**the newman holiday trust** _changes lives_
## **report and financial statements**
for the period ended 31 March 2024
Registration number: 326429
1
||**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**|
2
|**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|
3
## **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
4
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).
5
## **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~~
~~|~~|~~[|~~|~~[|~~
~~|~~|~~[tf~~|~~[tf~~|
|**Total**
~~es ~~
~~|~~|**136**
**£143,123**
~~ee es~~
~~|~~|**£143,123**
**£1,052**
~~es ee ~~
~~[|~~
~~|~~|**132**
~~re~~
~~|~~|**£138,038**
~~[|~~|**£1,046**
~~[|~~
~~|~~|**3%**
~~[tf~~|1%
~~[tf~~|
* 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 -----**
6
## **Meetings**
## _**Trustees**_
The Trustees met formally on two occasions to conduct normal management and administration activities. These included the following areas:
1. Annual review of Trust Strategy 2. Setting the fundraising target and strategy, and managing its delivery
3. Tracking and monitoring of Trust finances
4. 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.
7
## **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
8
## **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
9
## **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**|
10
## **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**|
11
## **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**|
12