NE¥VFIELD CHARrrABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NEWFIELD CHARITABLE TRUST IM)EX TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Charty Information Trustees, Report Independent Examinerf$ Report statement of Fancl Activities Balance Sheet Notes to the Financial Statements
NEWFIELD CHARITABLE TRUST CHARITY INFORMATION CHARITY NUMBER.. 221440 TRUSTEES.. Mrs. R. Bott (Chairman until 4 Seplernber 2W241 Ms. C. Finn IApFrf)inted 6 Dember 20231 Mr. J. Barrett Mrs. J. Rav41ings IChairm8n frc*m 4 September 20241 The R8veier¥J Canon Baib¥a Clutton Mrs. P. Smth Mrs. H. Jone5 (Reslgned 17 June 20241 CLERK TO THE TRUSTEES.. Miss. S. Collett PRINCIPAL OFFICE.. 8 & g The Quadrant Coventry CV12EG INDEPENDENT EXAMINER: G.R. Cox BA FCA Daffems LLP Chartered Accountants One Eastsvood larry Weston Road Binley Business Park Coventry CV3 2UB BANKERS: ardays Bank plc 25 High Street Coventry CV15QZ INVESTMENT MANAGERS: Quilter Chev¢ot Provincial House 37 New Walk Leicestèr LE16TU Page 1
NEWFIELD CHARASLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDEO 31 MARCH 2024 The Trustees wesent their report and finan¢ial ststernents foi the year ended 31 March 2024. The Trustees have adopted the provtsions ol Statement of Recommended Practice ISORPI"Accounbn9 and Repottin9 by Chaithes" IFRS 1021 In prep8ring the Annual Report and finanaal ststements of Charty. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemin9 document Newfidd Charitable Trust 15 rStitute by Schem8s dat8d 19 January 1977 aThJ 21 September 1983 mgyg by the Charity Commissioners of Engl8nd and Wales and is a registered th8rity number 221440. All quoted investments have been acqui in accordance wth the Tnjst's governing instruments. TNstses The Charity Trustees during the year lo 31 March 2024 were.. Mrs. Hilary Jones (Resigned 17 June 2U241 The Reverend Canon 8arbara Clutton Mts Jean Rawlings (Chairman) Ms. Clare Finn (Appointed 6 December 2023 Mrs Rosalind Bott- Chairman Mr John Barrett Mrs Pal Smrth The Trustees appointed to the Board ofTrustees Ljnder the Schème. MANAGEMENT AND GOVERNANCE ARRANGEMENTS The incurnbent Trustees are entiU8d to appoint new Trustees. The Charity is a member of the Assoaation ol Charrtable Foundations and a member of the West Midlands Charitable Trust Group. The Trustee8 meet 4 times a year to consKter grant applicabons and cor6ider aPpltiOnS b8tween meetings foWowiTrJ an ernail protocol. OBJECTIVES AND ACTIVITIES The objeots of the Charity are to apply the inwme ollhe Trust in the rel'el ofthe physical, mentsl and moral needs of. and the promotion ol the physical, soaal and educatithal training of, gwls and young Mvmen INing in Coventy or Leamington Spaorthe neighbourhood who are In need of careand assIStan in particular. butwthout prejud to the generalty of the foregoing, tsy.. {al promoting the rehabilitation ol bE[fiCi¥l85 who are in need ol physical. mental or rnoral (zre." Ibl assisting by eduGation an¢J trainirvJ (he preventi ol- li) juveTNle delinwerry. lill the abuse of drugs, akohol and garnbkng", liiil the prCtin of Lywanted children.. and livl the neglect or ill-tre8trnent of children. Icl adv13 aThY assistiTrJ by education and training beneficiar$ who a parents in thè upbringing of their chiljren", {dl woviding for berlicIae$ faalities fr)r reatIOn and other lo18ur.rne oWubOn in the irtterests of sc4al weffare wlh the object of irnprowng their Cond"0n$ of life and helplng them so lo ¢Yevelop thelr phystal, mental and spiirtval ¢apacrf(ies, sell reliance and individLMI responsibility that they may 9row to fvll maturity as indivKluals and members of$iety.. Pag& 2
NEWFIELD CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Continued l..-....- lel providing finanLi&I gssistsnce, ouifits, clolhlng. tods, in5trvments or bod(s to help beneficiaries on1gaviwYJ school, un91ty 01 other edatIonal establl$hments to prepare for, enter. a profession, trade or calliryj". fj promotin9 reseatth calcujated to assist the Trustees n futherin9 the purpose$ of the Charty.. ond Igl tnakllg grants to ctoritable organi88tions in fvtherance ol the purlSe$ of the Charty. In making suth ants. the Twstees arè e$pee48lly anxicmjs that grants should be effe(INe and help 8ppl¢ants lo change thr arcumstance5 in some p>sthve way foi (he better, to help Ihern to he ttrtrnselves. The TrLBtees confirm that they have referred tD thp guidance contained in the Ctority Commissioners general gJrdancB on publi benefrt when reviewing Ihe Charity'5 aims and objectives in pl8nniThJ future tith"e$ 8nd seth.ng the grant m8king Folicy for Ihe year. ACHIEVEMENTS OFTHE TRUST Applications were referied lo the Trustees Irom 8 variety of agenaes including sgual Servi$, heath VISI$, sthools and Oth chariiies 85 welj as receiving applicaty.ons direct from indwiduals. Duriry the year the Trustees received 8 totsl of57 applications, olwhich 42 applications were approved and grants poid tutslling £57.85712023' £26.8981. Th8 remaining applications did not progress due lo their being incomplete in one form or another or the applicant being ineligible for a grant and one application was rejeeted. Grants weie rllade to individu815 for ilerrs such as school and general clothing. beds and bedding. essentral household items, educational trips, iPads, textbooks and other equiprnenL The decline from th? 81artofthe pandemic in the number ol Individual applications, which mLJ5t be with the help of a support work&r has not recovered to pre-pandemic levels. The qualty of the information provided in the applications remaine(S bel the pre-pan(MIC standard. The Trustees, therèfora, considered olherways inwhich they could provide assistancetogirls and women in need. TheTrustees supported three projects to benefit young girfs and women. The Trustees conts.nued lo provide grants kn schools. The Trustees also made a grant to 8 charitable Drganisation lo wovide wnter dothing p&ks for young women in need. A grant was also msd8 to a local Charity tr provide funding for shoes Icf school aged girls in rEed. These were not treated as indpiidual grants. FINANCIAL REVIEW, INVESTMENT POLICY AND RESERVES The Chaity's income is primity obtained from dividends received on the Charity's Ggpital investments. and income for the year ended 31 March 2024 was £63,14212023." £56.7(Kll. Totsl expenditure for Ihg ye81 vra5 £82,85212023.' £51.2861. ofwhich £57,65712023' £28.8981 were grants p&d, a breakdown ofthis can be seen at note 4 of these financial statements. An in year surplus 01£77.320 wa5 seen at the end of the fi'nanual year. after taking into aCcnt gains on investrnents of £106,06712023.' in year deficit of £108.204, after ting into account losses on investments of £104.3381. Totsl reserves cathed fotwaid as at 31 March 2024was £l,826.C6912023.' £1,748,749) ofwhich £660,((2023'. £648.5561 rewesents unreslncted funds. RESERVES POLICY The endowment fvnds represent the ¢apital of the Charity up)n fomigtion. 8$ odjustsd lor 99ins ¥ThJ tos$ on inVeStrnts, which 1$ to be rnaintained indefnitely. The Trustees airn to maintain free reservès In unrestricted funds a a level %thi¢h equotes to approximatety 3 years Lmrestricted eXpe1lIUre. The Trustees consider11¥s level will prow7de sufficignt reserves in order to rnaintain a sufficienlty Subs"al religbTe annual incorne stream. Free reserves at thè ywend were £660.OCE (2023." £643,5) whth is in eXs9 olthe current poEy.' Twstees e actNely seekirvJ applications to expend ex¢¢s$ reserves. Page 3
NEWFIELD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Continued l.-...-. INVESTMENT POLICY The Trustees have seta forrnal ieStMent poll¢y for which the main objectives ar9 10." Prp5etve the Charity's serVeS in real terms.. Deliver a reasonable overall total tum, set al infiation plu5 3.5%.. and Sufficient liquidity to fund cash flow shortfalls and any unfunded ctsmmrtrnents. The Charrty pr6rkJdes any direct inwestm8nt in tobatto and amiament Iximpanies. and the investment manager will monitor the position ol cc4lècbve investment schem85 to ensure this is kepl to a minimum. The Trustees wish tobe reswnsibk investors and require that Environmental, Social and Govemarck IESGI siandard5 are followecj. The Trustees appoint Quitter Cheviot to rnanage the wrtfolio on a dlscrelionary basis in accordan with tre principles set out in the full Investment poliw statement. The Trustees will monitor performance ol the portfolio againstthe slated investment ben¢hmark5 set RBK STATEMENT The Trustees have reviewed the m3Joi TlSks to which the Trust Is exposed. and acts'on has been iaken to develop systems and procedures to mit'gate those risks. The TrtJ51ees will continue to monitor risk on a wular basi$, FUTURE PLANS The Trustees inlend to contiriu8 providing grants in a simllar way t¢ the Tecent past TRUSTEES RESPONSIBILITIES IN RELATrON TO THE FINANCIAL STATEMENTS The law applicable to charities in England and Waks requires the Trustees to prepare financial statements for each financial year whicm give a true and fair view of the Charity'8 financial athities during the year and ol its posrtion at the end of the year. In preparirvJ financial staternents, gITrg a twe and tslr view. the Trustees Should follow best pr8ctitE 8nd:_ selert sui18ble ac£ountin9 poll¢1 and then appty thern consistentty", observe the methods and principles ofthe Chants"es SORP". makejudgernents aThJ estimates th8t S reasonable and prudent., state whether applicable accounting stand8r(Is 8nd ststements ol recommended pr*e have been followed. subject to tny material departures disclosed and explained in the financial statements., and prepare tre financk?I statètnents on the going concern basis unless tt is inappropriate lo presume that Ch8rty will continLE its activities. The Trustees are responsible for keeping proper accounlng records, which disclose with reasonable accurary al any tirne, the finarcial positic of the Charity and which enable them lo er15we thatthe financ4al 5tatement5 comply wth the chare8 Act 2011. the Charity IAccounts and Reports) Regulations arKI the provisn of the TtUSt Deed. They have general rosponBibilty lor takng such steps 85 are re3sonabiy open to them to safeguard the assets of the Charity and to prevent and detèct fraud and other irregularth"e5.
proved by the Trustees on 3 October 224 and 5vJned on treir behalf by.. Mrs. J. Rawllngs Ch8ir of TrusteES 8 & 9 The Quadrant Coventry CV12EG Pagvl 4
NEWFIELD CHARABLE TRUST INDEPENDEMf EXAMINER'S REPORT TO THE TRUSTEES OF NEWFIELD CHARABLE TRLIST Independent Examinerf¥ Report to the TrusteES Of Newfield Charitablg TNst I report lo the Charity Trustees on my examination of the aUnts of the Ch8rty for th8 year ended 31 March 2024 which are set out on pages 6 to 11. Responslbllltl?s and basis of port As the Charity's Tiuslees you are responsible for the preparatim of the Bccounts In accoriJ8nce wfth the requirernents ol the CÉ)aritres Act 2011 Ilhe Aci'l. I report in respect gf my exarnination of the Charity's acxounls carried wt under s8cion 145 of the Aet and in arryiry OLrt my gxamlnatlon I have followed all the applicable Th'iections 9iven by Charity Commission under seth'on 14515}(bl of tre Act. Independent vxominets statement I have coMete my examinotion. l ¢Dnfirm that no rnatters havo ¢omg to my attention in connection with bye examination giving me cause to believe that in any materi31 respect.. aCting reo)rds were not kept in respect ofthe Charity as requir6d ty Slton 386 ofthe 2008 Act., or 2. the acrx>unls do not 8ccord wrth thtrso re¢or<Js", or 3. the accounts do notcomply with the applicable requirements lrning the form eontent tsf8cwunts Set out in trie Charities (Accounts and Reports) Regulations 2008 other than any requiremgnl that the accounts give a 'true 8nd fair view. is not a matter Considered as part of an independent examination. I have no concer and have coxne across no other matters in connectK)n with th? oxamln•tion to which attention should be drawn in th15 iepK)rt in order to enable a proper understanding of the accounts to be reached. Signed." GRCOXBAFCA Ilnstitute of Chartered Accountants in England and Wales) D8ffems LLP Chartered Accountants One EathocKI Hairy Weston Road Bin* Business Park Coventry CV32UB Date.. 3 October 2024 Page 5
NEWFIELD CHARITABLE TRUST STATEMENT OF FINANCiALACTIVITIES forthe year ended 31 MARCH 2024 Unrestrfctsd Restrlctsd Generdl Endowm?nt fund fund Totsi 2024 Tot•1 2023 Notes IhfOME AND ENDOVrfMENT8 FROM.. Geneiated funds.. Voluntary Income DonaW'oFB and gifts eA)O 6c Investment Incomg D¢'vidend incotne and tax refund Rents receivable 60,542 1,780 60,542 1.76Q 56.062 Total investment income 62,3Tr2 62.302 56.062 Other income Gwt5 retwned 240 240 Total Income 63,142 63,142 56.70CI EXPENDITURE ON: Charitable activides Grants payable Supportcosts 57,657 25,194 57,657 25,194 26,898 24.388 82,851 82.851 51,286 Rai$ing funds stKbrOkerfS fèes 9.038 9,038 9,280 Totsl expendilure 91,889 91,889 60.566 Net Incomollexpendlturel before other expenditure 128,7471 128,7471 13,8661 Net gainsllk)ssesl on investrments 45,197 60.870 1[.067 1104,3381 Net movement In fur¥J$ 16.450 60,870 77.320 1108.2041 Reconciliation of funds.. Fund bala8 * 1 Awil 2023 643.556 1,105.193 1,748,749 1,856,953 Fund balances at 31 March 2024 660,006 1.166.063 1,826,069 1.748,749 The Statement ol Financial Activitie5 incltjdes all pns a1 losses recognised in the year. l incoming res(yJrce5 and wes[Ce5 expend1 derive frorn continuing activibes. Page 6
NEWFIELD CHARITABLE TRUST BAL4NCE SHE 31 MARCH 2024 2024 Notes 2023 INVESTMENT Investment propètty QuDled investments 40.000 1.739,117 40,000 1.626,240 1,779,117 CURRENT ASSETS Ac¢tued Income Bardays Bank plc Quilter Cheviot bank accounts 1,666,240 4,891 42,459 37,917 3,629 52.490 53,303 85.067 109,422 CURRENT LIABILITIES Accr18 38,115 26.913 NET CURRENT ASSETS 46,952 82,509 NET ASSETS 1,826.C69 1.748,749 CHARITY FUNDS: CAPITAL FUND Endowrnent 1,1fj6,G63 1.105.193 INCOME FUNDS Unrestricted fund 660.006 643,5 TOTAL CHARITY FUNDS.. 1,828,Cf9 1,748.749 The acctunls on pages 8 to 12 were signed and authori5ed for issup on bèhalf of the Trustees on 3 October2024. £. kaw L, Mrs. J. Rawlln9$ Chair of Trustees Page 7
NEWFIELD CHARITABLE TRUST TES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 ACCOUNTING POLICIES The lollowng accounting pcrficies have been used consistendy in de19 wrth items which are consldered materi81 in relatn to the Charity accounts. General Infomiatlon and ba61s tsf preparation Newfield Charitable Tnjst is an unincorporated charity in Englana 8nd Wales. The address of the registered office is given in th& Charity information on page 1 of these lin8ncial statements. The nature of the Charity's operations and prirKipal activities are ttr apply the income ol the Trust in the relief ol the physical, mentsl and moral ne$ ol. and the promotion of the physical, $ocial and educational training of. girls and young wornen living in Coventry w Leamington Sp8 or the neighbourhood who aro in need of eare and assistance. Charty constitutes 8 puNic trenefil entity 8$ defined by FRS 1D2. The financial st8tements have been prepared in aoranCe wth Accounting snd Reporting by Chanties.. Statement ol Recommended Practice apICable to charities preparing their accounts in accordance with the Finanaal Reporting Standard apiCable in the UK and Republic of Ireland issued in October 2019. the Finthncial Reporting Standard applicable in the United >ts'ngdom and Republic of Iland IFRS 1021. the Charities Act 2011, and UK Generally AcTrpled Accountrng Pr8¢tice The financial ststements have been prepaied to give a 'true and fair, view and have departed from the Charities (Accounts and Report51 Regul81ions 2008 only lo the extent requirèd to provide a Irue and fair view.. This departure has involved following the Accounting and Repo)rting by Chaiib'es.. Statement of Recommended Practice applKablè lo charities preparing their accounts In accordance Mlh the Financial Reporting Standa¥d applicable in the UK and Republic of Ireland IFRS 1021 issued in Ortober 2019 ialher than the Aceounts'ng and Reporting by Charities." Statement of Recommended Practice elfedive from 1 April 2005 which has slnce been wthdrawn. The Iinarllal Statements are prepared on a going concern basis under the historical c05t convention, modified lo include cgrtain itsms at fair value. The financval statgments a presented in Pound Sterfing 1£) which is the futional currency of th& Charity, rountyed to the nearest £. Thè wgnifi¢8nt a¢Gounting poliaes applied in the preparation of these finan¢ial statements 8re sel out below. These policiss have been consisttrnlly applied to 811 years presented unless otherwise std. Investments Investments are recognised inits8lly at fair value which 15 normally the transaction price èxcluding transaction costs. Sub3equerfy, they are measured at fair value with changes re¢ognised in 'net gain5 1 (losses) on Investments, in the Statement ol Finanaal Activitieg ISOFAI if the shares are publicly traded or their fair value can otherwise bg measured reliably. Other investsnents are measured at Cost less impaimient. Curient asset inve$tment8 are short term highly liquid Investments 8nd are held at fsir value. These include cash on deposit and cash equivalents with a rnaturity of l&ss than one year. Inve8tsnent property Freehold land held for inve8tmenl purposes is stated at valuation on an open market basis. Income recognltlon l incomlng resources are included in the Statempnl ol Financial Activilies ISOFAI when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the incotne will be reIVed. Pagè 8
NEWFIELD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year end 31 March 2024 ACCOUNTING POLICIES ICONTINUEDI For donations lo be recognised the Charity will have been notified olthe amounts and the settlement date in writing. If there are conditions attached tci the donaticsn and this requires a level of perfom)ance before entitlement can be obtsined then income is cleferred unlrl Ihoso conolitions are fully met orthe fulfilment of those conditions is wthin the control ol the Charty 8nd it is probable that they will bg fulfilled. No arnount is it1ed in the fillancial $tslements for volunteer b.me in line wth thg SORP IFRS 1021. Investment Income is eamed through holding assets for investment purposes such as $hares and propety. It includes dividends. Interest and rent. WTrere il is not practle8ble to identify investment management costs incurred within a scheffle with reasonable accu18Cy the investment Iome is reported net of these costs. It is included when the amount can be measured reli8bly. Interest income is rewgnised Using the effective interest method and dividend and rent in¢ome is recognis¢d as the Charity's right to receive paytllent is pslablished. Expendlture reco9nltlon l expenditure is accounted for on an accruals basis arid has b¢en classified under headings that a99regale all costs related to the cat&gory. Expendittsr8 is re¢ognised where there is ¥ legal tsr constructive obligation lo make pAyrnents to third parties, it 13 probable that the setuemenl will be required and the amount of the obllgatson can be measured reliably. It is calegorised under the following headin9S'. Costs of raising funds includ*s the cost ol portfolio management.. ExpenditLJre on charitable acb'vities includes th8 direct C05t of giant making., and Other expenditure represents those iterns not falling into the categories above. Ir0VeratI& VAT Is charged as expense against thg a¢tivity forwhich expenditure arose. Grants payable to third part$ are Mrithin th8 charrtable objeGtives. Where uneonditional 9rantS 81e offer6(l. this is accrued as soon as the recipier¥t is nob'fied of the grant. as this gives rise lo a re8sonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions ar8 Outside ol the control of the Charity. Support Costs allocation Supwrt costs are those that a8SlSt thework oflhe Charity bul do not direct rèpresent ¢h8rilable a'vItieS and indude office costs. governance costs. etc. They are incurred directty in support ol expenditure on the objects of the Charity. Where supporl ¢osts cannot be direclly attributed to particulai heading5 they have been allocated to ¢ost of charitable activities on a basis consistent with use of the restsurces. Fund$ Unrestricted funds a available lor use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Endowment funrjs repiesent those assets which must be held permangnlly by tho Charity. principally18nd and quoted investments. Income arising oll the endowment funds can be used in 3iLordan¢e with the objects ol the Charity and is induded as nstricted income. Any capital gain5 or108ses arising on the investments fom part ol the fund. Debtots and credltors recelvable I payable wlthln one year Debtor5 and creditors with no statèd intere51 rate and re1Vble or payablo within one year ar¢ recorded at transaction price. Ally losses arising from impairmènt are recognlsed in expenditure. Page 9
NEWFIELD CHARrrABLE TRUST NOTES TO THE FINcIAL STATEMENTS forthe year endgJ 31 March 2024 ACCOUNTING POLICIES ICONTINUEDI GoFng eoncern The financial statements have been prepared on a going concern b8$1s as the Trustees believe that no materlal uncertainties exist. The Trustees have considered the level ol funtys held and the expecied level of income and oxpendilure lor 12 tnonths trom authorisin9 the3e financial 51atements. The budgetpd income and expendilure is sufficient with th8 IEvel of reserves for the Chority lo be 8ble to continue as goin9 concern. INCOME Income from dotwtlolls and gifts was £60012023". £6001 which was OllY attributablè to unrestricted fvnds. Investment irwrne w85 £60,542 12023. £56.0621 W1Ch was wholly attributable lo unrestricted general funds. Grants retumed re £24012023.. £381 ¥thich were wholty attributable to unrestricted ggnetal fund8. TRUSTEES, REMUNERATION The Ttee$ n6ither receNed any emoluments or expenses from the Trust during the current or pievious year. GRANTS 20 2023 No. No. To iTrSividuals for the following purposes., Educational Clothing Gener81 17,324 5,3B5 34.948 9.802 1.7e5 15,311 29 24 42 57.657 26,898 During the year £29.552 of grants were paid io 7 instrtutions12023. £11,200 to 51. YMCA Heart ol England rgceived £10,876 (for their yQLrth leadership programmel. Little Heath Primary School reeewed £448 ltsr a resKlenti81 trip for eligie girl pupils), Coundon Primary Sr*ool received £9,028 (for iPads for eligible girl pupils), You Can Flourish received £5,000 Ifortheir rnentorit programmel. Karios reiVed £700 Ifor gifts for eligible females). Coventry Rugby Foundation received £1,00012023". £1,(H)01 (for markoting lor girls only Rugby pr(4iamrnel, Coventry Children's Boot Fund received £2.500 Ito prowde school shoes to digible girJsl- SUPPORT COSTS 2024 2023 Governan Costs". Clerk's fee Independent exarninerfs fee Insuran Professional lees 21,240 3.354 280 320 20,420 320 25.194 24,388 Expendibjre on support¢ostswerewholly attributableto unrestrictedfunds in both the currentand preIrng year_ Page 10
NEY¥FIELD cPlARABLE TRUST NOTES TO ThE FINANCIAL STATEMENS forthg year ended 31 March 2024 INVESTMENT PROPERTY Cost orvaluallon Freehold Land As at 31 March 24 and 31 March 223 40.000 Th9 freehold land at Washbrook Lane. Ajlesley, Coventy is held for investm¢nt PLirposes and was revalued cn an opeft matkel basis as at 01 June 2021 by Godfrey Payton. Ch8rtered Surveyors, in order to coMY th the Statemerrt of Recommended Practice'Accounting by Charib"es". fhg historical cost ofthis land was £4,000. Thè Trustees consider thore has been no significanlchange in ihe value olthe18nd since the18yI vafuthn. FIXED ASSET INVESTMENTS 2024 2023 Ma*ket value at 1 April 2023 1,$26,24CI 1,683.4Q3 Less.. sale prcceeds Add.. acquisitions at cost Net gain51llossesl revaluation 8131 March 2024 1446.8181 453,628 1(b.(7 166,3391 113,514 1104,3381 Market value at 31 March 2024 1.739.117 1,626,240 Historical cost at 31 March 2024 1,476.440 f,448.82S No investment represented more than S% ofthè pLthKo value during the currentyear. ANALYSIS QF NET ASSETS BY FUND General Endowment De5vJnated Unrestrlcted Fund Income Fun Fund cyentyear Total Inveslmont property Quoted investments 8glanTr5 With QUier CheviDt Other ojtrent assets Current liabi1rt18s 40,0 1.C60,854 20.725 44,484 40,0( 1.739,117 37.917 47.19) 138.1151 678,263 17,192 2,686 138.1151 Fu)Yl b818rte as at 31 Mgrch 2024 1.166,063 660,OOS 1.826.069 Page11
NEWFIELD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENS for th• year eniled 31 March 2024 ANALYSIS OF NET ASSEfs BY FUND ICQNTINUEOI General Llnrestrict Ftsnd Prlorye#r Endtswmont Deslgnated Fund In¢ome Fund Totsl Investment pr¢Jpety Quot8d investments Balance5 Wrth Quifter Chev4)t Other current assets 40,000 984.807 41,149 39,237 40.000 1.626.240 53,303 56.119 126.9131 641,433 12.154 16,882 1219131 Fund bajants as al 31 Mah 2023 1,105, 193 643.556 1.748.749 The Initial capit81 of Ihe Trust was pla0 in the end0Ment fund. This fvnd is inteThJed to provide the permanont capital base of the Trust. The unrestricted fund is ub'li5ed for the noal prO$10n of grants. RELATED PARTY TRANSACTIONS There were no reL4ted party trans)n& during the year12023." £nil). There wgre no transacti¢)n5 th Trustees. other than those discbsed in note 3. Page 12