THE NORWOOD AND NEwfoN SETTLEMENT Re9lstared Charlty No. 234964 REPORT AND ACCOUNTS For Tha Year End8d 318t March 2026 Clemence Hoar Cummlng$ CHARTERED ACCDUNTANTS THE NORWOOD AND NEWTON SETTLEMENT R8glster8d Charfty No. 234984 CONTENTS For Theyear Endad 31st March 2025 Page Trusl8es' R6POrt Audilorf8 Report Statement of Financ￿1 Aclivilies Balan￿ Sheet 9-12 Nole51o thp Flnandal Slalemants The followiny pag&s do not form part of the auditsd accounts f&14 Schadul8 of Inveslmenls, DwhJend5 and Inlere5t R&¢elved THE NORWOOD AND NEWTON SETTLEMENT Réglst*red Charlty Mo. 234964 TRUSTEES, REPORT ForThe Year )Is¢ March 202S Pa Th6 Trustees are pleased lo pre$Ènl thelr report together wlh the fln8nck81 sialements of the Selll&mafii for the year ending 31st arch 2025. REFERENCE AND ADMINISTRATIVE DETAILS 234984 Princlpal olflce= 73 Shepherds H41 H8rold Wood RM3 ONP v￿￿.￿￿[w(M>(￿ll￿￿e￿t0n.UI.￿k Inf(Y&no￿Oodan￿Tr￿vrton.e0.uk Audlior.. Clemen¢* kloarcummlws Rivérslde House f- 5 Como Slreet Romford RM7 7DN BaNkets.' C.A.F Bank LTD 25 ￿IngS Hll Avenup Wesl K4alling Kenl ME19 4JQ TRUSTEES The T¥usle8s S￿ng during IheyÈar 8nd slnce Ihe y8ar end were as folk)ws'. Alan Dgvld Gray Trovorwlllarn Marfow Mrs stella Holl8nLI RDdneySluart Ebo Mrs Sus?n Elisabeth NewsoTrF STRiICTURE. GOVERPIANCE AND MANAGEMENT Fll$tory ThiB Ch&gitable Seitkmenl G4m8 fiom Iht amalgaÈM811on 4th July 1996 of the NoTh￿0d Selllemenl ¢ie81ed by Ihe late THOMAS ENGLAND by Deed daled 20fh NoveiMI)èr 1952 and registerèd as a Charity uRder Registration number 234964 and the SettletnenlGréal8d by Ihe lele ESTHER SWEETING EMGLAND Dn Slh July 1980 also a RegisiÈrad Chafity. Gov6rnlng Document The Trust Deed stipulates ihal th8 Trustees shall hold Ihe Income and so much of the ¢8p1tal of the Trust Fund as Ihey Sliall Irom ilme lo lime in their absolut* dis¢retloD think fil upon Iiusi for stsch cAailtgble insliluilon or insliiulions or charitable objecl or objects or lor sttch other chariiabk purpose or purposes ￿ such pmportions and in such manner as Ibe Ttustees In Ihelr absoluk discretion shall Ihink fil. The De8d conlalns s invesimoni clause,. The assels gre inv&st6d In atto￿ance with Ihe Trusl D8¥d and the Trusiee Aol 2000. Boui tapital and income may be used al any tkne for the furthorancc ol the Selllemenl's aims a*d Iherefore Ihe portfdlo o]ulO be managed a Tolal Relum basis. Al preseni. 811 securibes belonging lo the Seluemémt, cor)￿￿1 of Common Investsnenl Funds orsiTnilar. Appolntmejt afid Inductlon of Trustees The Sellternenldoes not c**ngeTTusleE& on a reuuL9ror mlailon b8sk8 bul deems onwlng exper￿￿ to b2 ofgrtaler benefiL Whan seeking lo appolnl a new Trustee. the agreemefti of all TrLa8lees lo such appdnLmenl Wo￿ld bè pa￿an￿￿ni. The most approprlai8 medio for thè iècrullmenl ¢f a Tru51ee WOU￿ be usèd, whl¢h May i￿1￿de informgl soundings wilhin lik8 mknded org8nis81ions. AdvertiÈing may be conS￿ere￿ when Ilie5è appr08¢hes have failed. THE NORWOOD AND NEWTON SETTLEMENT Reglsteved Char5ty No. 2J4964 TRUSTEES. REPORT Icontlnuedl ForThe Year Ended 31st March 2026 Pa ny new Trustee would be given full ithduclion Into ihe worf¢lngs of the Sewemenl depenthng upon Ihek experie•¢e and skill woukl be encouraged. atthe SÈiiiÈmÈni's èxpènse. to aiiend any Iralnlng cour5eswhKh werè dÉtmÉd approprk91e. Rl3& Manag8m•nt Th8 Trus18e8 h8v8 identifted the ￿tal0[ risks lowhich thè S&llkmenl15 exposed a￿d have r8vleweO (he Systems whlth are In pLqce to Ilgale them as fDlbws'.- The Selllemenl relies on the investment relurn to fund granl maklng. However, grants are genÉrally one-ofF awards and number And valijp. these may vary depending on cirGumslanc6s. The key rlsk to the long-lerm SU$t8lnabSkty of the Sellbmenl is Infialion, and a5sels should be irwesled lo mitigat8 Ihls rfsk over the laiig-ierm. The Ttuslees understsnd thai Ihk% 18 Ilkety to mean Ilial Inveslmernt will be£on￿nIral￿d in real as￿lS and thdt Ihv ￿pIral ¥8￿* wlll flu¢tUBIe. The Selllem8nt lias suffiGyent liquid atss8ts lo meet Ils known liabillks. Futurè commiimenls be adjiisled in line wkh I￿aMe. Cash funds Ate deposited in very low rlsk accour*ls bul with the aim of OL￿ainIng a Tea50nable return. Al ile presenl lime the nead for Immedi8le access impedes iicome from Ihls sou¥c&. Evèry &ftori k% made lo ensure that the Selttemeni does nol pay f¥audulenl d3lms and lo gu3rd againsl fraud. 11 is cOn￿￿ere￿ th81 thé ne¢ess8ry safegu2rds are in place. All Truslees are aulhoris8d s￿natOrIeS for any financAal Ir2nsaction. for which any are r￿Ul[￿d ￿ siun. As the &llleinenl does nol own &￿Y operational assets ordirectly empby5 Staff, il is rx)t cons￿￿8d that Ihere are any oparalional ri8k$. Invesirne￿t Poll The basè currencyof Ihetnvestsnent port*)ko is Sterling. The ovarall obledlves are io creale sutriuenl Income and Gapilal orowlh lo enable (he Sett￿ment to C8rry out its rjurposes consIS￿nilY year by yaar wilh duo and proper Cons￿8[all0Th for fulur6 needs and Ihe maintel￿n￿ ol and. il possible, enh8n¢em6nl ol the vduè tsf tha inve$led tunds Ihey are ￿tain&d. Tlit S8tllÈmeni vts expected lo exlst in perpeluity and Invesimerjis shoLld be mattaged to meet the Inveslmenl objective and ensure Ihis Sustainabl￿ty. The standard C￿erf8 Is fora'balanced. returTr bpiwpen Income and capltal wth Medlurn ri&k. Th8 portfoko assét alk)cation felwith* broad range5 as sel oul bd(wJ'. stiateul¢ A88OtAllooatlon Rang0s % Cash 0-20 Bothys 20 Total ¢88h and bonds 5-25 UK84ullles 10-30 Gk)bal 8oullles 4040 Totsl equ1t￿$ 60.80 Property 20 Aiiemaiives 10 7otal alternatlves 5-25 The alkscal￿nS exdud8 workino cash. THE NORWOOD AND NEwfoN 8ETTLEAIENT Reglsteved Charlty N￿ 234964 TRUSTEES, REPORT {Cohtin￿ad ForTh• Ygar Endad 3tst Marth 2026 The alk)callons COU￿ bKJ vlcwed fiexibly, Iepending upon Ihe chosen we￿hlIng ol the COMM￿ Investment Fund manag￿5. The Trustees me95ure the Iwèrall ￿rf0mlan¢$ of the inveslrnenl portId￿ Èoainsi Ihts ARC Chaii148s Indlces -'Steady Grovrth. CharAy Index"_ Environment, Socyal and Goveman¢e IESGI invesimenl poI￿leS are pursued far as posslblfr bul 80 85 to malerialty affect iotsi relums. An ESG policy was adopt8d as part of the Inveslrnenl Teview and changès were Made lo asset ho￿1￿95 lo more closely reflect these polirA68. Most of Ihe inveslmenls arè held In Peoled or CommDn Inveslmenl Charity Funds as It Is fett th81 Is the besl way lo ac*ieve a br03d r&nge of asset cale00￿¢S and lo sprpad any risks. The Trustees do not see ihs need for dls¢relionary managemeni of the whole portfolio, bul prefer lo bp iriveblEd in 8 range of ¢oMmoTr Investment Funds or slmllar whic.h. in effect. achleves a mult an3ger posllion. This negates the need for freqveiil reviews of an indiv￿ual tund rnanager. Tv this Ihey consider Ihal they have suffi￿ent inveslmenl knowlÉd9È 10 make inveslm8nl . foT Ihe year then 8nd8d.. . have been proper￿ prepared In accordance with Unitèd Klngd(Mn Generally ACCe￿ed Accounthg Pmctice,. and . have been prepared ITh 8r¢(*Oance wrfh Ihe regul￿MentS of th8 charl1￿8 Acl 20ff1. BASIS OF OPINION We conducted our 8udil in a¢terdance with Inierrtaiional &andard8 on Audiling IUKI IISA8 IUKII and applicab￿ Eaw. Our r8sponsibililies under those 51andards are further de%iibed in lh8 Auditor'8 re8POllSit)ililies for the audit of Ihe financ*al statements 5ed40n of tsur report. We are independani of the chaiily in accordaTrGe the 81hical requiremenls that are relevant lo our audit of the finanual slalemEnis In th8 UK, includin9 the FRC'S Ethical Slandaid. gnd we have fuifi116d our other elhl¢al responsibilities I accordance wlh these requireft*nls. We believe Ihai the audit evidence we have obtained ts sufficient and appropiiaielo provid8 8 basis fc( our opinion. CONCLUSIONS RELATING TO GOING CONCERN In 8uditing Ihe finanGi31 stsl&m8nts, we have ¢on¢luded Ihal th8 truslÉ88' use of the golng concem ba515 of a¢counliry in the preparation of Ihe fillamcial slalemenls is appmpriaie. Based on th8 work we have pèrformed, wé have nol identified any ma16ri81 uncertainties relaling lo evenls (w condilKsns thal, individually or GollecllvÉly, may cast sionifr2nl doubl on the chaiilvy 4lylity lo ¢onllnue as a going con¢em for a pèriod Df al 18a8t velve monlhs from when th8 financial slalemenls ar8 2ulhorised for issus. Our responsibth'lies and the responsibilities of the tIU5tees with r8sp6ct lo going concem are déscdb8d in the relevant $eolion$ of Ihls report. OTHER INFORMATION The other inform81ion Gomprls85 the informalion included in the trustees annual report, oth8r than the financial slalemeDts Hnd our auditor's report Ihereon. The Irusl8•s are responsiWÈ for tha Other informalion conlained witttin th& annual report. Our opinion on the rinancial slalemenls does nol cover the olhèr information and, ex¢èpl lo Ihe extent othe￿vISe expliGilty $ta18d In our report. we do not express any form ol assurance conclusion Ihoraon. Our ré*spon8ibilily is to read the oth&r information and. in doing so, consider whether the other iftfomialion is Inalerially iTrGQDsislent th Ihè financi81 stslemenls or our knD￿edg& obtained in the ¢oursÈ of Ihe audit or olharwi5e appe919 lo be materially mi551&led. If we identity $uch material inconsistencies ￿ appamnt material misslaiemenis, we ale required lo determine whether Ihis gives rise lo a maierial mi551alEment In the linancial 51alemen15 themselv*. If, based on Ihe worfl w& have performed, we £onGlude that IhErè18 a m2teri81 misstaleTrEnt of thi5 other Infoymalion, we are Nulr8d lo r8port Ih8t fact. W8 have nothing 10 report in this regard. REPORT OF THE AUDITORS Icontlnuedl TO THE TRLISTEES OF THE NORWOOD AND NEWTON SETTLEMENT MATTERS OM WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing lo repnrt in iespect of the following maller8 in T813lion towhEGh thè Charities (Accounts and Reports) Regulations 2005 require us to report lo you if, In our opittion.. the iDformatlon given In th8 flnancial slalements Is Inconsistent in ally material resp8d Ihe Iw$lees' report. or the Gharily h2s not kept adequate accounting r8cords.' or . th8 Iinancial stal£mBnls 818 not in agreement wllh the acGounling re¢ords and relurn&.' or .we have not receNed 811 Ihe information and 8xplanal*)n5 réquire for our audil. RESPONSIBILITIES OF TRUSTEES As Èxplaincd mole fulSy ID the Iruslees, mpoftslbilities 8lai&menl, $61 oul page 4. the tJus16es are wptsnsible for the prèptralkin of firn8nGlal staternen15 whith givÈ 2 true and fÈir view, and for such inlern#l Gonlrol as the Iwslees d81enHine Is necessary to enabl& the preparation of financial statements thal are fr86 from Mate￿81 m￿51alaMe￿t, wheth6rdue to fraud or erior. In preparfng ts flnawel slatem8nt8, t￿ tru&tÈ&8 ar8 responsible for ¥5ses$lng Ihe chsrEtls abillty lo cont5nue a8 a going Gon¢em. dlsdoslng, 35 appllcable, malteis related lo going concern 8nd uslng the golllg Cfjn￿rn basis of accountlng Un￿55 the trustee5 ellher Intend to Ilquidate the charily or to cÈssÈ op8ralions, or have no reali81ic allernalive bul to do so. AUDITORS RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATMEMENT We have been appolnled as audiitsr under seotlon 144 of the Charitles Act 2011 and report In actA)rd8nce with regu12tions mgdè under s&chon 154 af that Acl. Our ohjectives orè to obtain [eason￿ble assurance aboul vthetthr the financial statemenls 85 B whole Hre fre& from Tnaleiial tnissldlèment. whethar due to fr&tud or error, and to issue an audilofs report that In¢lud8s our opiTrlan. Reasonable assurantt is a high levol of assuran￿, bul 1$ nol a guaranteÉ* that an audit to#d￿cted in accordADce wfh ISAS (UK) will aEways detecl È material niis818tement when il exls15. MlsslalemÈnts can afise trom fraud or error and are GDnsld6red Mgi&hal if, Individually or In Ivie 8ooreaale, they could reasonab￿ b8 *wected to influence the economiG declsltsns of user5 tskan on ihe b8$1$ olthe5e finaiicial Iireyularilies. Includlng fraud. are instsnces of non-comrAiance with laws and regu181ions, We de8oon protsdures in line with 4)ur responslbllities. outlined above. lo delecl Material Inlssialemenls In resp8cI of iriegulgrilles, including fraud. The ￿ent to which procÈdure8 ar8 capable of detecting irregularities. includlng fraud is dètailed betiw.. We havG designed ovr work to ensur8 that law5 and rsguiations have been ad￿red lo. and th8 transa¢tion5 undertaken by thè Chaiity are properfy rp.fkcted in th6 financial slatemenls, We have obtained o détailed Understa￿lThY of the Charitws inlemal control 8yStems 2nd we have USEd the k#ovAedge gainpd lo klenlify any areas of risk of mls-stalemsnl orfraud. We hava Ihtsn designed our audit tes15 In each area to idenlifywh61h8r in re5pecl of the Iran58Cfion8 we have seleGt*d for lesllDg the rel8vanl Gontrols have operated as ewected. A fitrther dèScrfp￿0n of our responsibifilies for th& audii of the finan¢bl stsl&men18 is IoGaled on the Flnancial Reporilng Councl's website al.. ￿v.fr¢.tsrll.UkI8￿dlI<￿Fesp0nsiblllIk$. Thls d8scrlplion forms part of our auditorfs teport. THE iISE OF OUR REPORT This report is Made solety lo the chanlls tnjslees, as a body. in accordallce with Part 4 of lh8 Charit￿5 (Accounts and Report81 Regulalion$ 2008. Ouraudil walk has beon undertakpn Ihal we mKJhl slate lo the Gharilys Iruslees those matters w8 are requlred lo slate to them In an audiiorfs rtport and for no other pvrpose. To the luSSest 8xienl pemftted by law, w8 do nol accept or assume responsibility to anyane olher thgn the charfty and Ih6 charily's trustees a5 a body, for our audit work. for Ihis Teport, or for the oplnioD5 ￿ have foimÈd. L6a- Lé6 Blunden FCCA CTA SenioT StatuloryAudilor CleTnence HoarCummlng8 Charte￿d Accountants and RegIsle￿￿ Audilors Dated. 31 Oc&c)bw tos THE NORWOOD AND NEWTON SETTLEME￿[ Reg15tered Charity No. 234964 NOTES TO THE ACCOUNTS For The Year Endod 31st March 2025 l. The prinGipal accounting poli¢lès ar8 summ8rised bebw. The accounting policies have been appI￿rt consi51enlW Ihroughoul the yeai and in the preceding yEar. lal Basls of Accounting The financial s18iemÈnls hsv8 been prep8red uNJer Ihe hisloiical cost convention. 2$ modified by Ihe in¢lusion of fixed ass inveslmenls at Market valw, in 8ccordanGe with the ChaDliÈs Act 2011 the r8quiremeDls of the Slalemenl of RecommÈnderl Pr8clice." AG¢ounting and Reporting by Chan116S. Ibl Fund Accounting unre51r1￿èd funds 8ro avalgble for use at the discretion of the Trusiees In furtherance of lh& general ¢blecllvÈs of the SÉlllemenl. UnrÈ>iricied funds inGlvde a revalualK>n resetve repi8sellting Ihe restalemenl of inveslmenl assets ai mark81 vatu8s. Icl InGomlng Resources lllvestrnenl Incorne is induded when recelvabk. Idl ResourGes Expend8d Expenditure 15 recognlsed on an awruals b8SiS 88 a liability 1$ Incurred. Expenditure IndLKles any VAT which cannot be fulty recovered, and is ieported as part of the expandilure lo which il relales.. Chdrilable expenditur8 tomprises those costs incurred by tho Selllemenl in the delivery of 115 aGI￿lI4eS and setvi¢es for ils benefiuaries. 11 inGlud88 both costs that can b8 alloc8ted dir8clly lo such aclniitles and Ihose tosls of an indirecl nalur8 neoessary lo support them. Gran18 paid are Includad wthin charrtable expenditure and srE accounled forwh8n Ihey 8re paid. lel Investrnents Investsn8n15 held as fixed assets are revalued at mid-mathet V81tse al the balan￿ sh881 date wilh any unrealised gain or105S recagnised in the Staiem&nl of Financi￿ Aclivltl8s. 111 Debtors Dèbtors r8pre5enl the valu& of accrued intimÈwhith 15 recelvabb at balance Sheet dal8. 2. IMVESTMENT INCOME 2026 2024 M & G'Ch8rifund' Income Units COIF CharitE5 Ethical Investment Fund Income Uni15 ch8riti￿ Pfop8ty Fund Deposit acoount Imtérasl Properly Incorne Twsi Cazenove Chariiy Responsib￿ Mull￿A¥set FUNJ Sarasin End¢ywmenis Fund New#on Suslainable Growlh and Income Fund 112,868 113,337 26.524 26,834 Y5,439 66,462 57,455 107.256 36,094 15,936 14,757 86,157 61,342 17.421 450.106 457 550 3. TOTAL RESOURCES EXPENDED Ordlnary Actlvitlés Total 2025 Total 2024 Governance Donations & gran1$ paid Comission and Fees Admin*slrnlion Website cosls Audit fee Sundryexpenses 445,363 500 60 120 445,363 500 60 120 4,500 205,tA)o 4,756 7,870 .555 4,548 247 043 450.543 THE NORWOOD AND NEWTON SETTLEMENT Règisterèd Charlty No. 234964 STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31st March 2025 Page 7. 2025 2024 Notes INCOMING RESOURCES Incomlng resources from gen&rat&d fttnds: Inveslmenl lnoome 457,550 450,106 OthÈv It)ctsmè Other income T¢)tal i￿0￿11￿ rès0￿rt&s 457.550 450,156 RESOURCES EXPEMDED ChartlaNe activities 450,543 223,976 Total re50ur6es expÈmdod 450,543 223,976 NET INCOMING RESOLIRCES BEFORE OTHER RECOGNtSED GAINS 7,007 226,180 Other r8cognlEed galns.. Gain on revaluation of investment5- UnFeallsed 1122,2481 602,669 NET MOVEPIENT IN FUNDS 1115,2411 828,849 Rètonclliatlon of funds Tot81 funds brought forwdrd 12,409,f 11,580,341 TOTAL FUNDS CARRIED FORWARD f2,293,949 £ 12,409,19 The stolemeni of finanual activitses includes all gains and k)sses in iha yéaT. Ml Incomlnu reS￿rteS and re80urces expsnded derive from unreslriGled 8Glivilies. THE NORWOOD AND NEWTON SETTLEMENT R&glsiered Charlty No. 234964 BALANCE SHEET. 31$t March 2025 2025 2024 Notes FIXED ASSETS lllvesiments 11,515.055 11.637.303 CURRENT ASSETS Accrued tsnvesim8nl income B?nk aGGounis COIF Charilies dep05il aGGounl Methodist Chapel Aid deposit acceunl 24.783 258,012 330.600 170 000 783.395 24,081 331.707 250,600 570,000 776 388 CREDITORS.. Amounls falh'ng due within one year 4,501 NET CURRENT ASSETS 778,894 771,887 NET ASSETS 12.293.949 £ 12,409,190 FUNDS Unraslricled funds 12,293,949 12.409,190 12 293 949 £ 12.409 190 The 1 lalemenls were 8ppioved by the Board ofTru3tees 8nd were signed on beh8lf by.. Gr8y- TruslÈÉ artow- Trustee THE NORWDOD AND NEWTON SETTLEMEP4T Roglstored Charlty No. 234964 NOTES TO THE ACCOUNTS For The Yéar End8d 31st March 2025 Page 10. DONATIONS AND GRANTS PAID 2025 2024 Welion Bapt181 Raunds Methodist Church. NothÈnis Molding Forth the Word Uanishen Evangelical Church Walerfronl Project Chelmsford Chrisl Communlty Churcth, Attleborough. Norfolk Quorn 8apti$i GAP projects. Romford Sunbridge Road Mission, Bradford Twynham Church. Christchurch T£bernacl Penrhyndeudra&l Cornerstone. 8rLqhouse Presence Sloke on TrÈnl p￿ehu[SI Community Church Bridge Church. Bo510n Asboijrne Methodist Church, Oerby Light before C*ri$lmas. Harold Wood Nawpott Pagnell B3pii$t Church B￿sCOMbe Church. Godalming. Surrèy Melhodlsi Upmin8ler Hope Cfjmmunily Church Leyland 8apli51, LeyL3nd Moortands Church. Lancaster East Peckham Melhodisl Church Stalham Bapllst Church. Norfolk The Glove Melhodlsl Churth, Reiford, Nolis Sullon in cold1￿￿ Methodist Church ReBom8 Community Church. Shethorne, Do¥set Rayleigh 8apiisi Chttrch, E888x Bures Baptist ChuFGh Glebe Chapel, N8wenl. Glos Sleep Turnpike fvangelic31 Church, Matlock E￿15 Chrfslian Minislrie5, Iiford Tile Kiln ChurGh, Chelm8ford 20,000 20.000 15.000 15,000 30.000 3Q,000 25.000 1,100 25,000 25,000 25,000 30.000 7,500 30,000 10,000 30,ODO 1,763 30,000 25.000 10.000 25,000 15,ODO 30.000 10,000 15.000 5,000 5,000 20,ODO 30.000 15.000 15,000 15.000 15,OCK) 30.000 445,363 205,0 THE NORWOOD AND NEWTON SETTLEMENT Rég18t6red Charlty No. 234964 NOTES TO THE ACCOUNTS For The Year End8d 31st MarGh 2025 P3ge11. TRVSTEES. REMUNERATION & RELATED PARTY TRANSACTIONS During Ihe year amounts lotalling £469 was reimbursed 10 IhrÈa Tru&ie8s, 12024 £8,050 reimbursed to Ihréè Trusleasl on account of pmfe55ional se￿iceS rendered and travel and sUbs￿lence expen$e$. TAXATION As a ¢harily. Nomood and Newion SetlleTnent i* ￿eMpt from 18x on income and galns falllng wlhin $8Ction 505 of Ihe Taxes Acl 1988 01 $256 01 the Taxation of chargeab￿ Gains Act 1992 to lh8 exlenl that these are 2ppli8d lo ils chari18bl8 obJ"ecis. No lax c*8rges have wi5eD In thè Sellkmenl. 7. INVESTMENTS 2025 2024 Market VBlue IAarket Value C05t Cost At 1$1 April 2024 £ 6,372,218 £ 11,637,303 £ 6,374,855 £ 11,039.3 Additions DtsrKisaFs Gal￿ I l*)551 on revaluatKsn8 1122.2481 602.669 Al 31st March 2025 £ 6,372.218 £ 11,515.055 £ 6.372,218 £ 11,637.303 Analysis of Investr*énts at 318t March 2026 Qvoled SeGurltie$'. COIF Ch8ritie5 Elhkal Inve8tm8nt Fund M & G'chaiilund. Incorne Un Charlie5 Properfy Fund Uniis Prop8rty Income Trust Cazenove Charily Responsib￿ DAultl A88et Fund Sarasin Endowments Fund Nevhon Sustainable Grth￿h and Income Fund Ralhbone Active Income and Growth Fund 1.622.750 342,106 449,999 250,000 1.797,364 1.410,000 SOD,000 3,828,808 1,893,559 561,502 252,826 2,023,863 2,110,641 843,756 1.622,750 342.106 449.999 250.000 1,797.364 fj,410,000 )o,000 3.998.426 1,815,961 549,431 249,361 2,089,857 2,090,363 843,904 £ 6,372,218 £ 11,515,055 £ $.372.218 £ 11,637,303 8. CREDITORS". Amounts fallitYJ duewlhin one year 2025 2024 Sundrycredilors & accruals 4,501 £ 4.501 THE NORWOOD AND NEWTON SETTLEMENT Règi5tèrBd Charlty No. 234164 NOTES TO THE ACCOUNTS For Theyear Ended 31st March 2025 Pag8 12. 9. MOVEMENT IN FUNDS AT 31ST MARCH 2025 Genéral Fund$ Revaluatlon Funds Tolal Funds brought forwa¥d Net Inc(xning resources on ordinary activil￿S Unreall$ed galn on revaluation of inve8lm8nts Realised gain on disposal of InveÈlmenls Transter of funds 7.144,105 7,007 5,265,085 12,409,190 7,007 1122.2481 1122,2481 7,151,112 5.142.837 12,293,949 MOVEMENT IN FUNDS AT 31ST MARCH 2024 General Fund5 Revaluation Funds Totsl Fund5 Fullds broughl forw8rd Nel incoming 18source5 On ordinary adiwlle$ Unrealised g&in on revalu81ion of inve5trnenls Realised gain on dispos81 of inve51menls Transfer of fund5 6,915,806 226.180 4.664.535 11.580.341 226,180 602,669 602.669 12.1191 2.119 7,144,105 5,265,085 12.409.190 THE NORWOOD AN[) NEWTON sEfTLEMENT REulsterpd Charity Na. 234964 Th8 folk)wino pages do not form part of the audlled sccounts THE NORWOOD AND NEwfoN SÉTTLÉMENT ReKlStEred Charity No. 234964 SCHEDULE OF INVESTMENTS, DIVIDENDS AND INTEREST RÉCEIVED ForThe VÈ3r Ended 31st March 2025 Page 13. Intorest and Dlvldends Date Gross Nominal Holdlng Cost Markot Value COIF Charities Ethical Investment Fund- Income Units 1,290,855.88 1,622.749.62 3,828.808. 03/1￿/24 30108124 29111124 28102125 28.269.74 28,269.74 28,398.83 28.398.83 113,347.14 M & G'Char¢fund' Income Units 124.715.76 342,105.84 1,893,559.00 31105124 30108124 13112124 28102125 30,555.36 25,566.73 39.285.46 17,460.21 112,867.76 Charfties PropÈrty Fund UnEts 466,132.QO 449,999.27 561,502.00 15108124 15111124 14/02125 o}s 6,407.45 6,G47.97 6.680.14 6,788.87 26.524.43 Pioperty IncoFneTrust 336,473.76 250,000.00 252,826.00 30104124 31105124 01107n4 31107124 30108124 30109124 02110124 02112124 31112124 31101125 28102n5 311D3125 OJS 1,100.60 1,002.09 1,472.14 1,129.16 1,206.22 1,227.76 1,187.06 1,386.47 1,211.72 J,058.57 1,070.89 1,156.93 1,228.92 15,438.53 Cazenove Charity Responsible Multl Asset Fund 3.717.447.81 1.797.363.64 2,023,963.00 07106n4 09109n4 09112124 07103125 21.682.92 21,637.20 21,607.98 21,533.75 86.461.85 THE NORWOOD AND NE￿ON SEMEMENT Reg15tered Charity No. 234964 SCHEDULE OF INVESTMENTS, DIVIDENDS AND IhfTEREST RECEIVED ForThe Yoar Ended 31st March Z025 Pa È14. Holdlng Value Date Gross Sarasln Endowments Fund 1,689,865.C>8 1,410,000.00 2,110,641.00 23108124 25111124 25102125 ois 14,363.85 14,363.85 14.363.85 14,363.85 57.455.10 Newton Sustainable Grawth and Income Fund 500,416.98 500.000.00 843.756.00 31105124 30IOS12 29111124 28102125 3,745.63 6,134.52 4,454.03 4,296.49 18,630.67 6,372,218,37 £ 11,515,055.00 430,715.78