2023-03-31-accounts - The Norwood And Newton Settlement

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1-4		Trustees'	Report
5-6		Auditor's	Report
		Statement	of Financial Activities
		Balance Sheet
9-12		Notes to the Financial Statements
The	following	pages do not	form part of	the audited	accounts
13-14		Schedule	of Investments,	Dividends	and interest Received

The Trustees are p March 2023.	The Trustees are p March 2023.	leased to present	leased to present	their report	together with	the fi	nancial statements	of th
REFERENCE AND		ADMINISTRATIVE		DETAILS
Charity number:				234964
Principal office:				5 Convent	Close
				Upminster
				RM14 2FA
				www. norwoodandnewton.		co.uk
				norwoodandnewton@btinternet.			corn
	Auditor:			Clemence	Hoar Cummings
				Riverside House
				1 —5 Corno	Street
				Romford
				RM7 7DN
	Bankers:			CAF Bank
				25 Kings Hill Avenue
				West Mailing
				Kent ME19	4JQ
TRUSTEES
he Trustees	serving	during the year	and since the year end were as follows:
	Alan	David Gray					Trevor William	Marlow
	Mrs Stella Holland						Rodney Stuart	Eborn
	Mrs Susan Elisabeth		Newsom

			2023		2022
	Notes				F
INCOMING RESOURCES
Incoming resources from generated	funds:
Investment Income			402,890		395,893
Other income
Other income			10,000
Total incoming resources			412,890		395,893
RESOURCES EXPENDED
Charitable activities			353,984		321,514
Total resources expended			353,984		321,514
NET INCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS			58,906		74,379
Other recognised gains:
Gain on revaluation of investments	—Unrealised		(661,060)		719,444
NET MOVEMENT IN FUNDS			(602,154)		793,823
Reconciliation offunds
Total funds brought forward			12,182,495		11,388,672
TOTAL FUNDS CARRIED FORWARD		f.	11,580,341	E	12,182,495

					2023 f		2022f
FIXEDASSETS
Investments					11,039,390		11,570,076
CURRENT ASSETS
Accrued investment		income	19,224				18,357
Bank accounts			253,540				325,645
COIF Charities deposit account			100,000				100,000
Methodist Chapel	Aid deposit account		170,000				170,000
			542,764				614,002
CREDITORS: Amounts		falling due within
one year			1,813				1,583
NET CURRENT ASSETS					540,951		612,419
NET ASSETS				f	11,580,341	f	12,182,495
FUNDS
Unrestricted funds					11,580,341		12,182,495
				f	11,580,341	f	12,182,495

DONATIONS AND GRANTS PAID
					2023		2022
					F
RCCG Living Faith Assembly, Horsham					25,000
Dalton Community Church (Meth/URC)				Cumbria	5,000
Linton Free Church (URC) Cambs.					30,000
Romford YMCA					1,000
Bridgwater Baptist Church, Somerset					20,000
The Light Church, Bradford, Yorks.					30,000
Stanway Evangelical Church, Essex					15,000
The Wesley Centre, Malton, Yorks.					15,000
Harold Wood Nativity Project					1,500
Evesham Baptist Church, Worcestershire					30,000
Nafferton Methodist Church, Yorkshire					20,000
The Gate Baptist Church, Tilehurst,	Berks.				30,000
Emmanuel Church, Leftwich, Cheshire					25,000
Balderton Methodist Church, Notts.					7,500
Lewes Quaker Meeting, Sussex					5,000
Grange-over-Sands Methodist Church,			Cumbria		20,000
Emmanuel Church, Marlborough					30,000
Mount Elirn Church, Swansea					25,000
Gosport Waterfront Church, Hants							10,000
Comberton Baptist Church, Cambs							7,500
Bluntisham Baptist Church, Cambs							25,000
Crossway Church, (Meth/URC), Seaford,				Sussex			3,000
Bethany Baptist Church, Pwllgwaun,		Pontypridd					5,000
Trinity Methodist Church, Sth Elmsall,		Yorks					2,500
Ainon Baptist Church, Cardiff							20,000
Godmanchester Baptist Church, Cambs							25,000
Edale Methodist Chapel, Derby							5,000
Grace Community Church, Oxon							20,000
Kidlington Methodist Church, Oxon							10,000
Hope Church, Rhydyfelin							15,000
Hill City Church, Pontypool							20,000
Calvary Baptist Church, Gwent							30,000
Kingsheart Church, Rise Park, Romford							2,000
Sawyers Church, Brentwood							30,000
Bread of Life Project (Baptist), Strood, Kent							25,000
Gateway Church, Poole, Dorset							30,000
					335,000	f.	285,000


7.	INVESTMENTS							2023				2022
									Market				Market
							Cost		Value		Cost		Value
	At 1st April 2022						f. 6,214,855		11,570,076	E	5,366,484	F	10,850,632
	Additions						410,000		410,000		1,000,000		1,000,000
	Disposals						(250,000)		(279,626)		(151,629)		(1,000,000)
	Gain / (loss) on revaluations								(661,060)				719,444
	At 31st March 2023						F 6,374,855	f.	11,039,390	F	6,214,855	f.	11,570,076
	Analysis of Investments		at	31stMarch 2023
	Quoted Securities:
	COIF Charities Ethical	Investment Fund					1,622,750		3,640,730		1,622,750		3,831,776
	M & G 'Charifund' Income		Units				342,106		1,849,747		342,106		1,970,147
	Charities Property Fund Units						449,999		582,013		449,999		672,069
	Property Income Trust						250,000		267,497		250,000		332,773
	Cazenove Charity Responsible				Multi	Asset Fund	1,800,000		1,986,549		1,800,000		2,115,971
	Sarasin Endowments	Fund					1,410,000		1,935,105		1,000,000		1,528,772
	Newton Sustainable Growth			and	income Fund		500,000		777,749		500,000		812,427
	Rathbone Active Income and			Growth		Fund					250,000		306,141
							F 6,374,855	F	11,039,390	F	6,214,855	E	11,570,076
8.	CREDITORS: Amounts	falling due within one year

2023		2022
1,813	f.	1,583

MOVEMENT		IN FUNDS	AT 3	1ST	MARCH 2023
						General	Revaluation	Total
						Funds	Funds	Funds
						E	E
Funds brought		forward				6,827,274	5,355,221	12,182,495
Net incoming		resources	on ordinary		activities	58,906		58,906
Unrealised gain on revaluation				of investments			(661,060)	(661,060)
Realised gain		on disposal of investments				29,626	(29,626)
Transfer offunds
						6,915,806	4,664,535	11,580,341
MOVEMENT	IN FUNDS		AT 31STMARCH 2022
						General	Revaluation	Total
						Funds	Funds	Funds
								E
Funds brought		forward				5,904,524	5,484,148	11,388,672
Net outgoing	resources		on ordinary		activities	74,379		74,379
Unrealised gains on revaluation				of	investments		719,444	719,444
Transfer offunds						848,371	(848,371)
						6,827,274	5,355,221	12,182,495