroment b•nefit •Ghem 2025 2024 O•fln•d eontrlbutSon hne Chorge to profit or106s In rospecl of deffned ¢ontribuiion Schemes 2,258 4,752 Th? ¢h?wity operates a defined contrfbutlon pen#lon 8¢heme for all qualfying employees. The assets of the scheme are held 8epar8tety from Ihose of the charity in an lnd8p8ndenY administered fijnd. 15-
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 16 R•trlct•d fund• The restrlcted ftjnds of the charity comprise the unexpended balances of donations and grants held on trust subject to SP8dfic conditions by donor5 as to how they rnay be used. At 1 October 2024 Incomlng r••oure•s R•8oure•8 expendèd Tran•f•rn At30 September 2026 Property fijnd Wages fund Llfe and amploymènl skllls PPE bjnd Consuhanry fund Tools fund 3.000 15.343 13,0001 115,3431 12,9491 16051 15711 19831 7,SC4J 4,551 310 915 571 963 20,792 7,500 123,4311 4.881 Pr•vlou• y••r'. At l October 2023 Incomlng ourc•• Refource• expended Tran•ler• A130 S•w•mb•r 2024 Property fijnd ge8 lund Ex-offender8' expense¥ fvnd PPE lund Consult8nLy fvnd Truck fund Tool$ fvnd 3,000 23.100 3,000 15,344 14,814 2,500 1,713 S87 122,5701 12,$001 17991 1181 914 571 22,CtyJO 2.(0 122,C¥)01 11,0371 19,614 50,100 124,422) 124,5001 20,792 The Ex-offenders, expenses lund conlalns a donation given towards the support of ex-offender$. Th¢ origlnal donor infomied the charity that these monles can be repurposed for unTe8trScted u. Atran$fei to unreslrfcted fund6 wa6 made In the year 2023124, dosing the fund. The Llfe and &ryJloym•nt fund provldeg Ille and employment skllls tralnlng for sectioned mental health P8ti•nts and Is lundad by th• Pollc•, Flre gnd Cdme Commissioner for EB3ex. The PPE fund holds rnoney previousty gNen lor the purchase of PPE, to protad our us•rs and volvnteers whilst operallng rnachinery etc. The Consultancy fund contslns grants gNen towards counselling BeNirE8 provided lo 8ewvlce u8erB, 818ff and volunteers, as well as for evaluation of our strategies. The Truck fund repros¢n15 grant monles r&¢¢lved lor the purchase of a ULEZ cornpliant truck. As the truc 18 held for geneT81 purposes, a transfer has been made from the restricted fvnd to vnre¥triclgd funds representing the purchase of the truck. 16-
NEW LIFE WOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 17 Unr••trlcted fund• The unre8th.cted fund8 olthe th8rlty comprfse the unexpended balance8 of donations and grants ¥thlch are not subject to 8perAffc condltlons by donDts and grantors as to how they may b? used. These indude de8Ign#led fvnd$ whlch have been set aside out of unresthcted fiJnd3 by the trustee$ for 8pecthc PUTpose8, At l October 2024 In¢omlng r••our¢•* Reiourees •xp•nd•d Trnn8fer# At30 S•pternb•r 2025 General funds 73,389 158,755 1188.485} 65,679 Pr•vlou• y••r: At 1 O¢tob?r 2023 IneDmlnq r••ourc•• R•8ource8 •xpend•d Tran•f•r• At30 S•pt•mb•r 2024 General fund¥ 40,550 140,776 1132,4371 24.500 73,389 18 An•ly•l• of n•t ••••ts b•tw••n lund• Unrv¥trl¢t•d fund• 2025 Re•trleted lund• 2025 Totsl 20215 At 30 S•pt•mb•r 2026: Prop81ty, plant and &quSprn8nl Current a8881slllabllltle$l 18,713 48,9e6 16,713 53,827 4.881 65.879 4,861 70,540 Unrn•trlcted fund• 2024 RtrIcted funil• 2024 Totsl 2024 At 30 S•ptsmb•r 2024: Property, plant and equlpmenl ¢ent assetsllllabllhlesl 21.113 52.278 21.113 73.088 20,792 73,389 20,792 94.181 19 RelatBd party trnn•actlons There were no disc105able related party transactions during the year12024- none). 17-