##
##
|Page||||||
|---|---|---|---|---|---|
|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|
##
##
##
||||Notes|||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|
##
##
##
|||||Nominal|Cost|Market|Interest|and|Dividends|
|---|---|---|---|---|---|---|---|---|---|
|||||Holding||Value|Date||Gross|
|||||||f|||f|
|COIF Charities||Ethical Investment||1,290,855.88|1,622,749.62|3,640,729.92|31/05/22||27,366.14|
|Fund|- Income||Units||||31/08/22||27,366.14|
||||||||30/11/22||28,140.66|
||||||||28/02/23||28,269.74|
|||||||||f|111,142.68|
|M &6 'Charifund'|||income|124,715.76|342,105.84|1,849,746.75|31/05/22||29,308.20|
|Units|||||||31/08/22||24,943.15|
||||||||15/12/22||33,673.26|
||||||||28/02/23||16,213.05|
|||||||||f|104,137.66|
|Charities|Property||Fund Units|466,132.00|449,999.27|582,012.42|15/08/22||5,759.06|
||||||||15/11/22||5,815.93|
||||||||13/02/22||6,204.68|
||||||||O/S||6,572.46|
||||||||||24,352.13|
|Property|Income Trust|||336,473.76|250,000.00|267,496.64|31/05/22||1,226,99|
||||||||30/06/22||1,108.78|
||||||||29/07/22||1,085.58|
||||||||31/08/22||1,264.91|
||||||||03/10/22||1,145.22|
||||||||31/10/22||1,293.76|
||||||||30/11/22||1,103.01|
||||||||29/12/22||1,336.55|
||||||||31/01/23||1,144.40|
||||||||28/02/22||1,239.71|
||||||||31/03/23||1,235.26|
||||||||O/S||1,206.12|
|||||||||f|14,390.29|
|Cazenove|Charity||Responsible|3,717,446.81|1,800,000.00|1,986,548.00|07/06/22||17,784.69|
|Multi|Asset|Fund|||||07/09/22||19,793.57|
||||||||07/12/22||19,836.87|
||||||||07/03/23||19,930.74|
||||||||||77,345.87|
##
##
##
##
|||||Holding||Value|Date|Gross|
|---|---|---|---|---|---|---|---|---|
|||||||f|||
|Sarasin Endowments||Fund||1,689,865.08|1,410,000.00|1,935,105.00|25/08/22|11,244.91|
||||||||25/11/22|14,194.87|
||||||||25/02/22|14,194.87|
||||||||O/5|10,307.83|
|||||||||49,942.48|
|Newton|Sustainable|Growth|and|500,416.98|500,000.00|777,748.07|31/05/22|2,862.73|
|Income Fund|||||||31/08/22|4,855.12|
||||||||30/11/22|3,844.80|
||||||||28/02/22|3,507.78|
|||||||||15,070.43|
|Rathbone|Income and Growth||||||31/05/22|1,989.16|
|Fund|||||||||
|||||||||1,989.16|
||||||6,374,854.73 f|11,039,386.81||398,370.70|