Charity number.. 227620 STEWARDS OF THE INCORPORATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARITY) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi CONTENTS Page Reference and administrative details of the charity. its trusiees and advisers Report of the Comrnittee of Stewards Independent audltorfs reFbQrt on the financlal 8tatements Statement of financial actlvities 7-10 Balan¢e sheel 12 Statement of cash flows 13 Notes to the flnan¢lal $tstements 14-29
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi REFERENCE AND ADMINISTRATIVE DETLs OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Trustees H Amer P Andetson (resigned 31 Dember2025l C G Atkinson N B Atnson A R Bainbridge R E Brewis lappoin18d 11 June 20251 T R M Cwper lappointe£l 7 O¢toW 20241 J John50n Iresvjned 7 May 20251 B Nesb P Powell P Summerhill D G Waugh FCA H D Wilson Charity registered number 227620 Principal office M(x)r Bank L(Mlge Claremont Road New¢asUe upon Tyr NE24NL Independent auditor Arrnslrong Watson Audrt Limf(ed One Strawbery Lane Newcasde uKKJn T NE148X Bankers Llowjs Bank PIC 15-21 Northumberland Streel Monument Mall Newcaslle upon T NE17DE Investment Managers CCLA Investmenl Managemenl Limiied One Angel Lane London EC4R 3AB chalrnian H D Wilson Vice Chairman N B Alkinson Hon Treasurer D G Waugh FCA Page 1
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi REPORT OF THE COmMEE OF STEWNRDS FOR THE YEAR ENDED 29 SEPTEMBER 2025 The Stewards Committee are pleased lo psent their pOrt. Iether wth the audited finanual statements of the Charity forthe year end 29 Septetnber 2025. Reference and admintstrab.ve delails sel oul on page 1 fo part of this repot1. The financial ststements Comply wrth the a¢U11¥j pdiues Set out in note 2. the Chavties Act 2011. the Charity'5 goveming dorurnent and the Statement of Recomrnended Practi Accounting and Rep[9 by Charities". StateTnent of RecomtDended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard al¢trIe in the UK and Republi¢ of Ireland IFRS 1021. Struciure, governance and rnanagement . Governing document The Charity is registered with the Chaiity CommissK)n as Town M(M)r Charity. Rl$tratIOn Number 227620. The Stewsrds Committee of the FreeTnen of Newcaslle uwn Tyne tnanage5 the affairs of the Freemen of Newcastle upon Te in accordance with the goveming docutnent5,' the Newcasue upon Tyne Town Moor Act 1988 and th8 Rules and Orders of lh8 Si8wards of the In(xJrpora18d Companies of th8 Fre8men of th8 City of Newcastle upon Tyne. b. Recruitment and appointment of Stewards Commillee The Stewards Cotnrnittee 15 the boyjy of tIU5tee5 appointed by annual electi each Michaelmas Guild. Any St8ward of a Cornpany of Fr8em8n is eligitAe to stand for 818ction. There 8r8 28 active Cotnpanies of Fre8men with 82 Company Stewards, who represent 1.917 Freemen. At tre Michaelrnas Guild. the Stewards Cotnmittee consisting of not less than 9 and not rnore than 12 Stewards shall be elected under the authority of SectK>n 6 of the Newcaslle uw)n Tyne Town Moor Act 1988. Each Steward elected to the Stewards Committee shall remain a member of the Committee until the next Michaelmas Guild or until eadier resignation. even shouhl he cease to be a Steward in the interim period. Should a member of the Stewards Committeè die or resHJn frtsm the Commillee then the Committee has the power to ¢o-OPt any Steward to fill any casual vaeancy until the MielMa$ Guikl next followng such vacancy. ¢. Inilu¢tlon and support for trustees in exer¢lsin9 duties The inducb'on and training of Ihe Siewards Commitiee is deah with attording to individual ne8d and supported by an Information Pack OLJUining Ihe role and resrM)nsibilities of bng 8 trusteè as well as infomiation parochial to the affairs and gcM)d management of the Chanty. d. Organisatlon The Stewards Comrnittee acts as an eX8(tiVe tK)dy and is accountab18 to the OV8rall body of Freernen to wkK)m they report on rnatters of Operaonal and strategic SnIfICan¢* in relation lo the Town Moor thr8& times a year at the Corpus Christi. Michaelmas and Lent Guilds. The Slewar¢s Committee hold a full comrnittee meets.ng each month. with other rneetings being held as and when required. The T¢)wn MoDr Superintendent is appointed by the Stewards Corntnittee to effectNety c(H)rdinate the day lo day Opera'onal affairE of the organisation in direct working liaison with degnated trustees. Page 2
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi REPORT OF THE COMMrrTEE OF STEWARDS ICONTINUEDI FOR THE YEAR ENDED 29 SEPTEMBER 2025 Structure, governance and rnanagement {continuedl e. Related partles 1. Town M(K)r Money Charty Ihnked chantyl Initially this was patl of the Town Moor Charity. but in 1967 the Charity Commission advised setting up separate Charity and this was encapsulated in the prowsKJn of The charib.es (Town Moor Money Charity. Newcastle upon Tyne) Order 1970. The income of the Town M(MW Money Charity is derived frotn the letting of Int8ke5. The Stewards Cornmtttee are the b(xJy respon5itAe for allo(ztion of land and negotiation of rents for Intake areas. An Intake is an area of land not currendy used for grazing as specified in the Newc2stle un Tyne Town Moor Ad 1988 for which the overall area sel aside for such purposes musl not exceed 100 acres in total. In 2018, pemiission was granted by the Chartty commissi lo treat the Charity as a linked charity for registration and aCcntirj purwse5. The funds of the Charity are Teported wrthin resiricled fund5 Within these financial slatemenis. The Stewards of the Incowporated Cornpanies of the Freemen of New58 upon Tyne is the reporting ch8nty- 2. St Mary Magdalene and Holy Jesus Trust The Freemen have a direct link wlh this Twu5t in that member5 of the Stewards Cotnrnittee 5etve on the Board of trustees al(9 wth representative5 of th8 City Coun1 other rare providing organisations. The Trust, as an Ajms House charity. provides an alIcted number of bungalows for Freemen. their widows and daughters. on land which fomied part of the Tovm Mo(*. f. Rl$k management The Stewards Cornmitt8e activety revw th8 maj(x risks Ihe Charity faces on a regular basis and b81i8V8 that by maintaining reserves cornbined wth an annual r8view of the controls over key finanaal systems. will provide $uffi¢ienl wOUr$ In the event of adverse o)ndition$. The Stewards Committee have also examined other operatsonal and business nsks whi¢h they face and confirm that Ihey have established systems to mitigate the 51gnifint nsks. Objectlves and actIvie$ a. Poll¢ies and objectives The St8wards Committ8e adopts schemes and poliaes wilh regard to 8Trsuring the effective maintenance of the Newc8sU8 Town McM)r, overseeing inv8slmentS and in(x)me generated kn fund the daily managem8nt and improvement ol the To¥vn Moor. all ol which is aimed at se¢urino the wellbeing for grazing lor future generations of Freemen and safeguarding the open space for the obTrns of Newcasiie lo enjoy traditr.onal NJhts of 'alr and exerose., in ac(x)rdance with the New(35Ue UPK)n Tyne Mwr Act 1988. In planning and Carrwng (rt the Chanws activibes for the year. the Stewards Commrttee have considered the guidance produced by the ChariThe5 cn15s1O putAic benefft. induding the guidance public benefit.. running a charity IPB21'. b. Strategies for achieving objecti In essence. the strategic direction of the Charrty focuses on Ihe Stewards Committee maintsining ancl 5u¢ce5sfully managing the Town Moor for grazing. albpif in an urban environment. whilst also looking to the confidence of the general public in this major enmronmenlal asset. Under the Act, the Town Moor is safeguarded from encroachrnent and risk of developmenl by the continuation of grazing therefore land management i$sues centre around sustaining Fyoper standards of agri¢ultur81 ¢ultivalion and Mainten8n of boundanes whilst ty.ng to balan b¥Mlivetsty. The overriding aim is to maintain UIre(l standard withln budget and which 15 dependent upon the incorne in any fiscal year. Page 3
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi REPORT OF THE COMMrrTEE OF STEWARDS ICONTINUEDI FOR THE YEAR ENDED 29 SEPTEMBER 2025 Achievements and perfowmance a. Main achievements of the Charity . Our statutory commitments continued to be met indudin9 the overridirwj OblatiOn to 9Trze the Town Moors. The Town Moors We mainlained and kept availab to the public for air-anipexercise. delivering significant public leisure as well as physical and tnental health beneffi . Protection of the Cty from llooding through installation of 8 rnajor fality i)n th8 Town Moor to hokj rainwat8r during periods of exceptional rainfall. As part of our strategy In SpeCt of dimate change mrtat and bKMJiversity. several treelhedge antIng projects were undertaken. working In cwpet3tion wilh Newcastle City Council. the North E35t Cotnrnunrty Forest and Northumbria Wildlife Trust. This was iecognised by the Lord Mayor of Newcasue who made us the winner of his 2025 Cornmunty Stewards DeSn Award. Enabling public ènjoyrenl of the m(x)rs through Ihe farxlilatiw of event spaces for fairground, rircus, music. mnning. Community events and ligU$ gatherin9S. Improved reporting to, and communication with. Company Stewa$ and the wider population tsf Fernen through implementation of a strategy for electr comrnunirAtion5 lernail, socral media, webl as well as printed m8dia1rn8gazine, calendar). Financial review a. Financial rewew Nel income. after net losses on invÈslmÈnts. was £66.Y71 12024- net income after net gains on investments was £493.8001 as disdosed in the ststement of finan(8al acbvib.es on page 11. The total funds at 29 September 2025 amounted to £5,677.952 12024.. £5,610.9811. The principal sourr*s of income comprise rents, wayleaves. letbngs investment income and in accordance wrth the provisions of the New¢aslle urM)n Twe Tolvn Mth)r Act 1988. Ihe Stewards Committee applies the income to the improvement and management ofthe New¢asNe Town Mty)r. b. Reserves pollcy The Stewards Cornrnittee have examined Ihe requirement for free reserves which ar8 those unr8Strict8d funds not invested in fixed assets. designated for speufic purposes or otherwise committed. The trustees consider that the serveS held are Suffint to generate in¢we lo meet Ihe costs of the maintenan. reinslatemenl and rnanagernent if there was a drop in rental or olher incotne frotn the Town Moor. The free reserves not invested in fixed assets, d8sAgnat8d and r8Strict8d funds at 29 S8Ptemb8r 2025 w8r8 £655,960 12024.. £594,008). The reslricled Capital SerVe ol the Charity at 29 Serrtember 2025 amounted to £1,570.11912024." £1.644.6691 and 15 held specthcally under the Newcasue UFK)n Tyne Moor Act 1988 to be used to finance irnprovements lo the Town M(x)r. The total $tricted funds of the linked charily al 29 Seplember 2025 We £94.541 12024.. £90.9931. Page 4
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi REPORT OF THE COMMrrTEE OF STEWARDS ICONTINUEDI FOR THE YEAR ENDED 29 SEPTEMBER 2025 c. Investments policy The Charrty's investrnent wlicy is to have a dNet5e base to spread risk whilst simultanec¥Jsly aiming for Capital appreoation at least 8qUiVat to inflabon arKJ an Incorne return Su[fict to rneet future capital expenditur8 needs and oryoing 8nd cydical operational )sts not recovered from incorne from operations. The investments f¢ld by the Chanty a quoted investrnents from which incx)me of £125.79812024: £123.6261 was reIVed during the year. The quoted inveslrnents are tnainly professionally rnanaged by CCLA Investtnenl Management Lirnited (Charibes Official Inveslment Funds). The fair value of the investment5 wa5 £4,301,450 12024.. £4,513,900). The Stewards Committee consider Ihe investrnent return to b8 in line with th8 investment obieclives set. d. Plans for future period Funding provision 15 being Set aside for capital atml revenue schernes induding.- . Fen4lne. cattle pens. water troughs and attess gateways replar*ment and rnaintenanrx. IT support and IT functionality enhanmentS. . Drainage and floKJd risk tnitigabon on the rnain TO MLw)r. Environmelltal improvement schemes, induding fijther tree and hedge planting. Continuing to enhance (x)rnmunications, in particular, engagement Cornpany Steward5, Fr8em8n and other stskeholders. Speualisl professional servw in respe¢l of g)verna. lease management and exe¢uty"on of Fernen responsibiltlies in relation to the Town Mwr5. Statwnent of trustees, re$ponslbllltlÈs The trustees are responsible for preparing the Rert ol the Committee of Stewards and th8 finanaal statements in ac£ordanee wilh applicaNe Lqw and Unitsd lQ"ngdon A¢nting Slandards Iunited Kingdom Generally Accepted Accounting Pra¢ti¢el. The law applicatA8 to chariti8s in Eryland & Wal8s requir8s th8 tnJsts8S to pr8pare finanual st8t8ment5 for each fin8ncial ye8r which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of $oUr. induding its income and expenditure. for that peri. In pParing these financial statements. the trustees a requiod to-. . selecl suitable ac(x)unting tmJlieS and then appty them nsIStenty, ' obseNe the methcmls and principles of Ihe Charities SORP IFRS 1021- ' make judgments and accounting esiimales that are 0$Onable and prudent". state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any tnaterizl departures disclosed and eXained in Ihe financial staternents., prep8re the fInarla1 statemenis on the gThro concem basis unless rt is inappropriate io pr8surne that th8 Charity wll continue in twsiness. The trustees are responsible for keeping adequate accounbng records that are suffiaent to show and explain th8 Charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial slaiements ttjmply the Ch8ritiÈ5 Act 2011, the Charity (Accounts and Rewrtsl Regulabons 2(K)8 and the provisk)ns of the goveming documents.. They a also responsible for safeguarding the as5et5 of the Charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irTegularibe5. Page 5
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi REPORT OF THE COMMrrTEE OF STEWARDS ICONTINUEDI FOR THE YEAR ENDED 29 SEPTEMBER 2025 Di5c105ure of information to auditor In so far as the trustees are abyare". . ther8 is no relevant audit infornthon ofvknith the Charitys auditor is unawar8, and th8t trustee has takÈn all the steps Ihal oughl to have been taken as a trustee in order to be aware of any levant audit information and to establish that the Chariws audrtor is awa of that Inft*mab"on_ Approved by order of the [neMbe of the LN)a of trust&s atvj Sned on their behalf by. H D Wilson Chairman Dale.. Page 6
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF STEWARDS OF THE INCORPORATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARITY) Opinion We have audited the finanryal statetrnts of Stewards of the IncJrporated Companies of the Freemen of Newcastle upon Tyne (The Town Mr Charity) (the ¢h8riVI for Ihe year ended 29 September 2025 which comprise the statetnent of finaNaal activihes. the balan sheet, the 5taternent of cash flows and the related notes. including a surnmary of Signifint accounting poliues. The finanoal reportiry frarnework that has been appli8d in th8ir preparation is appliGqble law and United Kingdom AoUnting Standards, induding Finan81 Repo+ting Stan¢Yard 102 Tre Financial Reporbng Stsndard ap[AUb in the UK and Repul1¢ of Iland, (United Kingdom Generally Accepted Ac¢wnting Practi1. In our opinion the financial staternents: give a true and fair view of the state of the thariws affairs a$ al 29 September 2025 and of its ino)ming resour5 snd application of resour5 for the year then ended- have been properfy prepared in accordan with Unrted Kingdom Generally Accepted Accounting Practice., and . have been prepared in a¢¢ordarKe wth Ihe requirements ol the Charities A¢[ 2011. Basis for opinion We conducted our audtt in accordance wtth Intemational Standard5 on AUd.g IUKI IISA5 IUKII and applicable law. Our responsibilities under those standards ar8 further d8scrib8d in th8 Auditorfs r8sponsibiliti8s for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical qUIrementS that a relevant to our audit of the finanual statements in the United Kingdom, Including the Financial Reporting Council's Ethical Siandard. and we have fUlIe[l OUT Other ethical Tespon51bilities In accordance bfrith these requirements. We belEve Ihat the audit deTr we have obtained is Sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the finan¢Tal statements. have conduded that Ihe trustees. use of the y)ing COnM basis of accounting in the preparation of the finanLyal statetnents is approptiate. Based on the work we have perfe0. we have Th)t myfied any material un¢ertainties lating to events or conditH)ns that. individually or collectivety. tnay cast signtficanl (k)ubt on the charivs ability to continue 35 a gThng conTrrn for a penod of at lez5t twelve rnonlhs from when the financial statements zre zuthorised for issue. Our responsibilrtie5 and Ihe re5ponsibilthes of Ihe trustees wth respect to wng concem are described in the r81evant sections of this report. Page 7
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF STEWARDS OF THE INCORPORATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARITY) ICONTINUEDI other information The other infomiation ¢omprise$ Ihe informalion induded in Ihe annval report other than the finan081 ststements and our audttorfs rewrt thereon. The trustee5 are re5tK)nsible for the other infortnation contained wrthin th8 annual reFX)rL Our opinion on the finanaal statements d08s not cover the other information and, 8XC8Pt to the 8Xtent olheMs8 8xKAiuUy stated in r r8KK)rL w8 do ml express any form of assuranc8 condusion thereon. Our resrM)nsibilty is to w¢ the other information and. in doing so. Consider whether the other informats.on Is maienally innsistent with fjnanoal staiements or our knOed9e obtained in the course of the audit, or otherwise appea to be materialty misstated. If we entty such tnaterial in(x>n5istene5 or apparent material misstatements, we are required to deterTnine whether this gives rise to a rnaierial misslatemenl in the finanual statements themselves. If. based on the work we have performed. we ¢on¢lude that there is a material misstatement of Ihis other infomiabon. we a reqUid to report that fa¢t. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the fh)wIng tnatters wkEre Ihe Charitie5 (Accounts and Reports) Regulations 2008 requires u5 to reportto if. in OUT OPlnK)n". the infomialion given in the trustees. rerM)ri is inconsistent in any material respect with the finanual stat8m8nts'. or sufficient accounting record5 have not been kept the finanoal slaternents are not in agreernenf wtth the accounting records and retums", or we have not e1Ved all the infom)ation arvj explanations we require forour audit. Responslbllltles of trustees As explained more fulty in Ihe trnstees. resr)nS1bllieS statemenL the tnjstees are responsible for the pparation of the financial statements whith give a true and fair view. and for suth inlemal control as the trustees determine is ne$sary to enable the prepa[ats" of finanaal statements that are free from material mi5Statement, whether due to fraud error. In preparing the finanoal statements. the trustees a [)nSib for assessing the d)anWs ability to continue as a going concern, disdon9. a5 applicable, matters rdated to g)ing conrn and u51ng the going conrn basis of accounting unles5 the trustees either intend to liquidate the charity or to cease operations, or have no realistic attemalive but to do $0. Page 8
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF STEWARDS OF THE INCORPORATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARITY) ICONTINUEDI Auditor's r85ponsibilitie5 for the audit of the financial ststements We have been appointed as audilor undw Sed1( 144 of the Chaitties Act 2011 and rep(11 in accordan wrth the Act and relevant regulation5 made or hawng effect thereunder. Our objectives are to oblain reasonatle asSUon atx)ut vthether the financial statements as a whole a free frotn rnaterial misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high kvel of assurance, but is not a guarantee that an audit conducted in a(£ord8nc8 wilh ISAS IUKI will ahays d8tect 8 malerial misstai8m8nt wh8n it 8xists. Misstat8m8nts can aris8 from fraud or error and a considered material if. individually or in the aggwate. they could aSOnablY be expected to Influen the economic decisi$ of users tsken on the basis of these financial statements. Irregularities, induding fraud, are instan$ of non-cornp1ian with laws and regulations. We design procedures In line with our wponsibilities. wllined atM)ve. to dete material misstatements in Spect of irregulanties. induding fraud. The extent to whrh i¥Jr F(edUreS are capatAe of detecting irregulanties, including fraud is detailed below.. Based on our Ljnderslanding of the Chanty. discUssnS wilh trustees who are those charged with governance. we considered that tre most signtficanl lawts and Tegulations that have a direct impact on the finana81 ststements are FRS 102, the Charities SORP IFRS 1021. the Charities Act 2011. the Newcaslje upon Tyne Town Moor Act 1988 and UK iaxation18gisJation. As part of the engagement team dis¢usgon atx)ut Ihe susceptibility of the Chantys financial statements to tnaterial misstatetnent due lo foud. we did not identyfyany areas wilh an IncreaseLI risk. Our audrt pr(edureS were designed to reswjnd to Klentified risks. incjuding non-compliance with laws and regulations and fraud. whith may have a Material Èffect on the financial statetrnts. Our audit procedures included bul We not limited lo". . 8nquiry of th8 trust8es and revi8w of any r818vant correspondence wth legal adviser5 regarding any instances of non-(x)mplianc8 With18ws and r8gulalions and any actual, susp8Ct8d or a118geiJ fraud., ' ¢ornmunicating identified laws and regulations and the risks of fraud with our engagement team and remaining alert lo any indications of non<0mplian or fraud- ' gaining an understsnding of the intemal contro15 established to miligate ri5k5 related to fraud.. . exarnining supporting documents for all material balances, transactions and disdosures., . review ofthe minutes of the Stewards Cornmittee,. ' vIeW of accountin9 estim8tÈs for truslee override and bias". ' analytical procedures to idenbfy any unusual tranSaCts"c . identifwng and testing joumal entrie5. (Ming to the inherent limilations of an aud j Ihere is an unavohl8trAe risk that some mater1 misstai8m8nts of the finanaal statements may t be deleded. even t)Ugh the audil is properfy planned and performed in accordan with the ISAS IUKI. The FK)tential effects of inherent limitabons are parbrAJlarly svJnffiGgnt in the case of misstaternent resulting from fraud because fraud may involve rnllusion. forgery. intenb.onal (missions. misrepresentations or the override of intemal controls. The primary responsibility the preven'on and deteL*on of irregularities induding fraud resis with those ch8rg8d with gov8mance. A fvrther de5cripb.on of our reswjnsibililies for ts audtt of financial 5taternents 15 Iwated on the Finanaal R8POrting Coun(xl's website at.. wwM.frc.o .uklauditorsres ThbIl&s. This d8s(xption fomis part of our audilols report. Page 9
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF STEWARDS OF THE INCORPORATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARITY) ICONTINUEDI U58 of our report This report is made $dely to the thariws Iruslees. as a tw)ty. in a¢oydan¢e Part 4 01 the Charities (Account5 and Reportsl Regulation5 2008. Our audrt work ha5 b undertaken so that we might State to the chartws trustees those matt8rs w8 are required to state to them in an 3uditoes r8POrt and for no other purpose. To the fu118St extent pemitted by law. we do not auxpl or assum8 r8sponsibility to anyone oth8r than th8 chanty and rts trustees. as a bocly. forour audit work. for this pOrt. or for the wnions we have formed. Amistrong Watson Audlt Llm Statutory Auditors One Strawberry Lane Newcastle upon Tyne NE1 4BX Armstrong Watson Audrt Limrted are eligie to aca as audrtors in tems of sedion 1212 01 the Companies Act Pag810
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 29 SEPTEMBER 2025 Unrestricted funds 2025 Restricted fund5 2025 Total funds 2025 Total funds 2024 Income from: Grants and don8tlOn5 Charitsble actwities Other trading actimties Investments Other income 240 240 24.421 485.900 17,948 192.326 140,621 762.398 $0.691 185,765 274.522 34.914 797,812 50.691 186,309 274.$22 Total Inme 1.273.876 35.698 1,309,574 861.216 Expenditure on: Charitable actMtie5 998,002 32,150 1,030,152 781.441 Total expenditure 998,002 32,150 1.030.152 781.441 Net Income 27S.874 1137,901} 279.422 1212,4511 73,775 420.025 Net110ssesygain5 on investsnents 174,5501 Net rnovement in funds 137.973 171.11021 66.971 493,800 Reconclllatlon of funds.. Total funds brought forward Nel movemenl in funds 3,875,319 137.973 1,735,662 171.0021 5,610,981 66.971 5,111.781 493.800 Total lunds lI0ed lon¥ard 4,013,292 1,664,660 5,677,952 5.610.981 The Statement of finanoal activits.es indudes all gains and losses recognised in the year. All income and expenditure deiives from rx)ntinUIr activthes. The notes on pages 14 to 29 fomi part of ffinan¢ial stslemen Pag811
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi BALANCE SHEET AS AT 29 SEPTEMBER 2025 2025 2024 Flxed assets Tangible assets Inalienable and h8rit8g8 8&88ts InvesttnelltS 12 60.363 52.092 13 14 4,301,450 4,513.900 4,361.813 4.565.992 Current assets Bidogical assets and stock Debtors Cash at bank and in hand 16 28.278 708,237 2.S95.070 41.808 17 46.041 2,687,753 1331.585 2,775.602 Current liabi15tles Creditors." amounts falling due wrthin year 18 12,015.4461 (1,73Q,613J Net Current a$$ets 1,316,139 1,044,969 Total net assets 5.677.952 5.610.981 Charity frjnds Restricted funds.. Capital reserve Linked charity 19 19 1.570.119 94.541 1.644.669 90,993 Total restricted fund5 unstrICted funds 19 1.664,660 4.013,292 1,735.662 3.8T5.379 19 Tot funds 5.677.952 5,610,981 The financial statements were approved and authorised for issue by Ihe lstee$ and suned on their behalf by.. H D Wilson Chairtnan Date.. The notes on pages 14 to 29 fomi part ol these financial stsiemen Pag812
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 29 SEPTEMBER 2025 2025 2024 Cash flows from operating aciiviti85 Net cash used in operating actiwhes 1248,495} 230,126 Cash flows from investing activities Dldends, int8rest5 and rents from inveslm8nts Purchase of plant and equipment 186,309 130,4971 192,326 113. 129) Nel ¢ash pmvlded by Investln9 a¢tlvltles 155,812 179.197 Chan9e In cash and Cash equlvalents In the year Cash and cash equivalents at Ihe teginning of the sear 192,683} 2.687.753 409.323 2.278.430 Cash and cash equivalents at the end of the year 2.59S,070 2,687,753 The note5 on pages 14 to 29 forrn part of these ffinanual stateTnents Pag813
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 General inf0mtIOn The Stewards ol the In¢orrMyated Companies of the FeMen of Newcasue upon Tyne (The Town Moor Charity) Is a registered charity. TrurniEr 227620. The Charrty is unincorporated and its registeretj offits is M(x)r Bank L(KJge. Claremont Road. N8WG4sUe Tyne. NE2 4NL. Accounting policies 2.1 Ba$1$ of pparation of finan¢lal $latÈmenls The finznoal staternents have been prepared in accordan with the Charities SORP IFRS 1021- Accounting and Reporbng by Chaiiti8s'. Stai8rn8nt of R8comrnended Practice applicable to charities preparing their accounts in accordance wth the Finanaal Re[)rn9 Stand8rd applicable in the UK and Republic of Iland IFRS 1021 leffecbve 1 January 20191. the Financial Ren9 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Stewards of the Incorporated Companies of the Freemen of NewGgslle upon Tyne IThe Town Moor Chartyl meets the definil*)n of a benefi¢ ents.ty under FRS 102. Assets and liabilities are inthlly recogni5ed at historical cost or transacti value unless othetwse stated in the relevant accounting tM)Iicy. The financial statements a ppared in stetling which is the functional currency of the Charity. 2.2 Going concern The Charity has rewewed its cash lknw forec2sts and there is a reasonable expectation that it has adequate resour lo continue in operatnal existence for al least the next twelve months and on thi5 ba515 the Chanty ¢rustee5 considerto be a goiThJ cOnM. 2.3 Income l inwme is recognised On the Charity has entitlement to the income. It is probable that the incotne wll be received and the atnount of incoTTE rl¥able can be rneasured reliably. The following specafic pcAicies are applied to particular r2tegories of Inme.. Gtrts in kind are included at valuation Whe wnaletial. Investrnenl incotne 15 recognised on a reiVate basis. To the exient that it relates to future p8ri(yJs, r8ntal in(x)me is deferred and indud8d within <edItorS in the balance sheet. 2.4 Expenditure Expenditure is rniSed On there is 8 legal or constnjctive otAuation to tr8nsf8r 8conomic benefit to a third party. it is probab tha¢ a transfer of e¢onomi¢ benefits will be required in setuemeni and the amount of U)e obligaDon can be rneasu reliably. AJI expendiiure is accounted for on an accrua15 basis, indusNe of irrecoverable VAT. Pag8 14
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Accountlng pollcles l¢onllnuedl 2.4 Expenditure Icontinuedl Charilabk expenditu comprises all costs of a¢twi"eS in lurther0n ol the objects of the Charity. Governance costs cornpris8 all (x)sts invthng Ih8 public arAyJuntability of the Charity and its compliance with wulation and Pfdctic8. Support wsts are allated on the basis ofstaff b.me spent on each activity and are shown in note 7 to the financ1 staternents. 2.S Tanglble fixed assets and depreciation Tangible fixed assets costing r than £1.IJOO Iplanl and equipment) and £100 loffice equipment and fixtures and fittings) are capitalised and recognised when fubjre economic benefits are probable and th8 (X)st or value of th8 8&set can be measured reliably. Tangible fixed assets are initially nised at cost. After recOgn"on. under the cost model. tangible fixed assets are tnea5uretJ al cost less accuTnulated depreciation and any accutnulated itnpgirrnent losses. Al c051s incuThed to bring 8 tangible fixed asset into its inlended working ¢onditson should be induded in Ihe measurement of ry)sL Depretsalion Is charged so as lo all#te the Cosl of taThJiiAe fixed assets less their residual value over their e5titnated usefvl lives. as slWn beknw. D8preraabon is provided on th? fdlowing ba&s: ant and machinery Motor vehicles Fixtures and rIngS offi equipment 2 straight line 20% straight line 15% reduring balani 33% straight line 2.6 Inalienable and heritage assets 8 eXplaid in note 13, inalienatrA& and heritage assets hav8 not 8n Ggpitalised or depreciated. 2.7 Investments Inv8stsllents 8r8 a forrn of basic finan(xal instrum8nt and 8r8 InallY re(x)gni58d at cost and subsequendy measured at their fair value as at the balance sheet date using the bid price. Gains or losses arising on revaluab.on or disposal are rewnised in tre statement of financaal activities in the tunds in which the inve5ttnents ale hekl. 2.8 Biological assets and stocks Bidogical assets ts)nsisb"ng of livest(tk a valued at cosl less any accumulated impairment losses. Other stocks are ¥rdlu8d at lh8 Iow8r of c051 and net r8alisab18 valu8 after making du8 allowanc8 for obso1818 and slow-rmwng sto(*s. Cost in(kn18s all direct costs an appn)priate proportion of fixed and variable overheads. 2.9 Cash at bank and in hand Cash at bank inrjudes current and deposit instant acSS accounts, and a noti(x accounL Pag815
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARITYI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Accountlng pollcles l¢onllnuedl 2.10 Creditors and provisions c1101$ and provisions a rwnised where the Charty has a psent obligation resulting from a 5t event that will probably re5utt in the transfer of funds to a third party and the arnount due to S8tde the obligation can b8 m8asured or 8stimated r81iably. Creditors and provisions ar8 nortnally recognis8d at their seidem8nl amounL ab11"e$ a rewgnised at the amount Ihat the Chanty anticipates rt wall payto settle the debt or the amount it has recewed a5 adValed payment5 fortr gmJS or serwS tt tnust prowde. Provisions are measured at the best estimate of the anUnts required to setue the obligation. Where the effect of the time value of mmey is material. the prowsion is based on the present value of those amounts, discounted at the prfrlax lSUnt rale that reflect5 the ri5k5 specific to the liability. The unwinding of the discount is recogni5ed in the staternent of finanaal activities as a finance cosL 2.11 Flnanclal Instruments The Charty only has nanCIal assets and finanoal Irabilrties of a kind that qualfy a5 ba51c finanaal instrurnenls. Basic financial instrufflents are initially reeognised at transaction value and sUbSequenY measured at their setllement vaue. 2.12 Pensions The Charity makes tributionS to a NEST scheme for all quality'ng employees. Employees 8r8 auiomaliG8lly enrolled on the nSIOn scheme unless the Charity Is notff18d by the employee that they wsh lo opt OUL The cost of these o)ntribut*)ns charge¢ to the Statement of Finanual Activities when payable. Pag816
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Accountlng pollcles l¢ontlnuedl 2.13 Fund accounting unstriCted fund$ Income and expenditure The incom8 and exp8nditur8 fund is u&lited with incom& arising frorn th8 Charitys activit188 and is charged with the costs InvcAved in Ihe rna1ntenan of the Town MTh)r and the Charivs governance costs. Designated funds General Serve The general reseTve repSents funds that a invested lo provide income to meet the costs of the Chanty. Town Moor Fund The Town Mwr Fund presents funds received to be used to finan the Chariys proportion of agreed irnprovetnents to be undertaken wrth Ihe Crty of Newcasde uwn Tyne and the Freetnen. Restri¢ted funds Capital reserve The capital reserve represents funds rVed uw¥Jer the Newcasle upon Tyne Town MoK)rAct 1988 which are to b8 used to fina8 irnprovements to the Try Moor. Town Moor Money Charfjty (linked chantyl The Town MLK)r Money Charity was eStalsed in accO[dan wth The Charit*s (Town Moor Money Charity. Newca5Ue upon Tyne) Order 1970 and permis510n has been granted by the Charitses CommissKJn to tre8t it as 8 knnked charrtyfor registration and acu)unting purposes. Income from charitabk activitses Unrestrlcted RestrScled lunds funds 2025 2025 Total funds 2025 Tot81 funds 2024 Perpetual rents Lettings Rents and w8Oeav8S Rents- linked charity intskes Town Moor Herd.. Saks of liVestrk Agricultural grants 129 87.161 6(P3,333 129 87.161 609.333 34,914 61.323 4,952 129 66. 195 337,231 35.541 50.383 2,415 34.914 61.323 4.952 762,898 34,914 797.812 485,900 Total 2Q24 450,353 35,547 485,900 Pag817
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Income from othertrading activities In¢ome from non ¢harltable tradlng actlvltles Unrestricted funds 2025 Total funds 2025 Tot81 unds 2024 Adrninlstration fees Miscellaneous 35.635 15,056 35,635 15.056 5,852 12,096 ).691 SO.691 17.948 Investment income Unrestrlcted Restricted funds funds 2025 2025 Total funds 2025 Total fvnds 2024 Dwidends Bank Inte$t Bank interest- linked chaiity 125.798 59.967 125,798 59,9fj7 123.626 67.915 785 185,765 186,309 192,326 Total 2Q24 191.541 785 192.326 Other income Unrestricted funds 2025 Total funds 2025 Tot81 unds 2024 ContribuUon tobYaRls Town MO Fund ptojects Contribution lowards gaI and professional fe8S 247.669 26.853 247,669 26,853 129.431 11,190 274.522 274.S22 140.621 Pag818
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Anatysis of expenditure by activities Support costs Total funds 2025 Total fvnds 2024 2025 2025 Charitable acbmties 966,4(K 63,752 1.030.152 787,441 Tot812024 T3tP.614 56,821 781,447 Analysis of direct costs Total nds 2025 Tot81 funds 2024 al Chanty Staff costs Depwiation Town Moor maintenan(% and r8inst8t8m8nt 124,261 22.226 531,865 60,918 1,098 11,792 19.039 36,199 58,778 3,630 3,IKIO 46.918 14.526 133.655 16.706 347,673 51.554 1,099 8,206 2.951 42,563 42.384 2,994 Livestock costs Freemen events Raceweek FestNal costs Property paIrS and refurbishmen¢ Interest due to Cty of Newca5Ie Legal 8nd professional fees Audit and accountancy fees Contribution to Incorporated Company expen5e5 General Offi ¢osts Allocated support costs- staff (x)sts bl Linked Ghanty Grznls to individuals General offi¢e o)$ts 40.482 11,850 32,150 25.375 182 966,400 730.614 Pag819
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Anatysis of expenditure by activities (continued) Anatysls of support costs Total funds 2025 Tot81 funds 2024 Expense allowances and Tasure$ honorarium Audit and accountancy fees Guild event and expeTr5es General office costs Allocated 5UPPOrt costs- staff 10,548 9.286 8,623 10,413 9,576 45 30,727 35.295 63.7S2 56,827 Support cost5 cornprise all costs relating to the wvemance ofthe charity. Llnked charSty- grants to Indl¥ldual$ 2025 2024 No. Decernber June Special grant5 Relumed grants 15,850 16,300 12. 150 13.300 11351 32,150 25.315 A110$ remunerallon 2025 2024 Fees payable to the Charitys auditorfor the audit of the Chariws annual a¢counts 9,288 6.006 Fees payable to the Charitys auditor in rested of.. Accountancy and other seNces 4,311 3,763 Total 13,597 9,769 Pag8 20
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 10. Staff costs 2025 2024 Wages and salaries Social security costs CA)ntribution to defined wntribubon pens#M sthemes 158,501 8,637 3,750 156, 105 17,521 3.636 170,888 171,262 The average nutnberof persons emplOj by the Charty during the yearwas as follow5: 2025 2024 Town Moor [naIntenan awyj reinstatetnent Administrative stsff No etnployee reTrNed remuneration amounting to tnore than £60,0 in either sEar. 11. Trnstees. remuneratlon and expenses The HonoraryTreasurer rej £4.58512024: £4.4731 for duties from the Charity. The trustees receive allowances to rA)ver expenses Inrred in perfomiance of their dutie5. All trustees ceived suth alloWanS during the ar_ This is specifi(2lly allowed in accordance with the Rules and Orders of the Stewards of the Incorwrate(I Companies of Freemen of New¢asUe ur()n Tyne. The total afflount paKI was £5,963 to 13 tnJst88s12024.. £6,0(KJ io 12 truste8sI. The Charity o)nsiders its key management personnel (x)mprise the twstees. Other than the above. the Irustees recewed no rernuneralion frorn the Charity12024 .. Nonel. Pag8 21
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 12. Tangible fixed assets Plant and ma¢hinery Motor Flxtures and vehicles rffting$ Office eouipment Total Cost or Valuation AI 30 September 2024 Additions 186,339 27.924 {1.7621 20,773 1.110 238,628 30.497 11.7621 2.573 DisFK)sals At 29 September 2025 212,501 20,773 1,110 32,979 267,363 Depreciation At 30 Septemb8r 2024 Charge for the year On disposals 149.094 16,216 11.7621 27.178 1,821 186.536 22,226 11.7621 4,155 At 29 S8Ptemb8r 2025 163.$48 13.538 915 28.999 207.000 Net book value At 29 September 2025 48.953 7.235 195 3.980 60.383 At 29 S8Pt8mb8r 2024 37,245 11,390 229 3,228 52,092 Pag8 22
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 13. Inalienable and heritage assets Under the temis of the Newcasue utx)n Twe Town Moor Ad 1988. the Charity is entrtled lo haff of the rental. other incorne an¢J capttal pts arising frotn the Town MoDr. to be applied for the rnaintenan and irnprov8rn8nt of the Ti)wn M(K)r. and in defraying th8 gen8ral expens8s of the Stewards Committee. Income from grants of intske leases are whdty receivable by the Charity. The Charity is also entiued under the A¢t lo haw of any Capital monies arising. to be used to finance improvements to the Town Moor or to be Inves unb"I requir1. Under the ternis of the New(35Ue uwn Tyne Town M(x)r Act 1988 the linked charity is entitled to rents from the intakes which have been designated by Ihe Stewards of the Incorporated Companies of the Freemen of Newcastle Up Tyne (The Town Charity). The trust88s have not attributed a value in th8 financial statements to the aLve right5 a5 signtficant costs would b8 invdved whith would not proMd8 any useful benefit to th8 US8rs of th8 finan81 st8tem8nts. The Charity also owns a Chaimian's Chain of Office and a Vice Chaimian's Medalli. These are irreplaceable onginals to whith no reliable c05t or value can be attribute(l. A ring cotnrnernorating a victory aCknoedgIng the rights of the Freetnen. Ihus securing the future of the Town Moor at the instigation of the NewG3sUe upon Te Town Mwr Act 1774. was acquired in 2003 at a Cost of £3,411 and was wntten off during that ar. In 2013. the Newca5de upon Te Lord Mayorfs coach Wd5 purchased trotn Mewca5Ue City Council jointty by the Ch8rty and Sh8ph8rd Offshore for a (x)st of £25,000 each and was treated as an expense during that year. The objectives of purchase were to retain Ihis historic artefact within the City. 14. Fixed a558t investments Unrestricted funds Restricted funds Total C05t or valuation AI 30 September 2024 Revaluations 1899.158 {137.9001 1.614.742 1745501 4,513.900 1212,4501 At 29 September 2025 2,761,258 1,540,192 4,301,450 Net book value At 29 Septernr 2025 1761,258 1,540,192 4,301,450 At 29 September 2024 2,899.158 1,614,742 4.513,900 All investments are carried at their fair value. Investrnent in fixed interest and investment fund securities are all traded in quoted public markets. The basis tsf fairvalue for quoted investments is equivalent to the rnarket value using the bKI wi. Pag8 23
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 1& Biological assets 2025 Re¢on¢lllatlon of TryIng amount At 30 September 2024 Purchases of livestock Sale5 of livestod( 16,298 69.250 159.5831 At 29 September 2025 25,965 1& Stocks 2025 Freemen merchandise 2.313 2.313 17. Debtors 2025 2024 Due wlthln one year Rental and letting incorne Rental anij letting in¢tsme- linked tharity Other debtors and prepayments 650,649 550 57,038 5,790 7. 138 39,113 708,237 46,041 Credliors: Amounts fallin9 due wlthin one year 2025 2024 Creditors and ar¥wals Deferred in(x)me Deferre(I Inwme- linked charrty 1.922,978 90,592 1,876 7,666.759 61,978 1.876 2.015,446 7.730.673 Deferred income preSen1$ renlal payTnents reI¥¢d in than for futu periods. These amounts a cognised as a liabilty until the rentsl irttsme is eamed over the lease temi. Pag8 24
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Statement of funds Statement of funds- cuyrent year Balance at Balance at 29 Galnsl September (Losses) 2025 September 2024 Income Expendi Unrestricted Yunds Designated fund5 Town Moor Fund General reserve 1,484,762 1.74U57 TTS,281 {569,6301 1,690,413 1.606.556 1137,9011 3,229.219 77S,281 1569,6301 1137,9011 3,296,969 General funds Incorne and expewKJtture 646.100 498.595 1428,3721 716.323 Total unstrICted lunds 3.875.319 1.273.876 1998.0021 1137.9011 4,013.292 Restricted funds Capital reserve 1.644,669 174.5501 1.570,119 Linke(I charity 90.993 35.698 132.1501 94,541 Total Restricted fund5 1.73S.662 35.698 132.1501 174,5501 1.664.660 Total of funds 5.610.981 1.309.574 11.030.152) 1212.4511 5,677.952 Pag8 25
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Statement of funds {continuedl Deslgnated General re58rve The general reserve represenls funds thal are invested lo prov*le income to meet the cosis of the Chanty. Town Moor Fund The Town Moor Fund represents funds re1 to be used to finance the Chariws proportion of agreed improvernents to be undertan wth the City of Newcaslle upon Tyne and the Freemen. RestTiCted Capital Reserve Under the terms of the Tovm Moor Act capital surns received are to be used to finance improvements to the Town MCMY or invested until wuld for Ihat purpose. Linked charity The funds of th8 linked charity are sep8rately identified as restricted funds. At 29 Sepi8mber 2025, th8 ¢harity had net assets of r94.541 129 September 2024 t).5931. Pag8 26
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 29 SEPTEMBER 2025 Statement of funds {continuedl Statement of funds- prlor year Balanc8 at Ba18nc8 8t 29 Gains/ September {LossesJ 2024 30 Septembe 2023 Inu>me Expenditu Unrestricted Yunds Designated fund5 Town Moor Fund General reserve 1.427.094 7.472.518 353.762 (296.0941 7,484.762 7.744.457 271.939 2.899.612 353.762 (296.0941 271.939 3.229.219 General funds Incorne and expewKJtture 641.278 470,672 [465.8)) 646,100 Total unstrICted lunds 3.540.890 824.434 1761.9441 271.939 3.875.319 Restricted lunds Capitsl resetve 1.496.583 148.086 7.644.669 Linked charity 79.708 36,782 (25,497) 90,993 Total Restricted Yund5 1.516.291 36.782 (25.49n 148.086 7,735.662 Totsl offvnds 5,117,181 861,216 (787,441) 420,025 5,610,981 Pag8 27
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 20. Anatysis of net assets betrween lund5 Anatysls of net se1$ between fund$-¢urrent year Unrestricted funds 2Q25 Capital reserve 2025 Linked charity 2025 Total funds 2025 Tangible fixed assets Fixed asset inveslments Current assets 60,363 2.761.258 3,205,241 12.013.570) 60,363 4,301,450 96,417 3.331,585 11,8761 12,015,446) 1.540.1W2 29,927 Cieditors due within one year Total 4,013,292 1,570,119 94,541 5.677.952 Anatysls of net assets belween lund$- prloryear Unrtstrided fvnds 2024 Capital reserve nked charity 2024 Total fur5 2024 2024 Tangib fixed assets Fixed asset inveslments Current assets Creditors due wilhin c¥)e year 52.092 2.899.158 2.652,806 (1.728.7371 52,092 4.513.900 92,869 2, 775,602 (1.816) (7,T30.613} 1.614.742 29,927 Total 3.875,319 7.644,669 90,993 5,610,987 21. Reconciliation of net movernent in funds to net cash Ilow from operating activities 2025 2024 Net income for the year las per StateTTnt of Finanoal Adtvtbesl 66,971 493.800 Adjustments for. Depreciation charges Losses I Igainsl on investments Dpiidends and interest frorn investtnent5 Decrease I lincreasel in bidtsjical assets Ilivestodt and Oth st(xl Ilncr8as81 I d8(xe8se in d8btors In¢aSe in cre(Jitors 22,226 212,451 1186,3091 13,530 1662,1961 284,832 16.706 420.0251 1192,3261 (24.2961 279,008 71.261 Net cash luse(l in} I pmvitled by operatin9 OCtivltlÈs 1248,49SI 230. 126 Pag8 28
STEWARDS OF THE INCORPOIiATED COMPANIES OF THE FREEMEN OF NEWCASTLE UPON TYNE (THE TOWN MOOR CHARrrYi NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 22. AnatyBI8 of cash and cash equlvalents 2025 2024 Cash in bank 2.529,021 66,049 2,616.459 T7.294 Cash at bank- linked charity Totsl cash and cash equlvalents 2.595.070 2.687.753 23. knatysis ol thanges In net debt At30 September 2024 Cash flows At29 September 2025 Cash at bank and in hand 1687.753 192,6831 2.595,070 2,687.753 192.6831 2,595,070 2& Pension cornmilments The Charity operdtes a defird rA)ntribution pension scheme. The assets of th8 scheme are h8k separately frcm those of the Charity in an independentty administered fund. The pension cost charge presents conlnbuts.ons payable by Ihe Charity the fund and am(xJnted to £3.750 12024 £3.6361 during Ihe year. At the balance Sheet date £773 12024 £TT61 were outstanding and are included in creditors. 25. Related party transactions Company Stewards attending relevanl meetings recive an exnse allowance of £3012024.. £201. This is specif1¢811y allowed in accordan with the Rules and Orders of the Stewards of the In¢orrM)rated Cornpanies of Freernen of Newcastle upon T. The total atnount paid was £3.88012024: £3,060). There were no other related party transactions requiring disclosure. 26. P05t balance sheet events In December 2025. the charity engaged ith a drainage ttjntractor to replac and enhance the drainage to the north of the main Town M(KJr. This work wll futu prwl the site for usage going forwards. The total value of the anliupated wowks is approximatdy £1.2 million. wlh the works wmmencing In March 2026 and expected to be concluded before the end of the 2026 finanual year. The cost of this wll be financed through the Town Mr Fund. Follomng complebon of the works. the land will requir8 8 period of setUÈment norHnvasive Èvents take place_ Pag8 29