the newman holiday trust changes lives
annual report and accounts
for the period ended 31 March 2022
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| Contents | ||
|---|---|---|
| REFERENCE ANDADMIN | 2 | |
| TRUSTEESREPORT | 3 | |
| OURHOLIDAYPROJECTS IN2021-2022 | 5 | |
| TARGETCATCHMENTAREAS | 5 | |
| MEETINGS | 6 | |
| DETAILS OFTRUSTEES | 6 | |
| INDEPENDENTEXAMINER'S REPORT | 7 | |
| STATEMENT OFINCOME ANDEXPENDITURE | 8 | |
| THEBALANCESHEET | 9 | |
| NOTES TO THEACCOUNTS | 10 |
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| Trustees | Dr Anand Chitnis |
|---|---|
| Mr Edmund Couldrey | |
| Mr Mohan Gharial | |
| Mrs Nina Graham | |
| Mr Thom Harvey | |
| Dr Katherine Martin | |
| Mr Robert Nestor | |
| Mrs Judith Wardlaw | |
| Mr Nicholas White | |
| Mr Thomas Williams (Resigned January 2022) | |
| Chairman | Dr Anand Chitnis |
| Treasurer | Mr Thom Harvey |
| Administrative address | Lowbrook Barn |
| Lancaster Road | |
| Lancaster | |
| Lancashire | |
| LA2 6AL | |
| Charity registration | 326429 |
| number | |
| Principal Bankers | Barclays Bank |
| Colmore Row | |
| Birmingham | |
| B3 2BY |
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Trustees Report
The Trustees present their report and accounts of The Newman Holiday Trust for the year ending 31[st] March 2022.
Objectives and Activities
The Charity aims to provide fun filled residential holidays to Children with physical impairments, learning difficulties or other special needs.
The Charity targets Children whose families or local Social Services cannot typically provide them with a holiday. This means that Holidays are often provided for Children with very high care requirements or for Children from extremely deprived backgrounds.
Holidays are designed to involve activities intended to enhance the future development of the Children and to create further opportunities for personal growth. Holidays encourage participation in events to which the Children may not previously have been exposed. These experiences help to build confidence and optimism, as well as giving them exciting and positive experiences. The time away from home and their primary carers help them to develop and play a fuller role in society and prepare them to live as independently as possible in the future.
The families, guardians and carers of the Children receive valuable and rare respite in the knowledge that their child is being well cared for and that they can contact the Holiday Organisers at any time.
The Charity aims to provide cost-free Holidays and, accordingly, the Charity meets the full cost of all Holidays and no financial contributions are required from participants, their families, guardians or carers.
You can find more about our Charity at www.newmantrust.org and we encourage to read our latest annual magazine to stay up to date with all activities.
Public Benefit
The Trustees have given careful consideration to the Charities Commission’s general guidance on public benefit.
Volunteers
The Trustees express their heartfelt thanks for the extraordinary contribution of Newman Holiday Trust volunteers. The Charity has no paid staff and is entirely reliant on volunteers who deliver all aspects of the charity’s operations.
Looking back on 2021
Our activities in the summer of 2021 remained in the shadow of the Covid-19 public health emergency. The nature of our holidays, which bring together up to 22 children from different households together with volunteers from across the country are inherently high risk for the transition for a virus like Covid-19.
Despite this, we are pleased the charity was able to run three scaled down, shorter holidays in 2021 supporting a total of 29 children. In addition to providing increasingly necessary respite for the children and families supported, this provide an opportunity to trial the necessary safeguards and mitigations needed to run safe and enjoyable holidays in challenging circumstances.
Looking ahead to 2022
Looking ahead to the summer of 2022, we anticipate running a full program of seven holidays supporting c.150 children and young people. After two years of much lower activity, we will be investing particular attention to the recruitment of volunteers and ensuring that our holidays benefit those most in need.
Financial Review
At 31 March 2022 the Charity held funds of £287,000. This amounts to approximately of 23 months funding. These funds have accrued from the continued generosity of our donors and hard work of our volunteers who have continued fundraising activity during the pandemic. Our target level of funds is £215,000, representing 18 months. This level of funds allows us to plan and commit to holidays beyond a 12-month horizon and to invest in our partner venues facilities to ensure they are fully accessible, to expand our reach.
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Despite the higher level of funds held at the end of this period, the charity remains cautious about the outlook for 2022-23, it is anticipated that total expenditure will exceed funds raised in the next two financial years. This is due to a lower level of fundraising activity following the pandemic and sharp increases in some of our venue costs. We anticipate it may be necessary to relocate some of our holidays to lower cost venues. This process can take in excess of 12 months.
The Trustees are satisfied the Charity has in place appropriate financial and budgetary controls that ensure it remains a going concern.
No Trustees received remuneration in the year (2021: none) and there are no paid staff members (2021: none).
Declaration
The Statement of Income & Expenditure set out on page 8 of this report for the financial year ended on the above date, and the Balance Sheet at that date set out on page 9 are as approved by the trustees of the charity.
Thom Harvey
6 January 2023
Authorised to sign on behalf of the Board of Trustees
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Holiday Projects Summer 2021
The tables below provide a tabular summary of all the holidays and comparisons with our holiday projects in the previous year.
Three small scale holidays ran in 2021 due to the Covid-19 pandemic. No holidays operated in Summer 2020.
| Holiday | Summer 202 | Summer 202 | 1 Summer 2019 |
1 Summer 2019 |
1 Summer 2019 |
% Yr/Yr | % Yr/Yr |
|---|---|---|---|---|---|---|---|
| No. of Children |
Hol Cost |
Cost per Child No. of Children |
Hol Cost | Cost per Child |
No. of Children |
Cost Increase |
|
| Scotland | 0 | £0 | - 22 |
£21,076 | £1,033 | -100% | - |
| London | 9 | £10,938 | £1,215 22 |
£14,504 | £735 | -59% | 65% |
| South East | 0 | £0 | - 22 |
£16,656 | £833 | -100% | - |
| South Central | 10 | £2,047 | £205 22 |
£10,197 | £539 | -55% | -62% |
| West Midlands | 0 | £0 | - 22 |
£11,808 | £612 | -100% | - |
| North West | 10 | £8,405 | £840 22 |
£16,462 | £824 | -55% | 2% |
| North East | 0 | £0 | - 22 |
£17,635 | £877 | -100% | - |
| Joint Holiday Expense |
- | £10,218 | - |
£11,622 | |||
| Total | 29 | £31,608 | - 154 |
£119,960 | £779 | -81% | - |
- Costs per Child have been calculated for this report to include a proportion of the joint holiday expenses. The joint expenses covers areas that are costs related directly to holidays only such as holiday insurance and exclude all costs for the daily running of the charity.
Target Catchment Areas
The holiday locations reflect closely the catchment areas for most of the children that are taken on holiday. These tend to be around dense urban environments such as Manchester, Birmingham and Middlesbrough as can be seen on the diagram below. One venue is positioned to take children from throughout Scotland with families and social services responsible for bringing children to the venue.
----- Start of picture text -----
Scotland
Tees and Tyneside
Manchester
Birmingham
Greater London
Oxfordshire
Berkshire & Hampshire
----- End of picture text -----
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Meetings
Trustees
The Trustees met formally on two occasions to conduct normal management and administration activities. These included the following areas:
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Considering the impact of the Covid-19 public health crisis
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Annual review of Trust Strategy
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Setting the fundraising target and strategy, and managing its delivery
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Tracking and monitoring of Trust finances
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Planning, agreeing and managing the delivery of the holiday projects
Details of Trustees
| Details of Trustees | Details of Trustees | |
|---|---|---|
| The trustees at the end of the year stood as follows: | ||
| Rt. Rev. Philip Pargeter | : | Patron |
| Dr Anand Chitnis | : | Trustee, Chairman |
| Mr Edmund Couldrey | : | Trustee |
| Mr Mohan Gharial | : | Trustee |
| Mrs Nina Graham | : | Trustee |
| Mr Thom Harvey | : | Trustee, Treasurer |
| Dr Katherine Martin | : | Trustee |
| Mr Robert Nestor | : | Trustee |
| Mrs Judith Wardlaw | : | Trustee |
| Mr Nicholas White | : | Trustee |
| Mr Thomas Williams | : | Trustee |
Notice of Financial Interest
Mr Thomas Williams is a director of OMM Ltd. who manufacture clothing and sports goods. The Trust purchases Newman Holiday Trust branded t-shirts for holidays and fundraising. Mr Williams and OMM Ltd. made no charge for this work and only cost prices were charged evidenced through copies of supplier invoices.
The Trustees have no other personal financial interests in the Trust’s activities.
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Independent examiner’s report to the trustees of the Newman Holiday Trust
I report on the accounts of the Trust for the year ended 31 March 2022, which are set out on pages 7 to 10.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Mr P Dennison
Relevant professional qualification or body: Partner, CWR Accountants ACA FCCA
Address: CWR Accountants Lancaster Business Park, 20 Mannin Way, Lancaster LA1 3SW Date: 30/01/2022
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Newman Holiday Trust
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Total Unrestricted Notes £ INCOME FROM Donations Voluntary income Donations 46,880 Fundraising 49,248 Investments Investment income 535 Interest - Total Income 96,663 Expenditures on Raising funds Costs of generating voluntary income 2,360 Charitable activities Direct Holiday Expenditure 4 22,790 Holiday Overheads 5 10,541 Other Support Costs 6 6,970 TOTAL EXPENDITURE 42,661 NET OPERATING INCOME 54,002 Unrealised (losses)/gains on investment assets - Net income/(expenditure) and net movements in funds 54,002 Fund balances brought forward 233,169 FUND BALANCES CARRIED FORWARD AT 31 MARCH 2022 287,171 |
2021 Total Unrestricted £ 30,377 67,362 530 33 98,302 241 5,664 3,366 4,009 13,280 85,022 - 85,022 148,147 233,169 |
|---|---|
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Newman Holiday Trust
BALANCE SHEET AT 31 MARCH 2022
| 2022 Total Unrestricted Notes £ Current assets Investments 15,746 Cash at bank 8 271,958 Prepayments 9,548 Total Current Assets 297,252 Current Liabilities Creditors (10,081) Accruals and deferred income - Net assets 9 287,171 Funds Unrestricted 287,171 Restricted - 9 287,171 |
2021 Total Unrestricted £ 15,746 219,239 500 235,485 (1,920) (396) 233,169 233,169 - 233,169 |
|---|---|
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Newman Holiday Trust
NOTES TO THE ACCOUNTS AT 31 MARCH 2022
1. Basis of Accounting
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
The Trust holds 1000 M&G Charifund Investment Units. Given the value of these assets to the Trust, the Trustees deem it appropriate to reflect these investments on the balance sheet.They are recorded at their market value at the balance sheet date, which is standard accounting treatment for an asset of this type. Movements in market value are reflected separately within 'other gains and losses' in the statement of income and expenditure.
| 2. Donations Regular Donations School and Church Groups Charitable Trusts & Corporate Supporters All of the above donations are from non recurring sources 3. Fundraising Affiliiate Schemes Volunteer Lead Fundraising 4. Direct Holiday Expenditure Food and Accommodation Transport Off-site Entertainments On-site Entertainments Sanitary, Medical and Sundries Holiday Specific Administration |
2022 £ 1,323 3,037 42,520 46,880 2022 £ 279 48,969 49,248 2022 £ 18,762 98 - 2,369 1,561 - 22,790 |
2021 £ - - 30,377 30,377 2021 £ - 67,362 67,362 2021 £ 2,376 330 205 462 - 2,291 5,664 |
|---|---|---|
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| 5. Holiday Overheads | 2022 | 2021 | ||
|---|---|---|---|---|
| £ | £ | |||
| General Holiday Administration | 792 | 645 | ||
| CSCI/ OFSTED registration fees | 875 | 874 | ||
| Holiday insurance | 1,956 | 1,847 | ||
| T-Shirts | 6,668 | - | ||
| Holiday/Volunteer Assessment Costs | 250 | - | ||
| Volunteer Training | - | - | ||
| 10,541 | 3,366 | |||
| 6. Support Costs Newsletters and Leaflets |
2022 £ 6,970 |
2021 £ 4,009 |
||
| 6,970 | 4,009 | |||
| 7. Cash at Bank - Accounts Summary At 31 March the Charity held the following centrally managed accounts: Barclays Current Account Lodge Grinkle Park National Savings (Closed) Barclays Savings Co-Op Main |
2022 £ 129,335 329 13,579 0 4,546 124,169 |
2021 £ 109,116 329 13,578 4,546 - 91,670 |
||
| 271,958 | 219,239 | |||
| Unrestricted fund Restricted fund 8. Statement of movement on funds |
At 31/3/21 Income 233,169 96,663 - - |
Expenditure (42,661) |
Gains & losses - - |
At 31/3/22 287,171 - |
| 233,169 96,663 |
(42,661) | - | 287,171 |
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