Charlty rffjlitrntlon numb•r 1194204 IEnil•nd •nd W•l•s) THE NEWMARKEf CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025
THE NEWMARKEf CHARITABLE FOUNDATION lEcL AND ADMINISThATNE INFORMAnoN J Crovthrst R Flynn N Palton K HarKock P Cullen lpFolnted 4 Ntyffiber 20251 Chlrlty numbèr IEnil•nd •nd W•l•s) 1194204 I Siaploe Aws Cambrldgeshlre CB7 5JW Whltlngs LLP George Court Bartholemews Walk Ely Carnbridge5hlre CB7 4JW
THE NEWMARKEf CHARITABLE FOUNDATION Tru5tees' reFort Sn(kpendent examlnefs rep)rt StateTrent of finarKlal actfvltie5 Statement of financial p051tlon Notes to the financial staternents 10.18
THE NEWMARKFf CHARITABLE FOUNDATION TRUSTEES, REPORT p THE YEAR ENDED 31 MARCH 2025 The Trustees pre5Wt thelr annual report and IlThanclal statements for the >Jr ended 31 M&rch 2ts25. The flnanclal statements have prepared In acttjrdance vAth the a¢countln4 pollcle$ Set cKrt in Mte 1 to tl finarKial statement5 and comply wlth the charlty's govemlng docurneTrt, the Charftles Act 2011, FRS 102 Tr FinarKial Rep)rting Sndard applicable In the UK and Repvbllc ol ITeianrf and the Charltle5 SCftP "P£COimtlng and Reporting by Charities: Statement of ReComnded Practice appllcable to charltles prepadrff4 their accounts In KcordarKe th Flnandal Wrtlng Standard aFplicable in the UK and Ppubll¢ of Irelaj IFRS 1021". Objectlves and attlvlt1•5 Unlocklnq Prtentlal Airnin¥ to creatè and facilitate opwtunitles to shape a thr6YSn8 and Sustainab to, drivin4 transfonnatlon for the benefit of the communlty. -Cr•atlry • thrfvln8 Newmark•t for th• whole Communl Drfving transformatloTh for thé beneflt of the cornrnunlty, by actlvatlng local projects 1th evtOU51y seen as intractable enabling and dolng organisatTr with an approach and vi5t*ie roll.ovt Ithich creates inyct - on the gr¢JJnd with a broad range af popie. A trusted facilltator for the communlty, wjrking alon85kle Partts and exlsiing Inltlatlves to ¢te thrivinq town th at opportunities tor all Publi¢ beneflt The Trustee5 have pèid regard to guidance IS$ by the Charfty Commission in deciding what aCtItIeS the harfty should undertake.
THE NEWMARKET CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 A14RCH 2025 Achl¢vements ind performance Sisnificont tIVitIeS ond ochlevements osalnst objectlves The King5 Cinema In NeWMaet opened on the 5th Aprll 2024 . as a result of NCF creatlng a slon, facllltatlng partrership tetween Kings Theatre and Abbeygate Clnema5 (ln Bury St Edmunds), and undervArlng Ihe project with charity funds - subsequently securing £47k in project-speciflc fundlng against a total of £55k. Attendances have grown sieadily, and the clnema 15 now con51dered to be a core entertainment offering for young and old allke across the town- replacing the two clnema5 that were previously closed In the 60's and 70$. Cost in . £8k Fthwe Cost: 10 pop. Shop agree[rt has teen reached for the charfty to rent a vacant Imit on P4ewmarket High Street for a perlod of 2 yeaTr. to SUPFK)rt entrepreneurs who ¥sh to test the tall market for thelr ware5 on the basls of a short term lup to 4 weeksl low cost t. A £9,5CK) UKSPF grant has been received along with a further C20k from West Suffolk Councll to support thi5 project, delivered with lurther organisational support fTom the town's BID. Cost in future FY: £14k over 2 years lrninimum term of least), due to oFeD Surnmer 2025 W•el4•nd Pony A¢•dmy NCF contlnue to provlde lolnt fundlng for the Pony A¢ademy wlth Newmarket Equlne Hospltal and RD55dale5 Veterinary Surseons, each provldlng C4k per annum. The fund5 SUPPOrt staffing of the Academy over the ftekend to target speafic hlgh need Èeneficlaries. Cost in n: £4k12024- k> Future Commltment: £8k Car•ers Falr 19 organisatTons from Newmarket and surroundin8 areas atteThded the charity's annual Careers Fair held at the Newmartet Academy15econdary school), with an alm to broaden the mind5 of the students, to stlmuiate thelr thlnking aix)ut thelr future careers. The entire school ati•nded year group order, plu5 Year 9 student5 from one of our primary xhcols. Cost In FY: £0
THE NEWMARKEf CHARITABLE FOUNDATION TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2025 Town PnnIng The charity commlssloned research to be undertaken by an exterThal speclallst ConsultarY organisat1 (Metm mlcsl. The purpose was to undertake analysls of both the soclal and econornlc demographlcs of Newmarket. the drivers and barriers to the town'$ success and indlvlduals, experience of living in the t¢MI, and tl implications for the approprlaie development of the town cen, and the town's ecorthTric ond social assets. Comparik5 were included a ran8e of comparable sized and successful t¢)wn regenerations. This supported th¢ generatlcfi of a Set of"InterventlMs° for the town, a swtalnable comblnatfjon of retall and ¢ommunlty- b)sed actlv6ty. The final report IISS In 20241 provided in51ghts Into development strategies for the town and was il Tecelved by to, dlstrkt and county coun¢lls. The cost of É32k was of15et by a 8rant of £5k fr( West Suffolk D(Sthct Council. Cost in F. É27k CommunltyAwards NCF ownership for the organisation of Newmaet'S Communlty Award5 event vthich t()k place 1st July. The communlly was Inled to nomlnaie candidate5 thal had g¢Me above and beyond io rnake a major contrfbLtrtfon to Ilfe In the town and local villages, from which winners were then selected by a representative committee an awards ¢reY hosted at The Jockty Club.. All costs for the event have been mel through sponsorshlp. Cost in FY.. £0 Grant Gfvlng The tru5tee5 decided to pass the grant.4lvtn8 actfvfty to the Newmarkei ComrnuThity Foundatlon la CICI with cmtractual restrictions to ensure thai grants are only gfven in line th the ¢harfty's purpose and tsbjects. Changes were made to the charity's objects In line with this de¢i5ion.
THE NEWMARKEf CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Slsftific4nt octiwtle5 ond ¢Khlevements asalnst tlectIveS Tre charity hbsite {w.newMarketchanlY.orgl has teen malntalrd and further developed. The ttee5 continue to tralned on their dutles and responslbllltles, Includlns 5afeguardlng. and the Lead and Lwty Lead for safeguarding have completed the necessary tralnlng. I15t cost5 have incurred In maintalnlng charity, along with accountancy fees for the annual reew. PkJest costs have Incurred to acquire netessary 50ftware and varOou5 rnembershlps of charity aS$13t10ns. Total £05t tts 31 l•arch 2025 £12k Futurè commitment.. £12k per annum x 1 year Fundr•lsln#Artlvltlslln¢ome G•nerntlon Commenclng operations in January 2012, secured 3 x Founder Partner donation5 of £50,LbJ per annum each for 3 year5: . Jockty Club E5tate5 . lwselis Stud . Aiborada Trv5t That 3 year term has now completed at the end of the reporting period. Jockty Club E51ates has agreed lo continue fundlng ai thal same level for a further perfod of 2 years. Further 8rants received by the charity within the reporting period.. £23k esents Galore £30k West Suffolk District Coundl E20k Newmarket BID h)v7n8 forward, the following is planned: bld into the National and local Grant maklng organlsatlons. partner specialist grant appllcatlon semce. partner with Local Authority to secure project-based fwding; developlng a list of wtsntlal core funder5. Flnandal revlew We are grateful for all donatlons, particularly the regular ones. Such donations and our sound flnanclal policles put the Foundation'5 flnances In a healthy State at the end of the year In spite of the general economic conditlons. Golng concern After fflaking appmprfate enquirles, the trtee5 have a reasonable expectatlon that the charity has adequate resources to contlnue in operational existence for the foreseeable future. For thi5 reason they conllnue lo adopt the goln8 concem basls In prepadng the financlal statements. Further details re8arding the adop¢lon of the soing concern basis can te found in the kcountlng Pollcles.
THE NEWMARKET CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AI4RCH 2025 ReserYe5 lIcY A Ser¥ of c75,1 15 bein8 maIntaid whlch represents core costs over 0 6 ffKTrth period Ilncrea5ed from 140,COJ the prev6ou5 yparl. Plans for futur perlods cuntIY under revlew, It Is proposed that the charliy 11 play an active role In the facllitatlon of the development of the followin8 strategies for the town: Town Centre Sirategy Youth Strategy Neurodiversity Strate Leiwre and Comrnercial Space Strategy Racln8 and Non-Racing Strategy ThSs will Involve co.ordinatlon across a number of i>>J(es inciudlng: The Town Counc61 West Suffolk CouKfjI Suffolk C¢wnty Councll The BID Primary and Secondary Sch1$ Charitable organisallons across the tovm Other support orsanisatlons Structure. 8overnan¢e and man4ement The Trustees who seryed during the year and up to the date of signature of the financial Statements were: S Howard (Resigned 31 December 20241 J Crowhurst R Flynn N Pdtton L {lodY K Hancock N 6yme Dr O Hall S Gibson P Cullen IRe51gned 30Aprll 20241 (Resigr l November 20251 (Wlnted 28 1)ctober 2024 and resigned 7 November 20251 IApp)Inted 4 November 20251 Rlsk IAoftosement New trustees are appointed ¥th reference to the role descripl?on for NCF tnjstees and afty speclfic skllls the trustees consider that the Board may requirè as a result of any Skills audit undertaken. Ail tru5tee$ receive an introductory presentation from NCF'S ExecLrtive Oirector and are provided Mth regular reporting and documentatlon to update them on NCF'S strategy. govemancep policies and current challenges. Trustee5 are encouraged to keep (wdated th relevant leg15tatlon, developrnents and btrsi practice. Ors4nlsotionol stnicture The charity has establ15 two committees that meet quarterly (Town InfrastnKture and Governancel and one that meets monthly Icommunltyl wlth all three Involng a mlnlrnum of 2 twstees and reportlng Inio rhe 8oard of Trustees whlch a150 meets quarterty . all of which are bound by a set of p)Il¢les and pKKedures whlch a subject to rewew.
THE NEWMARKEf CHARITABLE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. report was aryroved by the Board of Trustees. R Flynn D)te: ...
THE NEWMARKEf CHARITABLE FOUNDATION INDEPENDElff EXAMINER'S REPORT TO THE TRUSTEES OF THE NEwh1ARI CHARITABLE FOUNDATION I rewt to the Trtste on my exafflknatfon of the fin•Klal staleft$ ol The CharFtable Fdat Ilhe chjrityl for the year Kled 31 Ilarch 2025. Re5pMslbllltles and basts of repttt As the Trustees of tharity are resw4ibie f(ff the of tr flrwKlal statements in accordance th the rewlrements of the Charttle5kt 2011. I reFrf In re4Jeci of my examination of the charity's rThal statements carrfed (Mrt urthr seCt)n 145 of the Clwities Art 2011. In canwng my exarninatkn I Iw fdiotd tr DIrect5 grtrEn by the Charity Ccrfnmlssion serth)n 14515llbl of the Charties kt 2011. Since the charity's 4r05s exceedld £250.1. tte exafftirtr be a of a body listed in sectkm 145 of thè Charities Art 2011. 1 cfjnfi that I qualified to undertake the examlnation because l an a member of the InrtIte of Chartered kctyjntants in England and Wales, vthich is cffle of the listed ies. attenti is to fact that the dwnty h•$ wep1 the fywKial Staternts in xcordante the Teltvant vers1 of the Statement of kable to tharitie5 weparin8 tr financial statements In ac(dat Mth the FinaKial P•vtTfff4 Standjrd aFyllcaNe in UK aTrl RelIC of Iretand IFRS 1021 In preference to thek¢ountin4 and bycharities: StateNt of Re((nnded Prartice IUed on 1 April 2C05 whith is referred to in tr extant re8ulatThs ha5 n¢w been raTr. l Urstand that this has been ¢S)ne in order fw the filwaL 51atefiwts to wovide a tne fafr in accordance th UK Generally Accepted Accwin¢ Ite. I have completed rny èxarnlnatkn. l ¢(rfrfim) that M matters have ctyne to my atteTrtIL in ¢ompctkn the examination giving me cae to bdkvt that In ary rnatefial respecL acctyJnting recwd5 were t kept In respett of the (rity a5 reqjked ty Sect1 130 of the Charities Act the firtanctsl statewits do Mt cmpiy the appiicatrAe reqthrements ¢ryK¢mln4 the fLYm and content of financial 5tateff¢nts set in the (ritIeS {knts Pwtsl PgLthtion$ 2()8 other than •Ay reOrernent that the finarK5ai staiements aThJ falf Kh Is not a matter consldwed as part of an irkptht examintkn. I have M concem5 and hknt ¢(Kne acr055 Th) other matter5 in ¢Mrrti the examinatKffl to thich attention Id be drawn th this repwt kn wder to enaNe a Fryer the finartlal staiements to be reached. G C Plper Partner ot Wknitirqs LLP Gewge Court Ely Car(tsld8eshlre C87 4JW Date:...
THE NEWMARKEf CHARITABLE FOUNDATION STATEMENT OF FIMANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENLED 31 IAARCH 2025 Total furd5 2025 nds 2024 fund5 2024 2025 2025 2024 Incorn• from: Ck)nations and legacle5 Charltable actmlies 253.521 3.863 S1. 304,5Z1 3,863 123,392 6.812 130,204 Trtal IrKome 257.384 S1.1) Xl.384 118.336 6,812 135,148 Expenditur on: Raising funds Charitable attltieS 2.316 105,822 2,316 105.822 220.n9 14.166 244,995 Total expenthture 221,8t4J 24.166 246.126 108.138 108.138 Net Incty 35,524 26.734 62,258 20,198 6,811 27,010 Tnnsfers funds 6.550 16.59)> Net move In funds 42,074 20.184 62.258 20.198 6,812 27,010 Recondllatlon of funds.. Fund b)lae5 at 1 April 2024 122,257 158.rf11 102,059 29,532 131.591 Fund balan¢•s at 311knth 2025 164.331 56,528 220.859 122.257 36,344 158.601 The statement of finandal activities all Sairfj aThJ LoSr recowlrAd in the >tar. All Ir1 and expenditwe derf¥e from contlnuing actlvitiek
THE NEWMARKEf CHARITABLE FOUNDATION STATEMENT OF FINANCIAL posmoN AS AT 31 A14RCH 2025 2025 2024 Notes Current 4$5•ts Cath ai bank ind in harKI 221.115 163,711 Currnt Ihblfftles 10 15,1101 120.859 158.601 Th• fund5 of th• charlty Restrfcted incoft fd5 UnrEStrlcted funds 12 13 56,528 164,331 36.344 122,257 120.859 158.601 The finallal atements appIty by the Tteeson..... whur5t Tr
THE NEWMARKEf CHARITABLE FOUNDATION NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACcntI pollcleg Charity Informatlon The Newmarket Charftsble Foundation was regISted as a Charitable Incorrorated Organlsation ICIOI at the Charity Commission on 23rd Aprfl 2021. 1.1 Basls of preparatlon The finarKial statements have been prepad In accordance th the charttys governing d¢curnent. the Charities Act 2011. FRS 102 The Financial Reporting Stsndard applicable in the UK and Republlc of Ireland" and the Charfties SORP "Accounting and Reporting by Charitie5- Statement of Recornrnended Practlce applicable to charities preparing their accounts In accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021". The charity 15 a Public Benefit Entlty as defined by FRS 10Z. The financial Staterrts have departed frorn the Charltles (Accounts and Reports) Regulations 2Ci18 only to the extent qUired to Prtsde a true and fair view. Thls departure has involved following the Statement ol Recommended Practice for charities applying FRS 102 rnther than the ve10n of the Statement of p0mMended Prnctlce lch is referred to In the Regulatlons but whl£h has slnce en wlthdrnwn. The flnanclal Statet5 are PrePad in sterilng, which 15 the functional currency of the charfty. 1kntary amounts In flnancial statements are rounded to the nea$t l. The flnandal Stateryts have been prepad under the hlstorfcal cost convention. The prlncipal accounting Jlldes adopted are set out below. 1.2 Golng conc•rn At the time of approving the financlal statements, the TnJ5tee5 have a reasonable expectatlon that the charity ha5 adequate resources to continue In operational estenCe for the foSeeable future. Thus the Trustees continue to Jdopt the goin8 concern basis of accounting in preparing the flnancial Statements. 1.3 Charltable funds Unrestricted funds are avaliable for use at the dlscretion of the Trustees In furtherance of their charitable objectives. Restdcted funds a srt>ject to speclflc conithtlons by *knors or grantors as to how they may be used. purwjses and uses of the rest¥i¢ted funds are set oui In the note5 to the flnancial 5tatement5. EndoVmt funds are subject to specific conditions by donor5 that the capital must be malntained by the chartty. 1.4 Income Grant and legacy Income 15 recogni2ed lthen the charity is legally entitled to it after ally performance conditlon5 have been rrt, the amounts can be measured reliably, and It is probable that income 1( te received. Cash donatlons a recognlged on recelpt. Other d)natlons are recognlsed once the charfty has teen rtified of the donation, untess perfomance conditlon5 require ¢Jeferral of the aunt. Income tax recoverable In relation to donation5 rKelved under Gift Aid or deeds of covenant Is recognlsed at the i?me of the donatlon. Legacles are recognlsed on recelpt or otherwlse If the charfty has been notlfied of an ImpeThJiThg distrltsjtlon, the amount Is known, and receipt 15 expected. If the an)wIt Is llot known, the lryacy is treated as a contlngent asset. fo-
THE NEWMARKEf CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Attountlni pollcles {Contlnu•d) Inc¢Th is rtcognised Y+hen the charity Is legally entltled to It after any performance conditlons have been met. the amounts can be measured reliably, and il Is probable that income will be received. 1.5 Expendltur• Expenditure 15 recogni3ed once there Is a legal or constnKtive obligatk)n to transfer ecoTr)mic beneflt to a third party. it is probable that a transfer of eC0MIC beneflts W711 be required in settlement. and the amunt of the obligation can be meaStsd reliably. Expenthiure 15 ciassifled by activlty. The cosis of each activtty are rnade up of the total of dlrert COSts and shad costs, incluélng support costs involved in undertaklng each aCtItY. D?rect costs attributable to a single actirfty are allocated dlrectly to that activity. Shared costs which contribute to mre than one actlvlty and wpport Costs whlch are rKst attrtbutable to a slngle actlvlty a apwrtioned between those actlvltles on a basls conslstent With the use of $OurteS. Central staff cosl5 are allo¢4ied on the basis of time spent, and depreclatlon charges are all¢xated on the pjrtlon of the a$5et'S le. 1.6 Cash and ¢•sh equlval•nts Cash and cash equivalenl5 Inclu cash In hand, deposits heid at call wlth banks, other short.terni liquld Investrrthts th orisinal maturitles of three month5 Qr le55, and bank overdrafts. Bank overdrafts are shown wfthln borrow(ngs In current liabillties. asic fin4n¢ittl asstts Ba57c financlal asset5, whlch Include trade and other receivable5 and cash and bank balances. a initially measLtred at transactlon prfce Including transaction costs and a subsequently carried at amortised c05t using the effectSve interest method unless the aangenI consiilutes a fiThancin8 transactlon, Whe the transaction Is measured at the present value of the futu recelpts discounted at a mat*et rate of fnterest. Financial assets ciassifled a5 receivable vAthin one year are not arnortised. sic flnaftcial liabilitles Baslc flnanclal Ilabilitles. lrtludtng trade and other payables and bank loan5 are iTritially recognlsed at transactlon price urtiess the arrangement constltutes a financing transactlon. where the debt instrument 15 measured at the present value of ihe future payThent5 discounted at a market rate of Interesi. Financlal Ilabilltle5 classlfled a5 payable withln one year are not amortl¥ed. Debt Instruments are subsequently cafrfed at arFb)rtlsed c05t. Using the effecilve Intere51 rate rnethod. Trade payables are obligations to pay for goods or semces that have been acquired In the ordinary course of operation5 from suppllers. kn)unls payable a classifled 05 current Ilabllitles if payment is due wlthln one year or less. If not, they are presented as non-current liablllties. Trade payable5 are recognised initially at tranSJ¢ifon prtce and subWntIY measured at arrnrtised cosi using the effective interest EthOd. DerKoynition of finoncl+Jl liobilities Flnanclal Ilabllltles are deOgnIsed when the charity'5 contractual obll8ation5 explre or are discharged or cancelled. 1.7 Employe• b•n•ffts The cost Of any wiwd hollday entltlement Is recognlsed In the pertod in whlch the employee's services are recelved. Temlnatlon beneflts a recoBnlsed lrnmedlately as aft expense the charfty 1$ de)nstrabIY commltted to teminate the employment of an emp(oyee or to provide tem)Inatlon benefit5. 1.8 R•tir•ment b•n•flts Payments to deflned Contrtbutlon retlrement benefit scheme5 a char8ed as an expense as they fall C.
THE NEWMARKET CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Incom• from don•tlons •nd l•yths iknre5trkted Restrkted fal fund5 2025 2025 Total Unr•5trkt•d R•strlrted fund5 funds 2024 2024 Total 2025 2024 rh)nation5 and gtfts Grants 192.851 60,670 192,851 111.670 123.392 Z62 6,59) 123,651 6.550 51.(• 153,521 51.ClJ) 304.521 123,392 6,812 130,204 lkn•tlons and fflfts The Je£key cl Estate thnatl¢)n New5e115 donation Albjrada thnati¢)n General donation5 Presents Galore 68,347 68.347 21,248 21,248 Z,144 262 14.% 192.851 19Z.851 123.392 262 123,654 Grants Suffolk County CowKil West Svffolk CourKII Newma*et cinema Pop up rent grant Z1,C 1,670 1,550 1.550 40.670 60,670 51.( 111.670 6,5 6,550 Incorne from charftable •rtivttl•s lknrestrktod Unr•strirted funds fufids 2025 2024 SunN)w Wilk IKOr recei%td 3,863 12-
THE NEWMARKET CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEAIENTS (CONTINUED) FOR THE YEAR ENDED 31 Ai4RCH 2025 E¥pwdltur• on rn131 fuTh15 Unre5trlct•d Unre5trkt•d funds funds 2025 2024 Funth4ts1ty publldty 1,131 2,316 Total Unre5trScied 2025 2024 2025 Staff costs Town rwarch rMDjert nting Webs¢te expense5 In5urarKe FKolect. Insl¢*t P£wJrt Tnining censultsnt Tralnin8 £0Sts Clnema costs RecnJitt agerty costs IAarketing and 4dmbD yJppNi Sundries IndeFendent emInatiOn fees 62,761 io,c 62.761 34.266 51.077 24.266 622 2.235 714 1,178 743 16,345 1.178 743 16.345 11,737 153 61.178 61.178 6,611 1.125 3.679 6,611 2,125 3.679 1.771 1.255 JKkey Cl e5tste costs 188.589 24,266 Z11,855 74.Ci15 Grant funding of artriitie5 (see note 61 32.14J 32.140 31,817 220.n9 24.266 244,995 105.822 Anatysls by fund Unrestrlcted fur05 Restricted funds Z20.n9 220.n9 24.266 105,822 24,266 220.n9 24,266 244,995 105,822 13-
THE NEWMARKEf CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONllNUED) Fthg THE YEAR ENDED 31 AIARCH 2025 p•y•ble Unrestrkted Unresvict•d 2025 2024 Grants to instItlOn$. Dty Centre Burknyll fvint Air Cadets eyrroft Letsu 8riti5h Racing School Llttle Buds Let'5 Run Girls Newmarket COMIT7tyArts Epic Dad BRS Pony knderny OFen Door Cost of LIn9 grnnt GererJL hools Ab)ulton PanURrs Newmarket Cricket Club Nmnarket CoMUnity Fowdation . see Trustee F 1,620 2.7Q) 1,997 Z5.140 32,140 35,817 Trust••s None Of Trustees lor any perso connecied with them) receThtd any ren*eratIOn or berfits from the charity during the year. average nKrfrthly nnber of en¥loyee5 during the yEar was: 20Z5 Number 2024 Number Employm•nt cogts 2025 2024 ges and saLirle5 Other penslon costs 50.417 1.761 62,761 51,077 14-
THE NEWMARKEf CHARITABLE FOUNDATION NOTES TD THE FINANCIAL STATEMENTS ICONTINUED) FOR TME YEAR ENDED 31 AiARCH 2025 Ery>kn>*•5 (Contlnued) nurrthr of employees Wtre annval remwratIon wa5 more than £60,CKQ Is a5 follow3: 2025 Numb•r 2024 Number £60,¢1 . £70,( Taxatlon charlty 15 exefflpt from tsXatic Its actr¥itSes beCae all its Income 15 aFv17ed for charitable 10 Current Mabllltfes 2025 2024 Other payables 256 5.110 2025 2024 Charge to profit or loss in res of deflned (ctrit1 schenEs 2.761 660 The charity operates a deflned contrlbutfion pension schewe for all qualifyfjng efflployees. The assets of the 5¢hertE are held separately froffl th)se of the chaiity in an IntlY administered fd. 15-
THE NEWMARKEf CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 A14RCH 2025 1 Z Restricted furTrd5 The restricted fuftds of the charity comprise the uneypended balance5 of donatsons and grants held on trust subject to specific condlilons by donors as to how tw may be used. At 1 Apdl 2024 comln8 resourc•s Resources expènded Transfers At 31 J4l•r¢h 2025 Aviva grant UKSPG grant Cfnema donation5 Niamh Henry Falry Wish Fund West S¥Jffolk Council- Research Newmarket Community Awards Stable Start 20.QX) 9.532 6,550 262 20,( 9,532 16,5501 262 5,734 3.5( 17,5C 124,2661 17,5 36.344 51.C 124,2661 16,5501 56,528 Previous year: At 1 Aprll 2023 Incomino resources Re50urces e¥pended Translrs At 31 l•arch 2024 va grant UKSPG grant Cinema donations Niarnh Henry Falry Wlsh Fund 20,C(#) 9,532 20, 9.532 6.550 262 6,550 262 29,532 6,812 36,344 13 UnreSrted funds The reStricted funds of the charity comprise the unexpended balances of donations arbd grants which are not subject to speclflc conditions by donors and grantors as to ht>W they may be wd. These include designated funds which have tren set aslde out of uThre5tricted funds by the trustee5 for speclfic purp)ses. At 1 Aprll 2024 Inromlni resources Re50urc expended Tran5f•rs At 31 March 2025 General funds Emergency ¢)peratlng Funds Communlty Grant Fund Hlgh Street Lease Clnema 196.714 1140,6821 148,9581 35,( 16.014 75.CO) 43.317 30,(0) 43.317 30,L 20.tsX) 40.670 120,(MXSI 161,1781 20,508 122,257 257,384 1221.8601 6,550 164,331 16-
THE NEWMARKEf CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Unre5tr1rtod fund5 {Contlnu•dl At 1 Aprll 2023 comlni R•sources Trnn5f•rs At 31 Ilarch 2024 General f EThrseKy OFerating Fund5 ComMlty Grant F1 Hl8h Street Lease ,74Z 20.1)J) 43,317 30.CQ) 128,336 (zo.cl 20,C 8,940 1108.1381 43,317 102.059 128.336 1108.1381 122,257 14 Anatysls of net assets betw•en funds Total funds 2025 funds 2025 2025 At 31 March 20Z5: Cumt a55etsllliabflltlesl 178.289 4Z,570 ZZO.859 178.289 41.570 2ZO,859 Per balance sheet polae to ollwqte 164,331 113.9581 56.5Z8 13,958 120,859 Total funth 20Z4 funds 2024 2024 At 31 Ilarch 2024: Current assetsilliabilitie51 122,257 158.601 122,257 158.601 15 Finandal comrnftments. 8uarantees and contlngent IlabSlitie5 The charity entered Into a Ilnandal coffmItnl of £12.% for two arS In latiOn to rent for the shop. 16 Related party transKtlons 17-
THE NEWMARKEf CHARITABLE FOUNDATION NOIES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 A14RCH 2025 ICondnu•d) Tr*n51Ctkns wlth related rtIeS The charity Is controlled by the Trustees collectpy. 14) sI1e party is abte to exerclse trOl. Durin¢ ihe year 2 trustees seNed on the tM)ard of NewTnarket Comnwnlty Fo(mdation CIC. The Nev+rynarket Charitable Foundation thjnaied £15,140 to enable Nerket Corrwwnlty Founthtith) CIC in awardin4 COITWnfjty grants.