2023-04-05-accounts - Newby Trust Limited

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category, the directors approved grants	off104,000to:
Cockpit Arts	E24,000	over 3years
The Access Project	810,000
Action Foundation	E10,000
Armonico Consort	E5,000
BFAdventure	85,000
Chance to Shine	E14,000	oval 2 years
Future Talent	E6,000
Opera Holland Park	610,000
Pimlico Opera	610,000
The Wheels Project	F10,000

In th	is category the directors approved grants of657	,500to:
	Action for Elders	F5,000
	Dementia Friendly Parishes	f5,000
	Forget-me-not Chorus Cardiff	E6,000
	Growing Well	L7,500
	The Harbour	L5,000
	Medics4RareDiseases	L5,000
	Power2	F10,000
	Rosemary Foundation	F9,000
	Somewhere House Somerset	F5,000
3.	Welfare

AIIAboard Watersports	AIIAboard Watersports	F5,000
Blackmore Vale	Pantry	L6,250
Breadwinners		F5,000
Changing Tunes		F5,000
The Family Haven		F5,000
Gloucestershire	Bundles	F5,000
Hampton Trust		F10,000
Hope in the Valley Riding for the Disabled Jo Cox Foundation		F1,000 f7,500
JCWI		F10,000
Kent Kindness		62,000
LASSN		E6,000
Lifeshare		68,500
Mothers for Mothers		610,000
Period Power		F5,000
Sleepsafe Selby		F5,000
Trojan Women's	Foundation	L3,000

000was spent on the special category and	grants were made to:
Client Earth	F35,000
Project Seagrass	F10,000
Trees for Cities	F10,000
LEAF	225,000
Cool Earth	225,000
Rewilding Britain	825,000
Heal Rewilding	E5,000
Wicked Weather Watch	E5,000

(	i	ncorp	orating an income and expenditure account)	orating an income and expenditure account)	orating an income and expenditure account)	orating an income and expenditure account)
			FOR THE YEAR ENDED 5APRIL 2023
					Unrestricted	Endowment	Total	Total
					Fund	Fund	2023	2022
			Notes		E		E	E
TOTAL INCOME
Investment income					556,459		556,459	516,801
					556,459		556,459	516,801
EXPENDITURE
Cost of raising funds:
Investment management	costs			8		98,811	99,660	111,833
Charitable activities				9
Cost ofgrant making:
Education					112,734		112,734	127,896
Health Welfare Special category -environment Miscellaneous					62,491 188,807 151,645 21,663		62,491 188,807 151,645 21,663	161,519 151,170 49,248
Cost ofgrant making					537,340		537340	489833
TOTAL EXPENDITURE					538,189	98,811	637,000	601,666
Net income / (expenditure) for the year before gains and losses on
investments					18,270	(98,811)	(80,541)	(84,865)
Net gains/(losses) on
investment assets				14		(1,837,759)	(1,837,759)	920,518
Net income / (expenditure) before transfers					18,270	(1,936,570)	(1,918,300)	835,653
Transfers				12	(19,762)	19,762
Net income / (expenditure) / Net movement in funds		for	the	year	(1,492)	(1,916,808)	(1,918,300)	835,653
Reconciliation offunds
Total funds brought forward					655,124	25,675,739 26,330,863		25,495,210
TOTAL FUNDS CARRIED		FORWARD			653,632	23,758,931 24,412,563 26,330,863

				Unrestricted	Unrestricted	Endowment	Total	Total
					Fund	Fund	2023	2022
		Notes			8	8	K	E
FIXEDASSETS
Tangible fixed assets			13					533
Listed investments			14		399,356	23,784,018	24,183,374	26,021,389
					399,356	23,784,018	24,183,374	26,021,922
CURRENT ASSETS
Debtors			15		140,448		140,448	131,217
Cash at bank and in hand					352,160		352,160	344,306
TOTAL CURRENT ASSETS					492,608		492,608	475,523
LIABILITIES
Creditors falling due within
one year			16		(230,332)	(25,087)	(255,419)	(166,582)
NET CURRENT ASSETS
I(LIABILITIES)					262,276	(25,087)	237,189	308,941
TOTAL ASSETS LESS
CURRENT LIABILITIES					661,632	23,758,931	24,420,563	26,330,863
Creditors falling due afier
more than one year			16		(8,000)		(8,000)
NET ASSETS					653,632	23,758,931	24,412,563	26,330,863
THE FUNDS OF THE CHARITY
Endowmentfund
Expendable endowment						19,038,929	19,038,929	18,990,951
Revaluation reserve						4,720,002	4,720,002	6,684,788
Unrestricted income fund					653,632		653,632	655,124
					653,632	23,758,931	24,412,563	26,330,863
These financial statements	have		been	prepared in accordance with			the special provisions for small
companies under Part 15ofthe		Companies			Act 2006.

		2023 E	2022f
CASH FLOWS FROM OPERATING ACTMTIES
Net movement in funds		(1,918,300)	835,653
Adjustments for:
Depreciation		533	533
(Gains)/losses on investments		1,837,759	(920,518)
Dividends from investments		(535,328)	(516,291)
Interest from investments		(21,131)	(510)
(Increase)/decrease in debtors		(13,801)	(11,896)
(Increase)/decrease in accrued income		4,570	(23,498)
(Decrease)/increase in creditors		96,837	(47,795)
Net cash used In operating activities		(548,861)	(684,322)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends from investments		535,328	516,291
Interest from investments		21,131	510
Purchase ofinvestments		(3,106,652)	(5,454,501)
Sale proceeds ofinvestments		2,647,260	5,882,813
(Increase)/decrease in cash held	for investment	459,648	(338,900)
Net cash provided by Investing	activities	556,715	606,213
CHANGE IN CASH AND CASH	EQUIVALENTS	7,854	(78,109)
CASH AT START OFYEAR		344,306	422,415
CASH AT END OFYEAR		352,160	344,306

UNRESTRICTED INVES	TMENT INCOME
		2023	2022
		E	K
Gross income receivable	from listed investments	535,328	516,291
Gross Income receivable	from cash held as part ofthe
investment porffolio		17,758	387
Gross interest receivable	from monies on bank deposit	3,373	123
		556,459	516,801

The breakdo in the table	wn ofsup below.	port costs and how thes	e were allocated on the ba	sis of staff time	, is shown
2023			Cost of
Cost type			raising	Charitable	2023
			funds	activities	Total
				6
Salary (one	employee	only)	404	19,772	20,176
Depreciation	office equipment		11	522	533
General expenses			44	2,168	2,212
Governance	costs (note 11)		390	19,128	19,518
Total			849	41,590	42,439
2022			Cost of
Cost type			raising	Charitable	2022
			funds	activities	Total
				8	E
Salary (one	employee	only)	427	20,945	21,372
Depreciation	office equipment		11	522	533
General expenses			47	2,318	2,365
Governance	costs (note 11)		382	18,698	19,080
Total			867	42,483	43,350

The total support cost attributable to charitable grants awarded as shown in the table below.	activities Is then apportioned pro	rata to the value o
Total costs	2023	2022
		'E
Education	8,734	11,046
Health	4,991	14,019
Welfare	14,557	13,170
Special category - environment	11,645
Miscellaneous	1,663	4,248
Total allocated	41,590	42,483

2023			Unrestricted	Endowment	2023
			Fund	Fund	Total
			E	5
Investment	management	fees		98,811	98,811
Governance	and support	costs (note 7)	849		849
Total			849	98,811	99,660
2022			Unrestricted	Endowment	2022
			Fund	Fund	Total
				5
Investment	management	fees		110,966	110,966
Governance	and support	costs (note 7)	867		867
Total			867	110,966	111,833

		General	General	Total	Governance
		fund	fund	grant	and
2023	General	designated	special	funded	support	2023
	fund 6	fundf	category	activityf	costs 6	Total
Education	80,000	24,000		104,000	8,734	112,734
Health	57,500			57,500	4,991	62,491
Welfare	99,250	75,000		174,250	14,557	188'i807
Special category - environment			140,000	140,000	11,645	151,645
Miscellaneous	10,000	10,000		20,000	1,663	21,663
Total	246,750	109,000	140,000	495,750	41,590	537,340

		General	Total	Governance
		fund	grant	and
2022	General	special	funded	support	2022
	fund 6	category 6	activity 8	costs 6	Total E
Education	116,850		116,850	11,046	127,896
Health	45,000	102,500	147,500	14,019	161,519
Welfare	138,000		138,000	13,170	151,170
Miscellaneous	45,000		45,000	4,248	49,248
Total	344,850	102,500	447,350	42,483	489,833

EDUCATION
10grants to Institutions	ofover E1,000each	104,000
HEALTH
9grants to institutions	ofover E1,000each	57,500
WELFARE
18grants to institutions	ofover F1,000each	174,250
SPECIAL CATEGORY - ENVIRONMENT
8 grants to institutions	ofover E1,000each	00 140,0
MISCELLANEOUS
2 grants to institutions	ofover F1,000 each	20,000
Total grant awards		495,750

11.	ANALYSIS	OF GOVERNANCE	OF GOVERNANCE	OF GOVERNANCE	COSTS		2023f	2022
	Auditor's remuneration:			audit			3,150	2,880
	Professional	fees: accountancy					16,368	16,200
							19,518	19,080
12.	TRANSFERS
						Unrestricted
					Unrestricted	Fund	Unrestricted
					Fund	Designated	Fund	Endowment	Total
					General f	2023/2024 f	Total	Fund f	2023 f
	2023
	Transfer for	20% allocation of
	Investment	manager	fees
	charged In full to the		expendable
	endowmentfund				(19,762)		(19,762)	19,762
	Transfer for	grant funding
	Transfers to
	Small grants	fund			(75,000)	75,000
	Career development		fund
	Ukraine fund
					(94,762)	75,000	(19,762)	19,762
						Unrestricted
					Unrestricted	Fund	Unrestricted
					Fund	Designated	Fund	Endowment	Total
					Generalf	2022/2023 f	Total f	Fund f	2022 f
	2022
	Transfer for	20% allocation of
	Investment manager		fess
	charged in full to ths		expendable
	endowment	fund			(22,193)		(22,193)	22,193
	Transfer for	grant funding			285,275		285,275	(285475)
	Transfers to
	Small grants	fund			(75,000)	75,000
	Career development		fund		(24,000)	24,000
	Ukraine fund				(10,000)	10,000
					154,082	109,000	263,082	(263,082)

13.	TANGIBLE FIXEDASSETS	Office
		Equipmentf	Totalf
	Cost
	At 6 April 2022	1,599	1,599
	At 5 April 2023	1,599	1,599
	Depreciation
	At 6 April 2022	1,066	1,066
	Charge for the year	533	533
	At 5 April 2023	1,599	1,599
	Net book value
	At 5 April 2023
	At 5 April 2022		533
14.	LISTED INVESTMENTS
	Total investments at 5 April 2022		26,021,389
	Less: Cash balance		(1,108,526)
	Market value at 5 April 2022		24,912,863
	Less: Unrealised appreciation		(6,684,788)
	Cost at 5 April 2022		18,228,075
	Add: Purchases at cost		3,106,652
	Less: Disposals at cost		(2,520,233)
	Cost at 5 April 2023		18,814,'494
	Add: Unrealised appreciation		4,720,002
	Market value at 5 April 2023		23,534,496
	Add: Cash balance		648,878
	Total investments at 5 April 2023		24,183,374

gains on investment asse	ts of	Endowment Fund
			2023	2022
			6	6
Realised gain/(loss) for the	year		(322,504)	403,767
Increase/(decrease) In unrealised		gain at the year end	(1,515,255)	516,751
Net gain/(loss) for the year			(1,837,759)	920,518
Brought forward losses/(profits)		crystalllsed
in the year			(127,027)	(2,574,712)
Net movement In unrealised	gain		(1,964,786)	(1,654,194)
Unrealised gains at 6 April	2022		6,684,788	8,338,982
Unreallsed gains at 5 April	2023		4,720,002	6,684,788

		Unrestricted	Unrestricted	Endowment	Endowment	Total	Unrestricted	Endowment	Total
			Fund	Fund		2023	Fund	Fund	2022
			6		6	6	6	6	6
15.	DEBTORS
	Other debtors		33,682			33,682	19,918		19,918
	Prepayments and accrued income		106,766			106,766	111,299		111,299
			140,448			140,448	131,217		131,217
16.	CREDITORS: Amounts	falling due within one			year
	Grants payable:
	Education		33,000			33,000	15,000		15,000
	Health		88,000			88,000	106,000		106,000
	Special category		90,000			90,000
			211,000			211,000	121,000		121,000
	Other creditors and accruals		19,332	25,087		44,419	18,600	26,982	45,582
			230,332	25,087		255,419	139,600	26,982	166,582
	CREDITORS: Amounts	falling due after more
	than one year
	Grants payable:
	Education		8,000			8,000
	Health
	Spedal category
			8,000			8,000

MOVEMENT IN RECOGNISED GRANT COMMITMENTS	MOVEMENT IN RECOGNISED GRANT COMMITMENTS	MOVEMENT IN RECOGNISED GRANT COMMITMENTS	2023	2022
			E
Charitable	commitments accrued
Charitable	commitments recognised	at the start ofthe year	121,000	166,630
New grant	commitments charged to	the SOFA in year (note 9)	495,750	447,350
Grants paid during the year			(397,750)	(492,980)
Amount of	grant commitments recognised at 5 April 2023		219,000	121,000

ANALYSIS	OF CHARIT	ABLE FUNDS
Analysis of	fund	Fund at					Fund at
movsmsnts		5 April				GaIns and	5 April
		2022f	Income f	Expenditure f	Transfers f	(losses) f	2023f
Unrestricted	fund
General		546,124	556,459	(429,189)	(94,762)		578,632
Small grants	2023/2024	75,000		(75,000)	75,000		75,000
Career development		24,000		(24,000)
Ukraine		10,000		(10,000)
Total		655,124	556,459	(538,189)	(19,762)		653,'632
Expendable	endowment	25,675,739		(98,811)	19,762	(1,837,759)	23,758,931
Total charitable funds		26,330,863	556,459	(637,000)		(1,837,759)	24,412 563

COMPARAT	IVE OF CHARI	TABLE FUNDS
Analysis of	fund	Fund at					Fund at
movements		5 April				Gains and	5 April
		2021 6	Income 6	Expenditure f	Transfers	(losses) 6	2022
Unrestricted	fund
General		365,941	516,801	(490,700)	154,082		546,124
Small grants	2022/2023				75,000		75,000
Career development					24,000		24,000
Ukraine					10,000		10,000
Total		365,941	516,801	(490,700)	263,082		655,124
Expendable	endowment	25,129,269		(110,966)	(263,082)	920,518	25,675,739
Total charitable funds		25,495,210	516,801	(601,666)		920,518	26,330,863

		Unrestricted	Endowment	Total
		Fund	Fund	2022
	Notes		E	K
FIXEDASSETS
Tangible fixed assets	13	533		533
Listed Investments	14	318,668	25,702,721	26,021,389
		319,201	25,702,721	26,021,922
CURRENT ASSETS
Debtors	15	131,217		131,217
Cash at bank and in hand		344,306		344,306
TOTAL CURRENT ASSETS		475,523		475,523
LIABILITIES
Creditors falling due within
one year	16	(139,600)	(26,982)	(166,582)
NET CURRENT ASSETS
I(LIABILITIES)		335,923	(26,982)	308,941
TOTAL ASSETS LESS
CURRENT LIABILITIES		655,124	25,675,739	26,330,863
Creditors falling due afier
more than one year	16
NET ASSETS		655,124	25,675,739	26,330,863
THE FUNDS OF THE CHARITY
Endowment fund
Expendable endowment			18,990,951	18,990,951~
Revaluation reserve			6,684,788	6,684,788
Unrestricted income fund		655,124	-	655,124
		655,124	25,675,739	26,330,863

WELFARE
Feeding Families Manchester Cares					f25,000 f7,000
Team Oasis					F10,000
Hope in the Valley	RDA				F1,000
Leeds Asylum Seekers		Support		Network	f5,000
Lifeshare					f5,000
Wintercomfort					f5,000
Backon Track					f20,000
Sport4Llfe					F10,000
R L Glasspool Charitable			Trust		F50,000
						f 138,000
MISCELLANEOUS	ENVIRONMENTAL
The Climate Crisis	Foundation				f10,000
Centre for Sustainable Co-Farm Foundation		Energy			f25,000 f10,000
						f 45,000
TOTAL GRANTS						f447,350