the newman holiday trust changes lives
report and financial statements
for the period ended 31 March 2024
Registration number: 326429
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| Contents | ||
|---|---|---|
| REFERENCE ANDADMIN | 3 | |
| TRUSTEESREPORT | 4 | |
| OURHOLIDAYPROJECTS IN2023 | 6 | |
| TARGETCATCHMENTAREAS | 6 | |
| MEETINGS | 7 | |
| DETAILS OFTRUSTEES | 7 | |
| INDEPENDENTEXAMINER'S REPORT | 9 | |
| STATEMENT OFINCOME ANDEXPENDITURE | 10 | |
| THEBALANCESHEET | 11 | |
| NOTES TO THEACCOUNTS | 12 |
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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(Retired 2 November 2025) | |
| 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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Report of the Trustees for the year ended 31 March 2024
The Trustees present their annual report and financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.
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 2023
There was a small increase in the number of young people supported in 2023. The charity ran seven holidays (2022: seven) supporting 136 children (2022: 132). The total number of children supported in 2023 was limited by the number of volunteer carers we were able to recruit.
Our volunteers report that demand for our services is greater than ever before and we are pleased to grow our provision. The charity has retained its top ‘Outstanding’ OFSTED rating following this year’s inspection.
Looking ahead to 2024
Looking ahead to the summer of 2024, we anticipate running a full program of seven holidays supporting c.150 children and young people. After three years of lower activity, we will be investing
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particular attention to the recruitment of volunteers and ensuring that our holidays benefit those most in need.
Financial Review
At 31 March 2024 the Charity held funds of £301,000. This amounts to approximately of 22 months funding. These funds have accrued from the continued generosity of our donors and hard work of our volunteers who have increased fundraising to support the charity to manage a rising cost base..
Risk Management
The charity faces three principal risks:
-
Failing to recruit and retain a safe, reliable and committed team of volunteers to run our holidays
-
Losing access to appropriate and affordable venues to host our holidays
-
Fundraised income failing to cover the costs necessary to run the holiday’s safely
Reserves Policy
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.
Despite the higher level of funds held at the end of this period, the charity remains cautious about the outlook for 2024-25, it is anticipated that total expenditure will exceed funds raised in the next financial year. 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 (2023: none) and there are no paid staff members (2023: none).
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Holiday Projects Summer 2023
The tables below provide a tabular summary of all the holidays and comparisons with our holiday projects in the previous year.
| Holiday ~~ee~~ |
Summer 2023 | Summer 2023 | Summer 2022 | Summer 2022 | Summer 2022 | % Yr/Yr | % Yr/Yr |
|---|---|---|---|---|---|---|---|
| No. of Children Hol Cost ~~ee~~ ~~es~~ |
Hol Cost Cost per Child No. of Children ~~eseees~~ |
No. of Children ~~es~~ |
Hol Cost ~~es~~ |
Cost per Child ~~es es~~ |
Child No. of Children ~~es~~ |
Cost Increase |
|
| Scotland ~~ee~~ ~~ee~~ |
20 £27,597 ~~ee~~ ~~es~~ ~~es es~~ |
£27,597 £1,380 ~~eseees~~ ~~eseeeees~~ |
15 ~~es~~ ~~ees~~ |
£27,597 ~~es~~ ~~es~~ |
£1,840 ~~es es~~ ~~es~~ |
- ~~es~~ |
- |
| London ~~ee~~ ~~ee~~ ~~ee~~ |
16 £18,395 ~~ee~~ ~~es~~ ~~es es~~ ~~es~~ ~~es~~ |
£18,395 £1,150 ~~es ee es~~ ~~eseeeees~~ ~~es~~ ~~eeeees~~ |
16 ~~es~~ ~~ees~~ ~~ees~~ |
£18,395 ~~es ~~ ~~es~~ ~~ees~~ |
£1,150 ~~es es~~ ~~es~~ ~~es~~ |
0% ~~es~~ ~~en~~ |
0% |
| South East ~~ee~~ ~~ee~~ ~~ee~~ |
17 £22,844 ~~es es~~ ~~es~~ ~~es~~ ~~esee~~ |
£22,844 £1,344 ~~es eee ees~~ ~~es~~ ~~eeeees~~ ~~eeeeeees~~ |
20 ~~ees~~ ~~ees~~ ~~ees~~ |
£22,844 ~~es ~~ ~~ees~~ ~~ees~~ |
£1,142 ~~es~~ ~~es~~ ~~es~~ |
- ~~en~~ |
- |
| South Central ~~ee ~~ ~~ee~~ ~~ee~~ |
22 £13,585 ~~es~~ ~~es~~ ~~esee~~ ~~ee~~ ~~es~~ |
£13,585 £618 ~~es~~ ~~eee ees~~ ~~eeeeeees~~ ~~eseeees~~ |
21 ~~ees ~~ ~~ees~~ ~~ees~~ |
£13,585 ~~ees ~~ ~~ees~~ ~~es~~ |
£647 ~~es~~ ~~es~~ ~~es~~ |
5% ~~en~~ ~~es~~ |
-5% |
| West Midlands ~~ee~~ ~~ee~~ ~~es~~ |
21 £10,578 ~~es ee~~ ~~ee~~ ~~es~~ ~~eees~~ |
£10,578 £504 ~~ee eee ees~~ ~~eseeees~~ ~~esee~~ |
20 ~~ees ~~ ~~ees~~ |
£10,578 ~~ees ~~ ~~es~~ |
£529 ~~es~~ ~~es~~ |
- ~~es~~ |
- |
| North West ~~ee ~~ ~~es~~ ~~ee~~ |
22 £17,663 ~~ee~~ ~~es~~ ~~eees~~ ~~es~~ ~~es~~ |
£17,663 £803 ~~es ee ees~~ ~~esee~~ ~~eseeeee~~ |
22 ~~ees ~~ ~~eee~~ |
£17,663 ~~es ~~ ~~es~~ |
£803 ~~es~~ ~~es~~ |
0% ~~es~~ ~~ee~~ |
0% |
| North East ~~es~~ ~~ee~~ ~~—~~ ~~Yr~~ |
18 £20,479 ~~ee es~~ ~~es~~ ~~es~~ ~~YrrE]~~ |
£20,479 £1,138 ~~es ee~~ ~~eseeeee~~ ~~rE]~~ |
18 ~~eee~~ ~~rE]~~ |
£20,479 ~~es~~ ~~rE]~~ |
£1,138 ~~es~~ ~~rE]~~ |
- ~~ee~~ ~~rE]~~ |
- ~~rE]~~ |
| ~~ee~~ ~~—~~ ~~Yr~~ |
~~es~~ ~~es~~ ~~YrrE]~~ |
~~es ee eee~~ ~~rE]~~ |
~~eee ~~ ~~rE]~~ |
~~es ~~ ~~rE]~~ |
~~es ~~ ~~rE]~~ |
~~ee~~ ~~rE]~~ |
~~rE]~~ |
| Joint Holiday Expense ~~—~~ ~~Yr~~ ~~a ~~ ~~es~~ |
- £11,982 ~~YrrE]~~ ~~a~~ ~~eees~~ |
£11,982 ~~rE]~~ ~~esee~~ |
- ~~rE]~~ ~~re~~ |
£6,897 ~~rE]~~ |
~~rE]~~ | ~~rE]~~ | ~~rE]~~ |
| ~~es~~ ~~ |
~~ | ~~eees~~ ~~ |
~~ | ~~esee~~ ~~[ |
~~ ~~ |
~~ | ~~re~~ ~~ |
| Total ~~es ~~ ~~ |
~~ | 136 £143,123 ~~ee es~~ ~~ |
~~ | £143,123 £1,052 ~~es ee ~~ ~~[ |
~~ ~~ |
~~ | 132 ~~re~~ ~~ |
- 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
— S| of
Greater London
oo Cd
Somerset & Wiltshire
Oxfordshire
——
----- 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:
-
Annual review of Trust Strategy 2. Setting the fundraising target and strategy, and managing its delivery
-
Tracking and monitoring of Trust finances
-
Planning, agreeing and managing the delivery of the holiday projects
Details of Trustees
The trustees at the end of the year stood as follows: 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 (Retired 2 November 2025)
Notice of Financial Interest
The Trustees have no other personal financial interests in the Trust’s activities.
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Trustees’ responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period. In preparing the financial
statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the trustees on 2 November 2024 and signed on their behalf by:
Thom Harvey, Treasurer
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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 2023, which are set out on pages 10 to 13.
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
-
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:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
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
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr P Dennison, ACA, FCCA,
Partner, CWR Accountants
Address: CWR Accountants Lancaster Business Park, 20 Mannin Way, Lancaster LA1 3SW Date: 27 January 2025
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Newman Holiday Trust
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Total Unrestricted Notes £ INCOME FROM Donations Voluntary income Donations 78,569 Fundraising 85,296 Investments Investment income 860 Interest 2,160 Total Income 166,885 Expenditures on Raising funds Costs of generating voluntary income 7,356 Charitable activities Direct Holiday Expenditure 4 121,652 Holiday Overheads 5 11,982 Other Support Costs 6 3,897 TOTAL EXPENDITURE 144,887 NET OPERATING INCOME 21,998 Unrealised (losses)/gains on investment assets - Net income/(expenditure) and net movements in funds 21,998 Fund balances brought forward 278,852 FUND BALANCES CARRIED FORWARD AT 31 MARCH 2024 300,850 |
2023 Total Unrestricted £ 87,933 48,453 705 529 |
|---|---|
| 137,620 | |
| 7,901 131,141 6,476 421 |
|
| 145,939 (8,319) - |
|
| (8,319) 287,171 |
|
| 278,852 |
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Newman Holiday Trust
BALANCE SHEET AT 31 MARCH 2024
| 2024 Total Unrestricted Notes £ Current assets Investments 15,746 Cash at bank 7 275,359 Prepayments 9,745 Total Current Assets 300,850 Current Liabilities Creditors - Net assets 8 300,850 Funds Unrestricted 300,850 Restricted - 8 300,850 |
2023 Total Unrestricted £ 15,746 265,996 1,682 283,424 (4,572) |
|---|---|
| 278,852 | |
| 278,852 - |
|
| 278,852 |
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Newman Holiday Trust
NOTES TO THE ACCOUNTS AT 31 MARCH 2024
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 Gifts in Wills 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 |
2024 £ 6,424 5,000 67,145 78,569 2024 £ 155 85,141 85,296 2024 £ 89,559 11,918 7,686 8,528 2,276 1,685 121,652 |
2023 £ 1,603 0 86,330 |
|---|---|---|
| 87,933 | ||
| 2023 £ 284 48,169 |
||
| 48,453 | ||
| 2023 £ 94,641 12,169 8,291 9,377 5,939 724 |
||
| 131,141 |
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