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 DET￿Ls OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
Trustees
H Amer
P Andetson (resigned 31 De￿mber2025l
C G Atkinson
N B At￿nson
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 COmM￿EE OF STEWNRDS
FOR THE YEAR ENDED 29 SEPTEMBER 2025
The Stewards Committee are pleased lo p￿sent their ￿pOrt. I￿ether 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¢￿U￿11￿¥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
a￿l¢￿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. R￿l$tratIOn Number 227620.
The Stewsrds Committee of the FreeTnen of Newcaslle uwn Tyne tnanage5 the affairs of the Freemen of
Newcastle upon T￿e in accordance with the goveming docutnent5,' the Newcasue upon Tyne Town Moor Act
1988 and th8 Rules and Orders of lh8 Si8wards of the In(xJrpora18d Companies of th8 Fre8men of th8 City of
Newcastle upon Tyne.
b. Recruitment and appointment of Stewards Commillee
The Stewards Cotnrnittee 15 the boyjy of tIU5tee5 appointed by annual electi￿ each Michaelmas Guild. Any
St8ward of a Cornpany of Fr8em8n is eligitAe to stand for 818ction. There 8r8 28 active Cotnpanies of Fre8men
with 82 Company Stewards, who represent 1.917 Freemen.
At tre Michaelrnas Guild. the Stewards Cotnmittee consisting of not less than 9 and not rnore than 12 Stewards
shall be elected under the authority of SectK>n 6 of the Newcaslle uw)n Tyne Town Moor Act 1988. Each
Steward elected to the Stewards Committee shall remain a member of the Committee until the next Michaelmas
Guild or until eadier resignation. even shouhl he cease to be a Steward in the interim period. Should a member
of the Stewards Committeè die or resHJn frtsm the Commillee then the Committee has the power to ¢o-OPt any
Steward to fill any casual vaeancy until the Mi￿￿elMa$ 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 b￿ng 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 Opera￿onal and strategic S￿nIfICan¢* 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 de￿gnated 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 u￿n
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 aCc￿ntir￿j 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 New￿5￿8 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 Coun￿1 other rare providing organisations. The Trust, as
an Ajms House charity. provides an alIc￿￿ted 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$. The Stewards Committee have also examined
other operatsonal and business nsks whi¢h they face and confirm that Ihey have established systems to mitigate
the 51gnifi￿nt nsks.
Objectlves and actIvi￿e$
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 c￿n￿15s1O￿ ￿ 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 Obl￿atiOn 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 fa￿lity i)n th8 Town Moor to hokj rainwat8r
during periods of exceptional rainfall.
As part of our strategy In ￿SpeCt of dimate change mrt￿at￿ 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 DeS￿n Award.
Enabling public ènjoyrenl of the m(x)rs through Ihe farxlilatiw of event spaces for fairground, rircus,
music. mnning. Community events and ￿lig￿U$ gatherin9S.
Improved reporting to, and communication with. Company Stewa￿$ and the wider population tsf F￿ernen
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 Suffi￿nt 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 8qUiVa￿￿t to inflabon arKJ an Incorne return Su[fic￿￿t 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 re￿IVed 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.-
. Fen￿4lne. cattle pens. water troughs and attess gateways replar*ment and rnaintenanrx.
IT support and IT functionality enhan￿mentS.
. 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 F￿ernen
responsibiltlies in relation to the Town Mwr5.
Statwnent of trustees, re$ponslbllltlÈs
The trustees are responsible for preparing the Re￿rt ol the Committee of Stewards and th8 finanaal
statements in ac£ordanee wilh applicaNe Lqw and Unitsd lQ"ngdon A¢￿￿nting Slandards Iunited Kingdom
Generally Accepted Accounting Pra¢ti¢el.
The law applicatA8 to chariti8s in Eryland & Wal8s requir8s th8 tnJsts8S to pr8pare finanual st8t8ment5 for
each fin8ncial ye8r which give a true and fair view of the state of affairs of the Charity and of its incoming
resources and application of ￿$oUr￿. induding its income and expenditure. for that peri￿. In p￿Paring these
financial statements. the trustees a￿ requiod to-.
. selecl suitable ac(x)unting tmJli￿eS 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 eX￿ained in Ihe financial staternents.,
prep8re the fInar￿la1 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 S￿ned 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 statetr*nts of Stewards of the Inc*Jrporated Companies of the Freemen of
Newcastle upon Tyne (The Town M￿r 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 Signifi￿nt accounting poliues. The finanoal reportiry frarnework that has been
appli8d in th8ir preparation is appliGqble law and United Kingdom A￿oUnting Standards, induding Finan￿81
Repo+ting Stan¢Yard 102 Tre Financial Reporbng Stsndard ap[AUb￿ in the UK and Repul￿1¢ of I￿land, (United
Kingdom Generally Accepted Ac¢wnting Practi￿1.
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
resour￿5 snd application of resour￿5 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 fU￿lIe[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 COn￿M basis of
accounting in the preparation of the finanLyal statetnents is approptiate.
Based on the work we have perf￿e0. we have Th)t my￿￿fied 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 in￿nsistent with fjnanoal staiements or our knO￿ed9e obtained in the course
of the audit, or otherwise appea￿ to be materialty misstated. If we ￿entty such tnaterial in(x>n5isten￿e5 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￿ reqUi￿d 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 f￿h)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￿)nS1blli￿eS statemenL the tnjstees are responsible for the
p￿paration 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, disdo￿n9. a5 applicable, matters rdated to g)ing con￿rn and u51ng the going con￿rn
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 ah*ays 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. discUss￿nS 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 statetr*nts. 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 mater￿1 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
Th￿bIl￿&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 eligi￿e 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 In￿me
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
un￿strICted 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
D￿ldends, 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 inf0m￿tIOn
The Stewards ol the In¢orrMyated Companies of the F￿eMen 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 p￿paration 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 I￿land IFRS 1021 leffecbve 1 January 20191. the Financial Re￿￿n9 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￿ p￿pared 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 operat￿nal existence for al least the next twelve months and on
thi5 ba515 the Chanty ¢rustee5 considerto be a goiThJ cOn￿M.
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 r￿l¥able can be rneasured reliably.
The following specafic pcAicies are applied to particular r2tegories of In￿me..
Gtrts in kind are included at valuation Whe￿ wnaletial.
Investrnenl incotne 15 recognised on a re￿iVat￿e 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 r￿niSed 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 all￿ated on the basis ofstaff b.me spent on each activity and are shown in note 7
to the financ￿1 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 sl￿Wn beknw.
D8preraabon is provided on th? fdlowing ba&s:
ant and machinery
Motor vehicles
Fixtures and r￿IngS
offi￿ equipment
2￿ straight line
20% straight line
15% reduring balani
33% straight line
2.6 Inalienable and heritage assets
8 eXplai￿d 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 In￿allY 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 ac￿SS 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
c￿￿1101$ and provisions a￿ rwnised where the Charty has a p￿sent 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 adVal￿ed payment5 fortr￿ g￿mJS or serw￿S tt tnust prowde.
Provisions are measured at the best estimate of the an￿Unts 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 ￿lS￿Unt 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
sUbSequen￿Y 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
un￿striCted 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 rep￿Sents 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 r￿Ved uw¥Jer the Newcasle upon Tyne Town MoK)rAct 1988
which are to b8 used to fina￿8 irnprovements to the Try￿ Moor.
Town Moor Money Charfjty (linked chantyl
The Town MLK)r Money Charity was eSta￿ls￿ed 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 liVestr￿k
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 T￿asure￿$ 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
A￿￿110￿$ 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 emplO￿j 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 re￿￿j £4.58512024: £4.4731 for duties from the Charity.
The trustees receive allowances to rA)ver expenses In￿rred in perfomiance of their dutie5. All trustees
ceived suth alloWan￿S 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 requir￿1.
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 aL￿ve right5 a5 signtficant costs
would b8 invdved whith would not proMd8 any useful benefit to th8 US8rs of th8 finan￿81 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 aCkno￿edgIng the rights of the Freetnen. Ihus securing the future of the Town Moor at the
instigation of the NewG3sUe upon T￿e 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 T￿e 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 Septern￿r 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 re￿I¥¢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 un￿strICted 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 re￿￿1 to be used to finance the Chariws proportion of agreed
improvernents to be underta￿n 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 wul￿d 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 un￿strICted 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
fur￿5
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 StateTT*nt 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(x*l
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 defir￿d 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 rec*ive an ex￿nse 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 M￿r Fund. Follomng complebon of the works. the land will requir8 8 period of
setUÈment norHnvasive Èvents take place_
Pag8 29