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 servI￿s 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 servI￿s 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 reSoUr￿S 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