THE NORWOOD AND NEWTON SErfLEMENT Reglslered ChaFIty No. 234964 REPORT AND ACCOUNTS ForTht Y￿r Ended 31st March 2024 Clemence Hoar Cummlngs CHARTERED ACCOUNTANTS THE NORWOOD AND NEWTON SETTLEMENT Regl3tered Charlty No. 234964 CONTENTS For The YeBr Ended 31$1 March 2024 Pag Trust8es' Réport AudSloVs Fleport Stafemenl of Financial Activities BalancE Sheet 9-12 Notes lo the Financial Staternen15 The lollowlng page3 do not form part ol the audlted accounts 13-14 schedu￿ ot Imioslm8nt8, Dwid8nds and Interest Recefv8d THE NORWOOD AND NEwfoN SETTLEMENT Reglster8d Charlly No. 224964 TRUSTEES, FIEPORT For The Year Ended 31st March 2024 The Tiuslees are pleassd to w8senl Ih8ir report togalhar wlth the tinan¢lal statements ol the Settlement lor the year ending 31st Mar( 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charlty number.. 234964 Prln¢lpal offlce: 73 Shepherds Hill Harold Wood ￿1p w*M.txbrwoodandnewlon.co.uk Info@norwoodandnewton.¢o.uk Audltor.. Cl8m•ncè HoaT Cumming8 Riv8rside Hous8 1- 5 Como Stre&t Romford RM77DN Bankers: C.A.F Bank LTD 25 Kings Hill Avenu8 Wesl Malling KenlME19 TRUSTEES The Trustees s&Ning dur*ng lh8 year and slnc8 Ihe year end w2re as follows.. an Dawd Gray Trevor William Marlow Mrs Stelk Holland Rodn8y Sluarl Ethrn M¥s StL8an Elisabelh Newsom STRUCTURE. GOVÈRNANCE AND MANAGEMENT Hlstory This Charitable S8tt18rn8nt caTll8 ITOrn the amalgamation on 4th Juty 1996 of the Norwood Sgmoment ¢reated by the latè THOMAS ENGLAND by Deed da16d 20th Novemb8r 1952 regis18T&I as a Charily undÈr Flsglslrallan numbèr 234964 atKI the Newton Sett￿M&nI crsated by the la￿ ESTHER SWEETING ENGLAND on 5th July 1960 also a Flegistered Charty. Goyernlng Document The Trust Deed stipulatss that the Trustees shall hDEd the Incom6 and so much ol th8 capil81 ot the Trust Furd as they shdl Irom tlm9 to me in their gbsolule di$crglion think lil upon Iiusi for sueh chariiable Institution or inslilulions or ch&rilabl8 ob5ecl or objects or for such other charitable purpose or PUTposes in sucli proportions and in such rnanner as the Trustees In Iheir absolute di5crg1ion shall Ihink lit. Th& Deed contains a'widg investment clause.. The assets aro Invèsted in accordance with the Tru51 Deed aTrd Ihe Trust&e Act 2000. Both caixtsl incotll8 tnay be used at any time lor tho lurthelance of thè Sellemeni's aims and Ihorèfor8 Ih8 portfolio could be rytanaged on a Total Return basis. At pr8s&nt. all securities belonging to the Seltlemenl. conslsl ol Common Invesimeni Funds or similar. Appolntment and Inductlon ol Tru$tee$ Thè S&lUgm&nl does nol change Tru51ee5 on a regular Qr roiatl¢)n basls bul deèms on-goiThJ experi&nce to ba of grea18r b9nelit, When seéking to appoint a new Truste&, the agreemenl of all Trustee5 to such an appoinlmenl would be paramount. Th8 nN)s1 approjyiale media for the recruitment ol a Trustee would be used, which Fnay includ8 itTrformal sourKlings within Ilke minded oruani8alions. Adv￿lis￿￿0 mey ¢onsider8d when th&6e approaches have failed. THE NORWOOD AND NEWTON $￿TLEMENT RÈgl$lered Charlly No. 234964 TRLJSTEES, REPORT IContlnued} For The Ye¥r Endgd 31st March 2024 Amy new Trustee woukl be gD18n full induction into Ihg worftlngs ol the Sellletllent alld depending upon their expertEnce and skill would bg encouraged. at Setiktnenl's 8XP8n88. to attend any tralnlng courses which wère d88m8d apprLyriat8. R15k M8n8gement The Trusle8s hav8 idenlilied tho malor rlsks lo which the Seiiement is &xpyJsed and hav8 reviewed the systems thl¢h a¥e In place to miligale th&m as follows:. The Sellloment r81ies on th8 Itiv8stment rgturn lo furKY grant making. H¢)wever. grants artr 96n6rally on6-ofl awards and thg rÈumber ancl value ol ihese may vary d8pending on circumsiances. The key risk to the long-tErffl 5UStainability of the Selilemenl is inflation, and the ass&ls Should be invested to miligale this risk over th& long-lerm. The Trusteès understand that this is likely lo fflean that inveslmanl be concentrated in real assets 8tKS that the capilal value will fluctuate. SettlemeTrl ha5 sullictenl IKiuid a8sBts to m89t ils known liabilili&s. Future commltmenls can adjusted In lin8 with income. Cash fund$ are dewsit&d in v8ry 11)w risk aecounls but wth Ihg alm of obtaining a ieasonable re￿rn. At the present limo th8 ne8d lor Immediale access Impedes incoma from this source. Every efftjrt L8 made to ensure thai tho S6ttiemenl d088 not pay fraudulenl clalms and to guard agalnsl fraud. It Is considered that th8 C8ssary safeguard5 are in place. All Trustees are aullwri8ed signatories for any Ilnancial Iransaclion, for whlch any h¥0 ar8 r8quir8d t0 8ign. As the sett￿￿￿nt does not own any operational assets or directly 8mploys slall, It is not ¢onsidered that there ar6 any OP8Talional risk8. Inv•stment Pollcy The b8S6 currency ol Ihe investment portfollo is St￿l￿g. Thg overall obiectivgs are to ClBate 5ulficlent iwome and Ca￿tal orowth to enable the Seltlement to caNy out Its wip0585 COnSiSt8nrfy year by year wlh and proper con5idera*on lor futuie nee(Is a￿1 the tnaintenanc& ot and, il possTri J18, enhancement ol the valu8 of lh8 invested funds whlle they are retalned. Thè Sett18menl is exp8Cted to 8xlsl In perpelully and Investments should be managed to meet the inv8stm8nt obi8CtNe and ensure thls suslainabilily. The Standard C¥ileria Is for a balanc8d" r8lurn b81w88n In￿M6 and c2pllal ￿th Medium rtsk, The porttolb as$81 allocation fell wlhin broad ranges as sÈt out bglow.. S1rateglc Asset Allo¢atlon Ranga$ % Cash 0-20 Bonds 5-20 Totsl trd$h and bonds UK equities 10-30 Globsl 8quIIi8S 40-60 Total equltles 60.80 Prop&rfy 5-20 Alternatives 0-10 Total alternatlves 5-25 The allocalions exclLide wothllg cash. THE NORWOOD AND NEWTON SEThLEMENT Reglstered Chgrlty No. 234964 TRUSTEES. REPORT Icontinugdl For The Yegr Ended 31st MAreh 2024 Th8 allocations Could be viewed flexibly. depending upon the chosen weKJhllng of thè Comrnon Investm8nl Fund Managér5. T Trust88s m8asure the overall perlorfflance of th8 Inv8slmanl wrllolio againsi the ARC Charilles Indic8$-'St8ady Growth, Charity Index.. Environment, Social and Governance IESGI inveslmènt polic￿5 are pursued as far as po$si1I8 bul ￿ as not to materially all8Ct lolal returns. An ESG policy was adop18d as part of the Investment r8vl8w and chang8S Were made lo asset holdings to more closely r6flecl these pollcles. Most of tho inv8Stm8nts are held In Pooled oi Comtnon InvesltneTrt Charity Funds as il is fell thal Ihls is the best way to achi8V8 a broad ranye DI asset cat8gor188 and lo spread any rlsks. The Tru51e8s do not see tIK> need for dis¢rgtionary management DI Ihe whole porlltslio, but prefer to be investsd IN a ranu8 ol Common InY8Stm8nl FurKls or simllar which, In ellÉcl, aLhieves a tnvlti-manag8r posillon, This negates the Treed for Irequgnt reviews ol an indlvidual fund manag8r. To Ihis end they ¢oTrsidÈr th91 they have sufficient investment know16dg8 to tnak8 inv8slrnenl declsions.. allhDugh Ihey woulLf, il necessary, lak8 advice from tim8 to Ilme regarding ￿581 allocation. Investment decisiorx8 are rnade by aK the Trustees at th?ir regular tneelings. The Settlament aims to distribute grants of b81wegn £300,000 and £400,000 annurn from In￿rn8, bul thls can vary from year to year dependino on grant making DPPOrtunities', conditions b&ing met lo take up the grant offèr and inv8slrn8nl r8tums. OBJECTIVES AND ACTIVITIES Thp Tyust Deed contains three obJ'$cllves, namely, the prornoThon of occupational education., thg promotion of social edueaiion.. and the pmmolion of the Chrlsliatt R81igion, by way of supJy)rt to Charitss only. How8ver, the Trustees, powers are not r?51rKled to Ihese ¢harltaUe purpD88S alone. Ovgr th8 ygars, and in accordance with the wsh8s of the original S8ltlo¥s, Ihe pollcy 0porat￿ by the Trustees has ev0￿¢￿. During the P8riod undw review. the Trustee5 have continued lo lavour b8n8liciaries svoh as Free Ghurohes., and other charitable causes whlch cornrn8nd themselves to the Truste65. 8y assisting Ihose charities who Ih8mselves musl provide kl&nliliable benpfits lo thE pu￿1C. the Tru5te88 COn￿derthat the S&tllemenl satisfies ils aitTrs in providing public bonelil. Where churchgs are concerned. grants are awarded malnty for capital bulldlng schemes arwj th8 Trus18es lak8 parlieulAr nolg 01 contribulions and promlsed contributlons, wh8th8r monetary dDnallons, voluntary labour or local fund-raising aelivitigs, made by members spocili¢ally towar¢Ys the scheme in question. Th8 Trust88s beli6ve Ihis lo b& a ¢leai indication of the measure ot commilmgnt of the tn8mbers Ihamselves to th(Il projeci. It 15 not Iha TEuslee$' normal poli¢y to lund Ihe ongoing work tsf a Charity nor ￿14 the Trustees consid8r a grant wh£iÈ an application for National Loltery Funding ha8 b8&￿ made 01 is eonlemplated. Durlng the y?ar Tru51ee5 inlroduced a n8w w&b8it8 for the selllemenl Int￿dIng an onlin8 application process. Th8 new wabslte increases the vlslbilily of the settleJnenl lo more po18nlial donors and also sets out our guid6lines for applic8nts. Applicalions whlch fit withill those guld8tlnes are considw8d by Trusle8s at Ih8ii quarl8ily mgetlngs. The assets of th& Charity in¢lvde no reslrlcted funds, nor d08s th8 Charily Dwn any 8ubsidiary Dr assocoted ttndertakings. ACHIEVEMENTS AND PERFORMANCE In thè year under revigw, a total of £205.000 was dis￿r$ed in 12 grants ranglng Indlvldualty fmm £5.000 to £30.000. lo a variety of charitles engaged In Ihe building of new pr8tnises or in making Improvements to Ihar exlsiing pr6mis6S. 08tail$ ol the granls made during the Selllem8nt y8ar are to be round on Page 10 of the Accounis. At the yèar end, eondilional pron)Ises ol grants outslandino amounled lo £380,000 IhL% being lh8 total surn ¥emainlng to bè paKI ovgr to putentiat bellelici&riss, for which r&a8on lirs18r akal It Is the ￿a¢1¢8 of the Tiustees 10 malniain what Ih8y judgg to be an adequate measure of liquldily at all times. FINANCIAL REVIEW Total incotne for lh8 yoar was 2450.15612028". £412,890), total 6xp&llditur8 lor the year including grants pald ar￿ ￿[tH￿IStratiVe costs was £223,97612023.. £353,984). Reserves tarriEid fDFward al 31 March 2024 wer6 £12,413,946 12023,. £f1,580,3411. All fund5 of th8 charity are unroslrK18d. RESERVES POLICY 11 is not the pollcy of the Truste65 lo accumulate reserves in tho long lerm. HoweveT, it is the TNstees' policy lo rnaintsin the real value of the Settletnenl'5 capital assets arKI on disposal of an asset th& totd proceo11s are re-iThv8sled lo tnainlain the real valu9. The income Iiom the Inveslments r>f the Settlement is used to cov&r administlafvon costs, whth arè kept to a miTrimum, wth th8 major parl bBing awarded grants. The Selllemenl do65 nol fundrais8. THE NOFIWOOD AND NEWTON SETTLEMENT Regi8tered Charlly No. 234964 TRUSTEES. REPORT (Continued) For The Year Ended 31st March 2024 STATEMENT OF TFIUSTEES, RESPONSIBIUTIES The trustees are 18sponsilAe lor preparing the Tmslees, Annual ReFK*t and the financial siatemenis in acc(*dance with ap￿Ical￿￿ law and Lfnited Klngdom Accountillg stand￿ds (Uniled Kingdom Gen&rally Aecepled A¢rounting Pradicgl. Th8 law applicable lo charities in England & Wales iequlres the Trustees to prepare financial statemtrnts for each finanoil year wh￿h give a tTU8 and fail vaew of the State ol aflalrs Df tha Sèttlement aro ol ihe It￿0[￿1n9 resource5 and application ot r8sourc8s ol the Settfemeni lor that p8r(od. In weparing these financial slalemenls, Ihe Trustèes arè Taqulred to.. select Suitab￿ &Counti￿g poliCh￿ then appty them consislenUy', obs81ve the m&lh(Kls aryl wn¢lpJes In the Charltles SORP., make judg6m6n15 and estimat88 that ar8 r&asonab18 and wudanl: slale whether appIl￿ble ￿cOUn￿n0 standards have been followed, subjeei to any material d8partur9s di8Ctosed and explalned In Ihe financi21 slatem8nls', prepare fina￿￿21 slalements on the golng concèrn basis un16S8 11 is inappropriat8 to pr8sum& that the S81I8menl wlll conllnug in operation. The 'frust8es ar& respDnslblè lor kÈtrplny proper accounting records that disc105e wilh ￿aSonable accuracy al any lim8 lh8 financial position ol th8 Settlemenl and enable them to ensure that Ihe flnancial 51aternenls comply with th8 Chari1188 Act 2011, Chartty (Accounts and Report81 R8gulalion$ 2008 and the provislcrt)s ol Ihe Tiust Deed. They are also reswnsibl6 for saleguarding th8 assets of th8 S8tt18rn8nt and hénce for taking raasonable steps for the prevention and deieclon ol fraud and other IrreguLa¥ities. A Gray- Chairof Truslees Dglod.. 3rd NGvernb&r 2024 REPORT OF THE AUDITORS TO THE TRUSTEES OF THE NORWOOD AND NEWTON sErrLEMENT OPINION W6 hav8 audited lh& linanclal statements ol The Norwood and N8Wton SettlemeDt for the year ended 31st March 2024 which cornprI88 of the Sla18m8nl of Financial Acllvllies, the Balance Sheet and notes lo the linancial statements. Including significant 8ccounling licies. ThE linancial r8porlinu Iram8worK that has beèn applied 4Tr their preparation Is appll¢ab19 law and United Kingdom Accounting Standards. including Financial R8porling Slandaid 102 The Flnancial Reportiro Standard apPI￿able In UK artd Republ￿ of Ireland Iunlted Kingdorn G8n&rdly Acceplod Accounltng Pra¢15cel. In our oplnlon the financial stat8m8nts'. gw8 a Iru& ar*1 lair vlew ol tho siaie of thè eharity's affairs as at 81 March 2024, and of its incomtng iesources and atpllcation ot r8sour¢e$, (or year then erthd- . have been propgrfy prepa¥8d In accordance with Uniled Kingdorn Gen8r￿lY Accepted Accounllng Praclte,. and havg been prepared In Accordance with Ih8 r8quir&m8nts of Ihg Charltles A￿ 2011. BASIS OF OPINION We conducted our audit In accordance with Intemalional Standards on Audiling IUKI IISAS IUKII and applicable law. Our responsibilllles under those standards ale further d￿Cribed irk thg Auditor's rèsponsibllilles for the audit ol Ihe financial stst8m8nts 88ction of our report. We are independent of Ihe charity in accordanc& wlh the ethical requirem&nls Ihal aro re16vant to our audil ol tha financial slalgmgnts in the UK, Indudlng the FRC'S Eth￿al Standard, and wg have lullilled our other ethical respDnsibilities in accordance with th8$9 requirements. We bellave that the audit &vider￿8 we have obialned Is sufficient and appropriate to provKt8 8 bas¢s lor our opinioTr. CONCLUSIONS RELATING TO GOING CONCERN In auditing the linanclal slal6monts, we have conc1￿led that the trustee$. use ol the gdng eoncem basis of aecounting in thg preparation of the linancial statements Is appropriat8. Based on the work w8 have perfoimed, we havè idolltif￿d any mat8rial uncertainti&s relallng lo èvents or conditions that, individually 01 eo118cliv8ly, may casl signilicani doubt on the charity's I￿111Y lo eonlinu8 as a going con¢&m lor a perlod of at least tweEve months from when th8 financial slalÈments artr authorised for issue. Our iesponsibililles and th8 r88poThsibililies ol Ihe Iruslees wlh respect to g(Mng conc8ra ar8 descrI￿d in the relevant seclK)ns of IhL% report. OTHER INFORMATION The other information comprises tha inforrnalK)n indyded in thg Irustees annual rewrt, othei than the financial slatem8nts and our 8udltor's réport Ihereon. The Iru51ee5 a￿ re5p0llsi￿0 for the olhar information contalned wlthln the annual r8POrt. Oui opinKJn on Ihe Ilnanclal stalemgnts dDes not ¢Dver the Other information and, except to the exlenl otherwse expllciily stated in our report, W8 do Tr)t expre8s any form of assurance cortluslon Ih•r80n. Our r8spoll$ibility is to rgad th& other infotwnalion and, ITr d(xng so, considor 1th81h8r th8 other information is materlaily lTrcon8ist8nl Nlh th8 financial stat8rn0nls or our knowledge obtalnad in th6 eouis8 of th8 audit or otherwise app8ars lo Inatgrially tnls51aled. If w8 idonlify such malt>rial inconsislgncies or apparent material mis$iatern8nts, we ar8 required to determlnÈ whelh&r this gives rise to a mat8rial missts18menl in Ihe financial stat$Tnent5 thpFnsdves. 11, based on th8 work w8 have p&rformed. we concl￿[8 that thw8 is matgrial missl8t8111gnt ol this other Inlormalion, we artr required to report thal fact. We have TrDlhing to reFX)rt In IhL8 r8oard. REPORT OF THE AUCrfTORS (Continued) TO THE TRUSTEES OF THE NOFIWOOD AND NEWTON SETTLEMENT MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPYION We have nolhlng lo report In iespecl ol the followi￿g mattels In rolalion lo which the Ch￿Ille$ (Accounts and ￿eportS) Regulalitsns 2008 r8￿[re us lo report ￿ youll, In our oplnion.. inlormation gIV￿ in Ihe lirwiclal ststements is I[￿On￿ls18nI in any matsrial respect wlth the Iruste&s' report,. or 4 th8 charty has not kept adeq￿ale accaunlino recorés-, or . the finoncral statemènts 8r8 not in agre8ment wilh the attounling tscords and rètums", or . W8 have nol r￿81Ved all the inlormatlon and ex￿anatIOnS w8 requir8 for our audit. RESPONSIBILITIES OF TRUSTEES As explaln8d more lully in the Iruslee5' re5ponsibililies slaletnenl. set out on pao8 4. the trustees are r8sponsibl8 tor Ihe prèparat10￿ of lillancial staternents whlch glve a true and fair view, and for such internal conlrol as the trustees de18rmine 1$ rE8¢8ssary to enable the preparation of fina[￿￿￿1 statements that aye free from material tnisstatstnenl, wh8th8r due to l¥aud or error. In P￿parfn9 the flnanclal Slaternents, th8 trust88s are re8ponslbl& lor ass&s$ing the charily's ablllty 10 contlnue as a golng conc8rn. thsclosing, as applleable, mailers rèlated to going eonc8rn and u8ing Ihe golrtg concern basis ol attounliffj unless the tru51ees eithe¥ in1￿d lo liquidat& Ihe ¢harlty or to cèas& operations, or hav8 r8ali$lic all8rnative but to do so. AUDITOBS HESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATMEMENT We hav8 b88n appointed as a￿l￿or under seeiion 144 of the Chari1188 Acl 2011 and r8pirl in acCordar￿8 %￿th regulalions made under section 1S4 of Ihat Act. Our obj8Ctni8s are to obtain règstrnable agsurAnce about bvhelhBr the finan(xal statements a8 a whole are free from malerlal mls51&lemenl, wh8ther due lo fraud or evor. and lo issue an auditor's r8poiI Ihal includes our opinion. Reasonablo assuranc& is a high level of assurance, but is ￿01 a guarantee Ihai an audll conducted In accordanco with ISAS IUKI will always d81ecl 2 malÈrlal mis8lat8rn8nl wh8n il 8xists. Misslal8menls can arise Irpm Iraud or error and are considered material 11, individually or in th8 aggregate. they could reasonably b8 8xpec18d to *nfkn8nc& the econDmlc dedslons of vsgrs taken on the basis ol thesp fillancial Statements. Irregularities, includino fraud, are Snsiartes of non-corry)liance ￿th laws and regulab'ons. We desl9n procedures in Ilng wilh DUI r8sponsibllilies, Dulllned above, lo ¢kkct material mi5Stalements in reS￿ct ol irr8gulariligs, in¢lud5ng Iraucs. The exlenl to wh￿h tsur pro¢&dures ar& capabje 0¢ detecting lffegularitlP5, 1￿cludIng fraud is detailed below.. - We have d8Stqned ovr work ID gnsure that laws and regU￿t¥)￿S have been adhered to, 9nd th8 l¥ans8ctions und8rlaken by thg Chgrily ar8 prop8rly r8f18¢18d in Ihe linarKial slalem&nts. We have obtained a delailed undeistsnding of th8 Charitls internal eonirol systems and we have used tha know18dg8 oan8d lo ideniify any ar6as ol risk of mis-stat8m8nt or fraud. We hav8 then dssigned our audil tests in each arèa to Ideniify whethèr in rg8P8Ct of the transaciicxis we have s&locted lor testirvj th& r&levanl conlrols have owraled as expécted. A I￿rther description of our responsibilili&s for th8 aydil ol the finan￿al slatemenls Is located on the Finandal Reporting Council's websita at.. www.frc.org.uKlauditor8r88ponsibilities. This description forms part ol our audltorfs ieport. THE USE OFOUR REPORT This report 1$ made Solely lo the charlty's twstees, as a b(MIyb Tn accorda￿ce with Part 4 of th8 ChaFili8s (Accounts and Repollsl R8￿latiOnS 2008. Our audit work has been undertaken so that we thghl slatè to th& charity's Irusl888 thos8 m8tt8rs we are requirsd to slate to them in an auditor's repoit and for other purpose. To the lullesi extent permllt6d by IEIW. wè do not aecept ry assume r8sponsibility to anyon8 olh8r than the charty and Ihe ch2rily's IrustoBs as a tKJdy. lor our audit work, lor tlis report. or for Ihe opinions W8 have formed. Lee Blunden FCCA CTA Senioi Statutory Auditor Clemence Hoar Cummiros Charteied Accounlanls and Reoi51ered Auditors Dated.. 3 Mov¢hber 20111 THE NORWOOD AND NEWTON SETTLEMENT Regl8tered Ch8rlly No. 234964 STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31st Ngrch 2024 Pa 2024 2023 Notes INCOMING RESOURCES In¢omlng ￿SOurceS from generated lund5- Investr￿n1 Incom8 450.106 402,8 other In¢omfr Oth81 inc0rn8 50 10,000 Totsl Incomlng resources 450,156 412.890 RESOURCES EXPENDED Charitabi8 activil 223,976 353.984 Total resources expended 223,976 353,984 NET INCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS 226,180 58,906 other recognlsed gHlns.- Gain on 18valuab.on of inve8tm6nts- Unrealised 602.669 1661.C601 NET MOVEMENT IN FUNDS 828.849 ifjird,1541 Reconclllatlon ot lunds Tolal funds broughtfomard 11,580,341 12,182,495 TOTAL FUNDS CARRIED FORWARD 12,409,190 11.580,341 stalemgnt of flnanaal actwiles I￿ludeS all oalns and losses In the year. Ml in¢omlng resources and resources expended derwe from unreslrlcted conlinulng acbvllies. THE NORWOOD AND NEWTON SETTLEMENT RegSstered Charlty No. 234964 BALANCE SHEET- 31st March 2024 2024 2023 Notes FIXED ASSETS Inve5ttnenls 11,637,303 11,039,890 CURBENT ASSETS Accru&d inv8Strnent It￿Or￿e 8ank accounts COIF Charllies deposlt acciwnt Methodist Chapel Aid deposit account 24,081 331,707 250.600 170000 776.388 19,224 253,540 100,000 170000 542,764 CREDITORS.. Amounts (alliro due ￿thin ane year NET CURRENT ASSETS 771,887 540.951 NET ASSETS 12,409,190 É 11,580,341 FUNDS Uiireslricted lurKIs 12,409,190 11,580.341 12409 190 11 580341 The fin gmen18 were aF¥Jroved by the Boar(J ol Twste were dgned on Its beball by.. A Giay- Tnjstse T M