NEWT Accounts 2023-24
Trustees Annual Report
Things are finally taking shape and progress is being made towards being able to launch
properly. We have secured a 2nd lease this year for a secure compound that will become our HQ
and stores for tools and materials. This compound is very overgrown and needs much tidying
before we can use it, so we have started purchasing tools. We have bought a range of battery
powered landscaping tools including pole saw, hedge trimmer, 2 chain Saws, a 5trimmer/brush
cutter and mini chain saw. We have also bought enough garden hand tools and safety wear for
a volunteer working party of 20. These tools should be adequate for all our tool needs in the
foreseeable future. A very good discount was negotiated on the power tools saving us over
£1,000.
The tools purchase has fflade a significant dent in our cash reserves but we were unable to get
started without it. The cash remaining is sandboxed to cover running costs only and no further
capital purchases can be made until more funding has been received. We have reduced the
amount held to cover future insurance costs to 2 years as we will almost inevitably have more
funding in place by then and if we really couldn t cover the costs we could always surrender
the lease. Realistically I would end up paying the insurance myself than surrender the lease.
But strictly speaking the charity has not got a committed liability for the many years of
insurance that we had previously held back out of an abundance of caution.
At the end of the year the 3" and final lease agreement is expected to arrive any time soon.
Our landlord has also pledged £500,000 for the building of NEW[ pond5 and other habitat and
public access improvements. Those funds will not be released until 8 design has been made
and ecologists are already doing baseline wildlife surveys as the first stage of that. Our landlord
is paying for the surveys so no costs will be incurred by us. That lease covers the 37 acre site
and that Is what will allow us to attract grant funding. So no Signif icant income has been
sought yet until that final lease has been completed. At the tiffle of writing this in June, that
lease has now completed, so the year ahead should be much fflore exciting as we can apply for
proper grant funding on the basis of actually having a nature reserve.
Rich Harrison

Profit and Loss Account
HSBC Credits
H58C Debits
HSBC Total
£499.16
-£5.380.82
-£4.881.66
Paypal Credits
Paypal Debits
Paypal Total
£39.20
£0.00
f39.20
Total In
Total Out
Total
£538.36
-£5.380.82
-£4,842.46
Balance Sheet
Cash
HSBC balance brought forward
Paypal balance brought forward
Balance brought forward
Cash this period
Expenditure thi5 period
6797.76
£9.19
£6.806.95
£538.36
-£5,380.82
Year endlng cash
£1.964.49
Ass￿$
Cash
£1,964.49
Total Assets
£1,964.49
Liabilities
Public liability insurance (committed for 2 years at circa
£500 per yearl
£1,000.00
Total Liabilities
£1,000.00
Balance
£964.49