Rrflstered Ch•rlty Number. 209126 IEn¢l•nd •nd W•lesl THE NEW CHURCH CHILDREN'S SOCIETY ANNUAL REPORT AND F114ANCIAL 5TATeMEPIts FOR THE YEAR ENDED 31" MAROI 2025 THE NEWCHURCM CHILDREt4S SOOETY YEAR E14DED 31" MARCH 2015 CONTENTS Pace le831 and Administratvt iDfomiaI￿ft Trusltes Report Independent Examiners Report siaiement of Financial Activit￿5 8114nce Sheei Notes to the Atcoufits THE NEW OIURCH OIILDREN'S soa YEAR EN￿0 31" MAACM 2015 LEGAL ANO ADMINISTRATWE INFORMATIQPI TNstees Mrs Susan Chesworth Mrs Chartoiie Rowland5 Mrs chris11￿ Sution N￿e1 Sutton Mrs Judilh Taylof Miss Vanessa Sution IArs He￿n Chambers Charlty Numbef Eniland & W•1 209126 Prfnclp•l Addrt JI Station Ro•d Hadlei8h Suffolk IP7 5MX Independtrt ENarnSner Andrew Beni*y ACA B•nke B•rclays Bank PIC Leicestef LE87 288 TrIE NEW CHURCH CHILDREN'5 soaEIY YEAR ENOED JI" MARCH 2025 TRUSTEES AEPOAT The trusiees present thtiv rekKIrt and fina￿111 statements lor ihe ytav ended 31# March 2025. Obleal¥e5 amd Acthftl In accordance wrth lis objects. the Societyofftrs grants io fami1￿5 and other or8anisalions to prevent or relieve poverty where Children aNI youn8 people are in need. hardship or disiress.. to enable ihose hildren to a(h￿￿e their potenlial and have the Pfospect of becomin8 t1￿1￿1 in Ihe world. Priorityls given to children with no active pa¥ent or • mother onty. prefere￿ Is gNen to childfen wilh faml connectK)ns io Ihe New Chuf(h. In makin8 grants. the Trustees have had reiard to ihe luidafice issued by the Chadty Comm1$5k+n on public benefit afid bein8 1 charily for the prevent￿Tr or relief ol poverty, have satisfled the benefft aspects ol public beThefii. Struclure. Gov•rn•Me and Man•yment The Society, lomierty *fiown as the New Church Orphanage. w•s lounded In lorKlon by E H B•yley In 1881. The Trust Deed and Consiilulion We￿ dated 16" May 1883. The Constitution wa5 revised and adopied in 1988 and var& irb a xheme approved by the Charity Commlsyon on f January 1991, from which time the society became known asThe New Church Children's, 5oclety. Appoinied T￿Ste¢S are elerted at a General Meetln80l Ihe Soclety. The OffKe holders and the other members ol the Board off Management are elerted •nnualty it the Annual General Meetin& with Ihe 8oard ha¥in8 power to co-opt to fill vacancies. The Board ol ma￿8emen1 Is responsible lor tht cO￿￿cl of the affalry of the Society and hjs met three times durin8 ihe year, Power to take decisK)ns between rneeiings is delegated ro the Chairman lorin Iheirabsence, the President), the Secretaryand theT￿asUrel￿orkIn6coIIÉc1Nety.. such decisioTh re subjert to ratification at the oert 8oard rneetlll8. Quartethi financial repons are disir¢buted to èll Board rntmber5. Durin8 ihe yeaf the BO1￿ refftwed ar￿ reaffirmed tht siatement of operational pndice for financlaltontrols. Grant support to families 15 paid direct in 50me Inst•ntes and thro4h a pastor•l support visilof In othe￿. Grants to Inslitutionsare Pa￿ dirert. Achlevements and perforn￿n¢t Re8ular 8rarits hwe beerb made durfjn8 the year to gJPPQrt ten familits in En8land oTre abroad. These toialled £29,970120Z4.. £31,5CQI. Support hascontinued lorchildven and younB people wishing to attend New Churth Schools and conlereoces in the United Kin8dom. Grants totallin8 £3,883 were paid in 2025 IZ024= £4.3461. THE New CHURCH CHILIYREN'S 51XIETY YEAR ENDÉD 31" MAROI 1025 TRUSTEES REPORT COnL Specific gramis toiallin8 £3,52312024. E6,2721 have been made to supp)rt lamilies with iravel to school & universit¥, Oui ol school actNitie& Unifoim and olher specifK need5 of lamilie5. Chfistmès Gift5 of £150 were 8Nen to all childfen supp)rted by the so(￿ty. Flnaftclal Re¥l¢w The trusiees are gfatehjl to 311 those individuals and New Church Societies who tonllTrue to 8lve to support ihe work of ihe Society each year. Total donatlOn5 alTlOUfited to £20.26312024.. E14.O)51. Investment income 8enerèted t01al￿d EZI.78912024.. £20,303). The charsty is acti¥elyenRagin8 With the famIl￿$theY support and a￿ trying io ensure we provide the rnosi effectNe form5 01 fifftancial supporl. The chatity bas eiperienced a decline in the valuation ol Inve51meniS when compared to a significant in(re•se irt 2024. These are unrealised 8ain5 and Iherelore represenl the valuaiion as ai ihe balance 5heei dale and are therelore subjeci to mar*et rnovements. Our nei movemtni in funds is therefo￿ a defKii for this fiTh•ncial year ol £114,820>. 12025.. Surplus E65,9381. The balance of reseThes held on 31M March 2025 was £908.93212024,. £923.75ll. The Socierfs accumylated fund Is urtr¢5trlcted •nd can be spent at Ihe diKretitsTh ol the trustees in the furtherance ol the SOC￿11150bjeiI￿e5. The trusiees ha¥e noi cor15idered li r*cessJry io alter that discrelion by settin8 • restriction on the u5t of Its unrestriued lynds. Fu￿re Plarts The m•in locus ol the ch•rtty will be to conlinue to support ihose famil￿$ in financial diificulty with particular attention and support to be provided dtse to the fonhcomin8 ihcfease in general costs of li¥4ng and Increasing pressure ol the finances of families wilh youn8 children. The chafity is aware of the Impact of ihe performan¢eof8K)bal marketson the inve5tment5 held and willcontinueto monitor ny redurtions in income as a re5uli of this io ensure thaiitable acti¥itiescan toniinue. The trustee report was approved by the Board olTfUStets on 2L Str¥l.... 2025 Mi$5 V Sutton Trustee THE NEW CHURCH OIILDREN'S soaErY YEAA ENOED 31" MARCH 20ZS INDEPENDENT EXAMINERS REPORT I report tothe itysteeson my examinaiK)n of ihe accountsofThe New Church Child￿n.$50cletY 1.the Trust'l for the year ended 31" March 2025. Respon￿bIlItIeS and b•sS5 of report As the charity'5 trustees. you are fesp)n5ible lor the prepara1￿n ol ihe •c(ouniS in xcordante wilh Ihe requiremtntsof the Charli￿s Act 20111.tht Acfl. I report ITh re5pertof my examinationolihe Tn￿1,5 aCtouTht51arried oul under sedion 145 01 the ZOII Aci and In Car￿n& oui my examination. I have lollowed all ihe app1Kab￿ DirectK*n5 8i¥en by the Charity Commission under section 14515llbl of the Act. Independent exarnlntrfs ststement I have compleied rny eMaminatM)n. I confinn that mèter6•1 matters have come 10 fflv attentlon In onnection wiih the examination which 8bve5 me Cause to believe that in. any material respect.. Ihe accounilng retordswert noi *ept in •ccoWdan￿ with sect•)n 130olthe Charities Ad., or the accounts Oitl nol accord wilh Ihe accouniin8 rett*rds', or the accounis did noi compty with the 3pplitable requirements corKeming the lorm and contefii of accounis sef Out in the Charities IAccouftis and Reports) Re8uI?tion$ 2(J)8 other than any requlfement thai the accouthts 8Ne a 'true ar¥J lairf view whkh is not a matter onsidered as part of an independent examination. I have no concerns and have come acro￿ Th) other rnatttrs In wfine￿I0n with the examinatkjn to which attent￿n should ￿ drnwn in thls rE￿rt in order to enable a proper understandln8 of the accounts io b* reached. Andrew Bentle¥ FC4 THE NEW CHURCH CHILDREN'S SOOETY YEAR ENDED 31" MARCH Z025 STATEMENT OF FINANOAL ACnWTIES Includ1￿ I￿orne and ExpEndlwrn Actount Notes Unrestrlrted Funds Total 2025 Total 2024 IrK me From.. Donation5 and legacies Invesiment5 20.263 21,789 20.263 11,789 14,C¥)5 20.303 Totil I￿oMI 42.052 42.052 34,308 t￿llUTe on: Charitable klwli*s Grants io IndNiduals- General Granis to individuals- Sptcif Grant5 to Instituiions Educational Grant5 Admtr115trètrye ExpeThses 29.970 3.523 29.970 3.523 31.5Q) 6,272 3,883 167 3.883 167 4.346 Total 37.$43 37.543 42.3C¥ Netl ndl Net 8ainslllo55tsl on irb¥estmenis 119.3291 119.3291 73.938 Net IrKorn•llexpendlturtl In ttrh• arlNd mo¥emtnl in funds 114.8201 114.8201 65,938 Fund balances on 1° April 2024 923,751 923.751 857.813 Fund balarKes on 31° March 2025 908,931 908.931 923,751 THE NEW(HURCH CHILDREN'S soaETY YEAR ENDED 31" MARCH 2025 BALANCE SHEET As ai Ji. Maf¢h ZOZ5 2025 2024 Flxed In¥e5trneThls 894.762 891.431 urrent Assets Debtors Cash at bank 3.095 11.074 14,169 29.630 32,320 Net neern These accounis have been prepared on a toncem ￿515. The experted Income ol the charity fof the next 12 rnonth5 ￿11 reasonab￿ cover the fofeca5t grants. The￿ rnay be additional requests from lamilies during ihe current cost of livin8 Cfisis and ihe trustees will consider these. At theiimeolapproviNd ihe financlalststements. havin8 assessed all available inlorrnation, the Irusiees have a rea￿nable expEctatK)n that the ha5 IdeqLWte resources to coniinue in exi5tente for the foieseeabie ILtiure. Charltable lunds uN￿51r1¢1￿ lundsare •v•ilableforuse at the dlscret•)n of the trusttes In furtherance oltheir haritable obiectNes. The tharity does noi turrently ￿ve •ny restrirted funds. R•Mr¥es Polky The tru51ees a￿ commliied to maiThtaining a sufficient level of reserves to ensure that the charity can conlinued to support families in need. The balance of rtser¥es held ai 31. March 2025 was £908.93112024.. £923.7SII. Due to the irKvtased needs for famblies and econornlc volèiility. the trustees will consider the u5* of some of the Invemments to fibfKI additional 81anrs. Incomè lTrcorne isre(06nised whenthe charity isle8alty entitled to itafterany perfonnanct conditlons have been mei. the amountstan be measured reliobty. and it is probablt that income will be r￿eNed. Income from donations is reco8nised when thtrt 1sevh4e￿e of entitlement to ihegift. receipt 15 probable, and its arnouni can be measured reliabty. YHE NEW CHURCH CHILDREN'S soa YEAR ENDED 31ST MAACH 2025 NOTES TO ThE FINANOAL STATEMENT5 l. Ac¢ount5n8 Polkles IconLI Expendltufe Resources expended are xtounied for on an aC(n￿l'S basi Flxed a55et Investments Fixed asset in¥estmenis are initially measured at iran5attlon pite excludin8 transactton costs and are 5ub5eouentty measured ai fairvalue at each reporting date. Chan8es In faif value irè recognised in net incomellexpenditurel for the yeèr. Z. In¥estsnents 2025 2024 Cost olvaluatK•n ai i April 2024 sa￿ ol Investments Realised Sain￿l￿SSeS1 on Irwestments Unrealised gainslllossesl on investmen 891.431 832,493 11S,CO)I 10,295 63,643 119.3291 Cosi or valuat•)Th at 31° March 2025 872.102 891,431 2025 2024 Invesiment Details: 19,69S units- COIF Investment Income Fund 20,037 unilS-COIF Fixed Interest Fund 410,627 unit5 General Conference of the New Church Common InvesimeTrt Fund 383,675 25.279 463.148 402,425 24,639 464,367 872,102 891.431 3. Debtors 2025 Z024 Atcrued IrKon 3.095 3,095 2,690 2,690 ThE NEW CHURCH CHILDREN'S soaETY YEAR ENDEO 31" MARCH 2025 NOTES TO THE FINANaAL STATEMENTS 4. TNstee5 Remuneratlon Nont of ihe trustees receNedanYfemunefai￿n duringtheyearorreceivedarhvothef benefrts Irorn the cha¥ity- Travel exFonses totallin8 £nil12024.. £nill were reimbur5td to irustees duflng the year. 5. Net Movement In Funds Net movtmeni lfi fvnd> Net ialnslllojsesl Balance •t 31"M•￿h 2025 Apr512024 Vnrestricted lund5 Revaluation Reserye 398,885 524.866 403.394 505,537 119,3291 923,751 14.820 90B,931 6. Relat•d Party Trnnucllons Thefe are 110 felated party trènsartions to rtpon.