THE NEW GREEN COMMUNITY TRUST Independent examiners report for the year ended 31 March 2024 In accordance with the instTUCtions provided to me. I have reviewed the financial statements for the year ended 31 March 2024 and can confirni that they are in accordance with the books and records and inforniation and explanations supplid to me. An audit of th¢ financial statements has not been conducted. Sarah Place ATT Dat¢ Sarah Place Accountants Ltd Unit 4b Boldero Road Bury St Edmunds Suffolk IP32 7BS
THE NEWGREEN COMMUNITYTRUST Siatement offinancial a¢tlvttiesforthe yearended3tst March 2024 Unrestrlcted Fund Restricted Fund Total 2024 Total 2023 IncomlngRe50urces frnMgenefedluns Donations and Gifts 2.932 2.$22 Investment Income 2,522 1.028 Sub-Total 5.422 IncomingResourcesfrom chaiitableacU¥ltte$ Rent 7,817 55,897 7,817 55,897 504 6.745 50.458 Hall Hire Fund Raising Incomefrom Mast as contribution to lease completion Other Income 1,500 1.080 14,238 1.042 4.742 1,042 4.742 FIT& Mast Receipls Total Incomingre50urces Expenses Fundraising Expenditure Maintenance 75,456 75,456 79,4143 328 328 500 10.232 10.232 10,407 579 Bad Debts Waste Disposal Cleaning Electricity Telephone G2S 2,831 9.256 4,235 2.831 9.256 4.235 2.225 10.062 4.056 511 4,086 2.223 2,033 2.468 -1.000 2.264 Insurance Advert15ing Wate¥ 992 Licences 805 805 Donations made Depreciation 16,651 5.992 16.651 9,992 4.000 9.992 Sub-Total 58.288 4.000 62,288 44.003 Governance Costs Administration expenses Protessionalfees 359 359 556 Total resources expended Nei movement offund5 for the year Fund balances broughttorward Fund batance5 carried lorward 59.133 4,000 63.133 45.046 16.323 537,747 554,070 4,000 4.000 12.323 541.747 34.397 507,350 554.070 541.747
THE NEWGREEN COMMUNITYTRUST Balance sheet at31st March 2024 Note 2024 2023 Fixed Assets Tangible assets 371,266 381.258 Current A55ets Trade Debtors Prepayments & Sundry Debtors Investment in Thurst CIC Cash at bank Current Account Dep051t Account COIF Cash in Hand 4,065 1.142 loo 20.551 100 152,660 53,087 147,645 50,625 231.246 203,577 Current Liabilities Creditors, Accruals & Deferred Income 6.726 8,656 Net Current Assets 224.520 194.921 Longterm Llabllltles 41.716 34,432 TotalAssets 554.070 541.747 Represented by Unrestricted Funds Restricted Funds 554.070 537,747 4,000 541,747 Total Funds 554,070 All recognised gains and losses are included in the statement of financial actNttie5 in 2023 and 2024 All amounts relate to continuing actkvities Thefinancial stateTnents were approved bythe Trustees on ZO J iJhfE zo P Wa(fe Treasurer
THE NEWGREEN COMMUNITYTAUST Notest¢rmingpart ofthe finan¢ialslatentslolIYParendPd3tsl Harth2024 l Accountlngpolicles The princlpie accounlln8poUcsarewoutbekw.thhM DeenapptsedconSistenttythepnoIyeai. General Thefinancia15tstements have beer7prepared underthe hisiorlcalcostcon¥enlon and InaCcordancewh applicable stènoards.the Charitie5Act1993. Staterrn101 recthmmended pracrisesforcharitses and FRS 102 In¢omingResour¢es Incomeis accountedforona prDVWillS basis Resources e¥pert4Yed Alleyndriure is a¢¢ountedforon ana¢¢ruaLbasis TanglbletL¥edassetsènddepreclatlorA Depreclèiion Ispr0ded iowriieoff costs, eStima1 residuaLvaiues(pMthee4)ÈC uselul The applicable rate5 Used are=. Leasehold ian(Jand building5 Remainlngierm of life Furnituie.fixtures,fittingsznd equip[r1 Straiort base¢J onW"mated re Taxat The ttust isa re&s[eo CharityanJ tsnotconsKleo babietoiaxationon itsincome. 1nCL¥neta¥¢Jeatedat source isiecoverablefromthe InLqnd reThe FundA¢¢ountlng Detsiis ol the natureand purwseofeachfund IS01n [KI5 2 Tanglble F6xedA55ets lease1 Fumiiure,flxiures l2ndandbulrfs andfftu Total As attstApii12023 Disp05als Additions 119,077 677,045 A5at31st Mafch2024 557,968 119,077 677.045 DepTeclallon * ISI Apri12023 DisposaLs Chargefortheyear A5at315tMarctQ024 105N8 9,992 305.n9 109.320 Netbookvalue A5at3tstMarclQ024 36L509 37L266 381.258 A53t15tApriL21J23 549 3 Emplowhentcos Wages Soc131SeEurttyand pension costs The aveiage monthlynt¥nDeroteMtrSeeex¢1l1ingwee$ds 4 Tru5tee5' remuneration and expenses No remuneyation dirÈciorindireciWaspaidorlspayableforiheyear.wa5paWiSd2t0be paidlo any trustee oi personsknown to tcOnnected ¥th allytrustee tlo expenseswere incurre(tbythetrusteeduringttrl2 Nill S Fund5 unTeSt¢ted gen¢ralfunds.coMprisei)serunSWthh IheteesaTeffeÉ0 use inaceotdart¢eiththe Charftable objecti$ Restrlctedfundsarefund5which haVebeenen foTparhcuiarputF¥isesandprOits Therestricied funds represents specthclundivgiowardsthe costs0fendingpart oflhe Char¢S prortY TheTrustee5 are unaware otany unTethctedfunds.and havethereloretrartslerredthe lance brough1foaidt0uDfesir¢fe
THE NEWGREEN COMMUNITYTRUST Noie5 formlng part ofihefinan¢ialstatementstorthe yearended 315t March2024 6 Analysls of fund balances Tanoble ed assets D•btors IrNe5tment Cash atbank In Sub. and In Hand Credttors Total Unrestricted funds (note71 Restricted funds 371.266 100 205.747 48.442 554,070 3n266 25.399 100 205.747 48,442 SX070 7 Unrestrlcted Fund$ DeslgnatÈd Chartlable fixed asset funds General Funds Total Balancè at lstApri12023 Transferto generalfun Tiansferlron designated fund Surplu5 fortheyear Balance at31st Mar¢h 2Q24 186.395 6.200 351.352 537.747 6,200 -6,200 16.323 554,070 -6.200 16.¥23 208.918 345,152 The Designated Charttablefixed assets fund representsihe net book valueol unrestricted tangible fixed a55et5. In each year an amount istranslerre(I to orfrom theyund repiesentingthe movement in net bookvalue of unrestrictedlangiblefixed assets in theyeaT. 8 Charity Status The Trusteeswere infomed on 12thJan 2023. that the Landlordwoulo donatelhe Freehold forthe NewGreen to Thurston Parish Council subjectto it supportinEa planning appCatIOn forthe construthtonof new houses. and approval by Mid Suffolk District Council. Alhe currenttimethe Twstees are unaware as to howthiswiiiaffect the status of the charitygoinEfoFwafd. The a¢¢ounts ha¥e been prepared on a eoingconceitk basis.