Northbrook Community Trust Registered charity number 228740 Trustees, Report and Financial Statements Year Ended 31 March 2025
Northbrook Community Trust Contents Page Trustees, Report Independent Examiner's Report 10 Statement of Financial Activities 11 Balan Sheet 12 Notes and Accounting Policies 13
Northbrook Community Trust Trustees, Report Year ended 31 March 2025 Report of the Trustees for the year ended 31 March 2025 The Trustees are pleased to present their Annual Report and Financial Statements of the Trust for the year ending 31. March 2025. The Financial statements have been prepared in accordance wilh the accounting policies set out in nole 1 lo the financial statements and comply with the Charity's Trust Deed, the Charities Act 2011 and the Accounting and Reporting by the Charities.. Slalemenl of Recommended Practice applicable to charities preparing iheir accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. Objectives and activities for the public benefit During the year, the Trust continued to distribute its income for the benefit of young. disadvanlaged people in Devon, in accordance with the Chariiy Commission Scheme dated 1st September 1995. The Trustees confirm thal they have considered the guidance contained in the Charity Commission's general guidance on public benefit when reviewing ihe Trust's aims and objectives and in planning future activities and setting the grant making policy for the year. Achievements and performance: how our grants delivered public benefit 2024-2025 Grant Reclplents Okehampton Communiiy Dance Projecl. 11 participants with needs that range from SEND, physical disabilities, neuro-divergent needs, social needs and permanent illness. Awarded £4,389 towards their affordable and inclusive dance sessions. 70-80 children from 3-18 years will benefit. Home-start Teignbridge- awarded £5,000 towards restarting the weekly stay and play sessions. 20 children from 0-4 and 8 young parents under 25 will benefit. Devon Healing Horsemanship - Willand. Awarded £6,650 towards helping Restart participants working with horses. 11 children from 8-24 years will benefit. Tor Bridge Primary School - Plymouth. Awarded a contribution of £3,000 towards creating a welcoming library environment for their pupils. 180+ young people from 5-12 years will benefit. Wild Hearts servIs CIC - Exeler. Awarded £7,398 towards running Forest School holiday clubs. 11 distinct Kinship Care children from 7-16 years will benefit.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 First Lighl South West - final grant payment of £15,000 over three years. Sl Mary Church C of E Primary School Torquay requested £3.720 towards Year 4 pupils staying on a fami. Awarded a contribution of £1,000. 44 9-10 year old children will benefit. Okehampton Community Dance Projecl. 11 participants with needs that range from SEND, physical disabilities, neuro-divergent needs, social needs and permanent illness. Awarded £4,389 towards their affordable and inclusive dance sessions. 70-80 children from 3-18 years will benefit. Home-start Teignbridge- awarded £5,000 towards restarting the weekly stay and play sessions. 20 children from 0-4 and 8 young parents under 25 will benefit. Devon Healing Horsemanship - Willand. Awarded £6,650 towards helping Restart participants working with horses. 11 children from 8-24 years will benefil. Tor Bridge Primary School - Plymouth. Awarded a contribution of £3,000 towards creating a welcoming library environment for Iheir pupils. 180+ young people from 5-12 years will benefit. Wild Hearts servIs CIC - Exeler. Awarded £7,398 towards running Forest School holiday clubs. 11 distinct Kinship Care children from 7-16 years will benefit. First Lighl South West - final grant payment of £15,000 over three years. St Mary Church C of E Primary School Torquay requested £3,720 towards Year 4 pupils staying on a fam. Awarded a contribution of £1,000. 44 9-10 year old children will benefit. The Life Chance Trust Newton Abbot requested £10,000 towards supporting sustainable change in the lives of 16-25 years old who have faced adversity in their childhood. It was agreed to award a £5,000 wntribution. 40 young people from 16-25 will benefit. Balloons (Devon) Exeter awarded £8,660 towards funds to run Activity Day programmes for bereaved children and young people to attend along with their families. 150 children from 5-25 years will benefit. Farmwise, Devon Counly Agricultural Associalion clo Silverton awarded £1,000 towards a Farmwise Educational van visiting schools and other organisations to learn about farming. 30 % of children are in need. 400 children from 7-9 years will benefil.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Sound Communities Paignton awarded a conlribution of £10,000 towards working with 4 local primary schools to identify and target Year 516 students who are at risk of being excluded and who will benefil from working on the project RadioAhead. 21 children from 10-11 years will benefit. Barley Lane School - Exeter. Awarded a contribution of £15,000 towards a new kitchen. 65 children from 11-16 will benefit. Project Food - Axminsler. Awarded £5.000 contribution towards Projecl Food cooking courses at Axminsler Hospital. 60 children from 12-15 years will benefit. Hollow Lane Club- clo Ellen Tinkham School Exeter. Awarded a contribution of £5.000 towards a programme of delivering out of school activity clubs. 160 children and young people from 3-25 years to benefit. Stannary Brass Band - Yelverton. Awarded a contribution of £1,000 towards providing individual music lessons to 10 children aged 7-18 years. Exeter City Community Trust awarded a contribution of £6,000 towards a proposed programme providing alternative education, sports and physical activity for KS2 children in Iheir community. 36 children from 10-12 years will benefil. Mill Water School Bicton- awarded £5,000 towards the construction of a new outside classroom at this specialist school. Initially 121 pupils from 3-19 will benefit. Family Compass - Barnstaple awarded £7.500 towards supporting children and young people in North Devon experiencing mental health challenges. 4 children and young people under the age of 25 will benefit. No Limits Community Café & Hub- Newton Abbot awarded £3,120 towards supporting 4 young people aged 16-18 with additional needs, in full time education across Teignmouth, Torbay and South Hams. Youth Arts & Health Trust - Exeter awarded £6,255 towards providing arts therapy provision for children and young people experiencing mental health challenges. 30 children and young people aged 10-16 will benefit. Double Elephanl Print Workshop - Exeter awarded £4,450 towards helping Young Carers in Devon, with monthly print sessions for children from deprived areas of Exeter and a scheme for progression with both groups for an in-house youth membership and bursary scheme. 300 children from 14-18 years will benefit.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Whipion Barton Federation Primary School Exeter - awarded £3,600 towards taking 50 children, aged belween 9-10 years on an outing. The school is in a very deprived area of Exeter. The Sir Francis Chichester Trust Devon- awarded £5,055 towards enabling 3 young people {16- 22 yrsl from Devon an opportunity to attend an Outward-Bound expedition. Exmoulh Division Girl Guiding awarded £500 towards a weekend camp for girls belween 7 and 16 who are Girl Guiding members. Some ofthese girls will come underthe Child in Need category. Okehampton Community Dance Project. There are 11 participants with needs that range from SEND, physical disabilities, neuro-divergent needs, social needs and permanenl illness. They were awarded £4,389 towards their affordable and inclusive dance sessions. 70-80 children from 3-18 years will benefit. Home-start Teignbridge- awarded £5,000 towards restarting the weekly stay and play sessions. 20 children from 0-4 and 8 young parents under 25 will benefit. Devon Healing Horsemanship - Willand. Awarded £6,650 towards helping Restart participants working with horses. 11 children from 8-24 years will benefil. Tor Bridge Primary School - Plymouth. Awarded a contribution of £3,000 towards creating a welcoming library environment for their pupils. 180+ young people from 5-12 years will benefit. Wild Hearts Servi$ CIC- Exeler. Awarded £7,398 towards running Forest School holiday clubs. 11 distinct Kinship Care children from 7-16 years will benefit. Grants totalling £93,140 were committed during the year.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Financial review and conversion to a Charitable Incorporated Organisation (CIO) The Charity reports a nel deficit of expenditure over income of £22,49412024'. £507,920 surplus) for the year ended 31 March 2025. Before taking account of the loss on investments of £33,920 {2024'. £546,555 gain) the net surplus is £11,42612024.' £38,635 deficit). The value of investments has decreased by £84,211 in the year to 31 March 202512024: £497,863 increase). Investmenl income of £177,03312024'. £174.1791 was received during the year. The Trustees continue to be caulious with Ihe amount of funds allocated to grant funding to maintain reserves. The Charity converted to a Charitable Incorporation Organisation (CIO) on 31 March 2025. The new Charitable Incorporated Organisation was registered on 14 December 2023 with charity registration number 1206189, and all the assetslliabilities of the Charity were transferred to the CIO on 31 March 2025. The balance sheet immediately prior to the transfer is shown in note 8 to financial statements. The Trustees are satisfied that the level of reseNes transferred to the CIO, as shown in note 8, is adequate to meet their commitments over the next financial year and that the investments held have achieved these objectives and were acquired in accordance with the provision of the Trustee Investmenl Act 2000. The Trustees have reviewed the reserves policy and investment policy and are salisfied that the policies remain appropriate. Investment Policy and Performance The main objective is to invest in a diversified portfolio of assets, which will include equities both in the UK and globally, fixed interest, alternative assets and cash. The portfolio aims to achieve a steady increase in income and capital appreciation and provide long-term proteclion against inflation. Only readily realisable securities which are traded on the leading eligible securities markets are held. Where appropriate, collective investments, including artive and passive investment vehicles will be used. The portfolio is managed by Charles Stanley on a discretionary basis and performance is monitored against the MSCI PIMFA Balanced benchmark, which reflects the Trustees, wish to maintain risk toward the upper end of the Medium High-risk category, over the medium to long temi. The Finance sub-committee meets on a regular basis to review investment performance and discuss possible changes in the investment portfolio with the investment managers. The Trust's investments have continued to be managed in conformity with the policy.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Risk management The Trustees review, on a regular basis, the major risks which the Trust faces and believe that Ihey maintain sufficient resources lo meet their obligations in the evenl of adverse conditions. The Trustees have also examined other operational and business risks and confirm that they have established systems to mitigate the significant risks. Reserves policy The reserves of Northbrook Community Trust {as transferred to the CIO) are made up of an Unrestricted Reserve and an Expendable Endowmenl Reserve. Investment income arising from the Endowed Investments is treated as Unrestricted and used for grant making purposes. The Trust Deed does also allow for capital to be used for charitable purposes. The balance on unrestricled funds immediately prior to the transfer lo Ihe CIO (see page 6 and note 81 on 31 March 2025 was £8,056,184 {2024'. £8,078,678). Plans for future periods The Trustees and the Finance Committee continue to work towards increasing both the capital and income of the Trust so that the Benefits sub-committee can continue to help young people in the county in accordance with the objects of the Northbrook Community Trust. Structure, governance and management The Trust is a registered charity, number 228740, and its governing instrument is the Charity Commission Scheme of 1 September 1995. Trustees The Charity Commission Scheme of 1st September 1995 stipulates that the Trustees shall consist of not less than 9 and not more than 13 Gompetent persons being.. 1 nominated Trustee and not less than 8 and not more than 12 co-opted Trustees. Nominated and co-opted Trustees are appointed for a term of 4 years.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Recruitment and appointment of trustees Candidates are generally drawn from recommendations of various current committee members who are on the Board of Trustees, Benefits and Communications sub-committee, Finance sub- committee, and the Property sub-committee. Ideally prospective candidates should have experience in the type of work that is pertinent to the Northbrook Community Trust. There is a Nominations sub-committee which consists of the Chaimian of the Board ofTrustees, the Chaimian of the Finance sub-committee, the Chairman of the Benefits and Communications sub-committee and the Chairman of the Property sub-committee. The candidate is interviewed by the Nominalions sub-committee and, if suitable, recommendations are made lo the Board of Trustees who will then ratify the decision to employ the successful candidate. The usual term of office is 4 years from the date of the appointment.
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Reference and administrative information Registered charity name and number: Northbrook Community Trusl 228740 The Trustees who served during the year were.. S J Bright A D S Chapman (Chairman) Mrs H M Morgan A L Pearce Mrs R M Saltmarsh JP, MBE Mrs J E Maisey R T N Thisllethwayte Mrs M M Mortimer J. Boles Councillor Tracy Adams D. Law (Appointed 29th November 20241 Correspondence address: PO Box 104 Sidmouth, EX10 1 DQ Bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Malling Kent. ME19 4JQ Independent Examiner: Neil Hitchings FCA Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter, EX2 7XE Soll¢ltors: Michelmores LLP Woodwater House Pynes Hill Exeter, EX2 5WR Stockbrokers: Charles Stanley & Co. Ltd. Broadwalk House Southernhay West Exeter, EX1 1TS
Northbrook Community Trust Trustees, Report (continued) Year ended 31 March 2025 Trustees. responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity, and of the incoming reSoUrS and application of resources of the charity for that period. In preparing the financial statements the trustees are required to= select suitsble accounting policies and then apply them consistently- observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures Ihat must be disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping proper accounting records that disclose wilh reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and taking reasonable sleps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 12 September 2025 Signed on their behalf by R. Thistlethwayte H Morgan
Northbrook Community Trust Independent Examiner's Report to the Trustees Year ended 31 March 2025 I report to the trustees on my examination of the accounts of Northbrook Community Trust (the charily) for Ihe year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the 2011 Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applirAble Directions given by the Charity Commissioner under section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in conneclion with the examination giving me cause to believe that in any material respect.. 111 accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 121 the accounts do not accord with those records., or 131 the accounts do not comply with the applicable requirements conceming the form and conlent of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other malters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Neil Hitchings FCA Francis Clark LLP Chartered Accountants Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE Dale.. 25 September 2025 10
Northbrook Community Trust Statement of Financial Activities For the year ended 31 March 2025 Unrestricted Endowment Funds Funds Total year Total year ended 31 ended 31 March 2025 March 2024 Note Income Rents receivable Inveslment income 2a 2b 12,562 177,033 12,562 177,033 12,646 174.179 Total income 189,595 189,595 186.825 Expenditure Charitable activities Grants payable Raising funds Other costs 93,140 49.640 35,389 93,140 49,640 35,389 158.852 46,339 20,269 Total expenditure 178,169 178.169 225,460 Net income before gainsl{losses) on investments 11.426 11,426 (38.635) Net gains l (losses} on {33,9201 (33.920) 546,555 Investments Net income l {expenditurel and Net movement in funds for the year before transfer {22,4941 (22,494) 507,920 Transfer lo CIO 18,056,184) (151,941) 18,208,125) Net movement in funds 18,078,678) {151,941) 18.230.619) Reconciliation of funds Total funds brought forward 8,078,678 151,941 8,230,619 7,722,699 Total funds carried fonvard 8,230.619 All income and expenditure is unrestricted in both 2025 and 2024. 11
Northbrook Community Trust Balance Sheet At 31 March 2025 2025 2024 Note Fixed assels Tangible fixed assets Investments 749.732 7,419.541 10 8,169,273 Current assets Debtors Cash at bank and in hand 11 267 85,825 86,092 Creditors: Amounts falling due within one year 12a 124,7461 Net current assets 61,346 Total assets less current liabililies 8,230,619 Creditors: Amounts falling due after more than one year 12b Net assets 8,230,619 Funds Permanent endowment funds Unrestricted funds 13 151,941 8,078.678 Total charity funds 14 8,230,619 These financial stslements were approved by the board of Irustees on 12109125 and were signed on their behalf by R Thistlethwayte Trustee H Morgan Trustee 12
Northbrook Community Trust Notes to the accounts Year ended 31 March 2025 Accounting Policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021- (Charities SORP IFRS 102}1. Northbrook Community Trust meets Ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical or transaction value unless otherwise stated in the accounting policy note. The assets and liabilities of the charity (see note 8) were transferred to the charitable incorporated organisation {CIOI number 1206189 on 31 March 2025. The existing charity (number 228740) has not traded Sin this date, and all the activities of the charity are now conducted through the CIO. The functional currency of Northbrook Community Trust is considered to be pounds sterling because it is the currency of the primary economic environment in which the charitable company operates. la) Rental income Rental income represents the amount receivable in respect of properties. (b) Investment income Investment income represents dividends receivable from investments listed on a recognised Stock Exchange and interest receivable. (c) Expenditure Expenditure is included on an accruals basis. Cost of generating funds Cost of generating funds comprises those costs directly attribulable to managing and maintaining the rented properties and the inveslment portfolio. 13
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 Accounting Policies (continued) Grants payable and creditors Grants payable are charged in the year when the offer is conveyed to the recipient. In those cases where grants are conditional on rtain conditions being fulfilled with the option to discontinue the grant remaining with the Trustees, grants are recognised as expenditure when the conditions are likely to be fulfilled. Grants approved by the Trustees but where the offer has been made subject to conditions. which have nol been mel at the year-end and are considered less likely to be met, are noted as a commitment, but not accrued as expenditure. Creditors are recognised where the charity has a present obligation resulting from a past evenl that will probably resull in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Id) Value Added Tax Irrecoverable VAT is aggregated with the expenditure to which il relates. le) Taxation The charity is exempt from income and capital gains taxes under the provisions of sections 521 to 536 of the Income Tax Act 2007 and section 256 TCGA 1992 respectively. Investments Investments are stated at market value, and unrealised gains and losses are reflecled through the Statement of Financial Activities. Ig) Tangible Fixed Assets The freehold land and buildings held by the charity are held primarily for the provision of social benefits. The charity has consequently accounted for these assets in accordance with FRS 102 as property, plant and equipment, despite receiving rental income from them. Assets are shown at cost including any incidental costs of acquisition, less depreciation and are therefore not revalued. Freehold land and buildings are shown at deemed cost based on a valuation at 31 March 1999. (h) Deprecialion Depreciation is charged in order to write off the cost or valuation of assets over their useful economic lives at the following rates.. Freehold buildings - 2 % straight line Equipment and furnishings- 15010 reducing balance No depreciation is charged on freehold land. 14
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 Accounting Policies (continued) Funds General unrestricted funds comprise accumulated surpluses and deficils on general funds and the cumulative realised and unrealised gains on valuations. They are available for use at the discretion of the Trustees in furtherance of the Charity's general charitable objectives. The Permanent Endowment Fund represents those assets which must be held permanently by the Charity. o.) Financial instruments The Trust only has financial assets of a kind Ihat qualify as basic financial instruments i.e. cash, investments, short-term debtors and creditors, which are initially recorded at transaction value. Investments are revalued at market value through the statement of financial activities. a. Rents Receivable 2025 2024 Rental Income 12,562 12,646 12,562 12,646 b. Investment income 2025 2024 Dividends- UK equities Foreign Dividends Interest - UK fixed interest securities Foreign Interest 83,691 35,552 42,902 14,888 103,602 37,322 23,044 10,211 177,033 174,179 15
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 3. Costs of Raising Funds 2025 2024 Portfolio management fees Property insurance Depreciation on buildings Legal and professional fees 27,123 1,390 3,353 17,774 25,163 1,258 3,353 16,565 49,640 46,339 4. Grants Payable 2025 2024 Action East Devon Action for Children Baby Bank Network Exeter Bounce Foundation Balloons (Devon) Barley Lane School Circlewise - Newton Abbot Community Equality Disability Action Double Elephant Print Workshop Devon Healing Horsemanship Devon Youth Justi Exeter Community Exmouth Division Girl Guiding Families in Grief Family Compass Farmwise Gaia Giving Go Beyond Home-slart Teignbridge Lampard School Life Chance Trust Live Music Now 13.500 5,000 5,700 5.000 8,660 15,000 7500 7500 4.450 6,650 4,947 6,000 500 6,000 7,500 1,000 3,000 7,500 5,000 17.500 5,000 7.314 16
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 4. Grants (continued) Live Education Wessex Mill Water School No Limits Community Cafe Okehampton CPD On The Hill Project Food Sir Francis Chichesler Trust Sirona Sisterwood Sound Communities Sl Peters Sl Marychurch C of E Primary School Stannary Brass Band The Hollow Lane Club Tor Bridge Primary School Whipton Barton Federation Wild Hearts CIC Wren Music Youth Arts and Health Trust 3,000 5,000 3,120 4,389 6,810 5,000 5,055 10,000 7,500 10,000 10,840 1.000 1,000 5,000 3,000 3,600 7,398 3,804 6,255 93,140 158,852 Outslanding amounts included in creditors 2025 2024 First Lighl South West 15.000 15,000 Each of the above grants included in creditors were dependent on the Trustees receiving satisfactory reports on the projecls, progress from the management of the organisations concerned. The Trustees retain the right not to pay the remaining amounts if satisfactory reports are not received or if the projects do not progress within the terms expected by the Trustees. 17
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 5. Other Costs 2025 2024 Independent examination Clerk's salary Printing, postage and general expenses Depreciation - furniture and equipment Rates 3,364 15,941 1,951 167 13.966 2,810 15,311 2,070 78 35,389 20,269 6. Staff numbers and costs 2025 2024 Salary 15,941 15,311 15,941 15,311 The Trust had one part-tirne employee during the year {2024.' one). There were no employees with emoluments above £60,000. The Trustees are the Key Management Personnel of the Charity and are not remuneraled. Therefore. there is no key management remuneralion {2024.' £nill The trustees serve voluntarily and receive no remuneration. No travel, subsistence, or other expenses were reimbursed during the year {2024'. £nil}. There have been no related party transactions in the reporting period. 7. Total Expenditure Staff costs Depreciation Other costs Total 2025 Total 2024 Costs of raising funds Grants payable Other costs 3,353 46,287 93,140 19,281 49.640 93,140 35,389 46,339 158,852 20,269 15,941 167 15,941 3,520 158,708 178,169 225,460 18
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 8. Transfer to CIO On 31 March 2025 Northbrook Community Trust transferred all assets and liabilities to a newly incorporated CIO with Ihe same name. The balance sheet immedialely before the transfer is shown below. At 31 March 2025 2025 Fixed assets Tangible fixed assets Inveslments 746,281 7,335,330 8,081,611 Current assets Debtors Cash at bank and in hand 1,610 134,515 136,125 Creditors: Amounts falling due within one year (9,611) Net current assets 126,514 Total assets less current liabilities 8,208,125 Creditors: Amounts falling due after more than one year Net assets 8,208,125 Funds Permanent endowment funds Unrestricted funds 151,941 8,056,184 Total charity funds 8,208,125 19
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 9. Tangible fixed assets Freehold Land Freehold Equipment buildings and furnishing Total Cost At 1 April 2024 Additions Disposals Transfer to CIO 673,548 167.714 4,350 69 845,612 69 (673,5481 {167,714} {4,4191 (845,681) At 31 March 2025 Depreciation At 1 April 2024 Charge for the year Eliminated on transfer lo CIO 92,602 3.353 (95,9551 3,278 167 {3,4451 95,880 3,520 {99,400) At 31 March 2025 Net book value At 31 March 2024 673,548 75,112 1,072 749,732 At 31 March 2025 20
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 10. Investments 2025 2024 Investmeni Portrolio Cash balance held al stockbrokers 7,379.908 39,633 7,419,541 Investment portfolio Quoted securities Unrestricted Endowment Total Valuation al 1 April 2024 Additions at cost Disposal proceeds Equalisalion Realised gain on disposals Unrealised gain Transfer to CIO 7,227,967 1,051,972 (1,072,738) {4,4171 267,936 (301,8561 (7,168,864) 151,941 7,379,908 1,051,972 {1,072,738) 14,417) 267,936 {301,856) {7,320,805) (151,9411 Valuation at 31 March 2025 All fixed asset investments are quoted securities in the United Kingdom. 11. Debtors 2025 2024 Prepayments- insurance 267 21
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 12a. Creditors: amounts falling due within one year: 2025 2024 Accruals Grants payable (note 4) 9,746 15,000 24,746 12b. Creditors: amounts falling due after more than after one year: 2025 2024 Grants payable (note 4) 12. Pemianent endowment: 2025 1 April 2024 Incoming Unrealised Expenditure Transfer to resources gainllloss) on gains and cio investments losses 31 March 2025 Permanent endowment 151,941 <151.9411 2024 1 April 2023 Incoming Unrealised Expenditure resources gainllloss) on gains and investments losses 31 March 2024 Permanent endowment 151,941 151,941 Income arising on the Endowment Fund can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses form part of the Fund. 22
Northbrook Community Trust Notes to the accounts (continued) Year ended 31 March 2025 14. Analysis of net assets between funds 2025 Tangible fixed assets Investments Other net assets Total 2025 Pemianent endowment Unrestricted funds 2024 Tangible fixed assets Investments Other net assets Total 2024 Permanent endowment Unrestricted funds 151.941 597.791 151,941 8,078,678 7,419.541 61,346 749.732 7,419.541 61.346 8,230,619 15. Financial instruments 2025 2024 Financial assets measured at fair value through income and expenditure 7,419,541 16. Operating leases - lessor The total future minimum lease payments under non-cancellable operating leases are as follows.. 2025 2024 Not later Ihan 1 year Later than 1 year and not later than 5 years 14,566 35,685 50,251 23