the newman holiday trust changes lives
report and financial statements
for the period ended 31 March 2025 Registration number: 326429
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Contents
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|REFERENCE AND ADMIN|3|
|TRUSTEES|REPORT|4|
|OuR|HOLIDAY|PROJECTS|IN|2024|6|
|TARGET|CATCHMENT AREAS|6|
|MEETINGS|7|
|TRUSTEES’|RESPONSIBILITIES|STATEMENT|8|
|INDEPENDENT|EXAMINER'S|REPORT|9|
|STATEMENT|OF|INCOME AND|EXPENDITURE|10|
|THE|BALANCE SHEET|11|
|NOTES TO THE|ACCOUNTS|12|
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| Trustees | Dr Anand Chitnis |
|---|---|
| Mr Edmund Couldrey | |
| Mr Mohan Gharial | |
| Mrs Nina Graham | |
| MrThom Harvey | |
| Dr Katherine Martin | |
| Mr Robert Nestor | |
| Mrs Judith Wardlaw | |
| Chairman | Dr Anand Chitnis |
| Treasurer | MrThom Harvey |
| Administrative address | Lowbrook Barn |
| Lancaster Road | |
| Lancaster | |
| Lancashire | |
| LA2 6AL | |
| Charity registration | 326429 |
| number | |
| Principal Bankers | Barclays Bank |
| Colmore Row | |
| Birmingham | |
| B32BY |
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Report of the Trustees for the year ended 31 March 2025
The Trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. 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 2024
There was an increase in the number of young people supported in 2024. The charity ran seven holidays (2023: seven) supporting 149 children (2023: 136).
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 2025
Looking ahead to the summer of 2025, we anticipate running a program of six holidays supporting c.130 children and young people. The key factor limiting the number of holiday places offered is limited by the number of experienced volunteers available to plan and deliver holiday projects.
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Financial Review
At 31 March 2025 the Charity held funds of £287,000 (2024: £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 managea rising cost base.
Risk Management
The charity faces three principal risks:
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e Failing to recruit and retain a safe, reliable and committed team of volunteers to run our holidays
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e Losing access to appropriate and affordable venues to host our holidays e Fundraised income failing to cover the costs necessary to run the holiday’s safely
Reserves Policy
Our target level of funds is £256,000, 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 2025-26, it is anticipated that total expenditure will exceed funds raised in the next financial year by around 5%. This is due to sharp increases in some of our venue costs. We are proactively seeking new sources of funding and are confident we can close this gap on a 12-24 month horizon.
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 (2025: none) and there are no paid staff members (2024: none).
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Holiday Projects Summer 2024
The tables below provide a tabular summary of all the holidays and comparisons with our holiday projects in the previous year.
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Holiday icemanNo.of UMMHolCostOL2024 eeCostie neNo.ofeeSOUMMeN20235HolCost Costi ts ceNo.evoof TN Costae
| Children per Children per Children | Increase
Child Child
South Cental £14,080 | #640 e1a.se6 | £616
West Midlands e1aee1 | £676 fogs | ee | | |
North West £24008 | £1,186 e7.663 | £803
North East exse27 | e1z10 coaro [euiee| - |
Joint Holiday
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- 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.
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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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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
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
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:
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e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the applicable Charities SORP; e make judgements and estimates that are reasonable and prudent;
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e state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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e 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 2025 and signed on their behalf by:
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_Thos
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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 2025, 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:
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e examine the accounts under section 145 of the 2011 Act;
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e 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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e 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: - 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.
Mr P Dennison, ACA, FCCA,
Partner, CWR Accountants
Address: CWR Accountants Lancaster Business Park, 20 Mannin Way, Lancaster LA1 3SW
Date: aolifag
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Newman Holiday Trust
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Total | Total | ||
| Unrestricted | Unrestricted | ||
| Notes | £ | £ | |
| INCOME FROM | |||
| Donations | |||
| Voluntary income | |||
| Donations | 57,135 | 78,569 | |
| Fundraising | 96,000 | 85,296 | |
| Investments | |||
| Investment income | 905 | 860 | |
| Interest | 2,319 | 2,160 | |
| Total Income | 156,359 | 166,885 | |
| Expenditures on | |||
| Raising funds | |||
| Costs of generating voluntary income | 7,158 | 7,356 | |
| Charitable activities | |||
| Direct Holiday Expenditure | 4 | 148,114 | 121,652 |
| Holiday Overheads | 5 | 11,665 | 11,982 |
| Other | |||
| Support Costs | 6 | 3,443 | 3,897 |
| TOTAL EXPENDITURE | 170,380 | 144,887 | |
| NET OPERATING INCOME | (14,021) | 21,998 | |
| Unrealised (losses)/gains on investment assets | = | - | |
| Net income/(expenditure) and net movements in funds | (14,021) | 21,998 | |
| Fund balances brought forward | 300,850 | 278,852 | |
| FUND BALANCES CARRIED FORWARD | |||
| AT31MARCH2025 | 286,829 | 300,850 |
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Newman Holiday Trust
BALANCE SHEET AT 31 MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Total | Total | ||
| Unrestricted | Unrestricted | ||
| Notes | £ | £ | |
| Current assets | |||
| Investments | 15,746 | 15,746 | |
| Cash at bank | 7 | 268,691 | 275,359 |
| Prepayments | 2,392 | 9,745 | |
| Total Current Assets | 286,829 | 300,850 | |
| Current Liabilities | |||
| Creditors | - | - | |
| Net assets | 8 | 286,829 | 300,850 |
| Funds | |||
| Unrestricted | 286,829 | 300,850 | |
| Restricted | - | - | |
| 8 | 286,829 | 300,850 |
These financial statements were approved by the board of trustees and authorised for issue on the 2nd November 2025 and are signed on behalf of the board by:
_Thos
Thom Harvey, Treasurer
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Newman Holiday Trust
NOTES TO THE ACCOUNTS AT 31 MARCH 2025
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 | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Regular Donations | 7,935 | 6,424 | |
| Gifts in Wills | - | 5,000 | |
| Charitable Trusts & Corporate Supporters | 49,200 | 67,145 | |
| 57,135 | 78,569 | ||
| 3. | Fundraising | 2025 | 2024 |
| £ | £ | ||
| Affiliiate Schemes | 130 | 155 | |
| Merchandise Sales | 1,736 | - | |
| Volunteer Lead Fundraising | 94,134 | 85,141 | |
| 96,000 | 85,296 | ||
| 4. | Direct Holiday Expenditure | 2025 | 2025 |
| £ | £ | ||
| Food and Accommodation | 101,375 | 89,559 | |
| Transport Off-site Entertainments |
14,604 11,901 |
11,918 7,686 |
|
| On-site Entertainments | 14,776 | 8,528 | |
| Sanitary, Medical and Sundries | 2,834 | 2,276 | |
| Holiday Specific Administration | 2,624 | 1,685 | |
| 148,114 | 121,652 |
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Newman Holiday Trust
NOTES TO THE ACCOUNTS AT 31 MARCH 2025
| 5. Holiday Overheads | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| General Holiday Administration | 2,455 | 2,681 | |||
| CSCI/ OFSTED registration fees | 1,356 | 1,374 | |||
| Holiday insurance | 2,402 | 2,291 | |||
| T-Shirts | 3,729 | 3,610 | |||
| Holiday/Volunteer Assessment Costs | 300 | 297 | |||
| Volunteer Training and Meetings | 1,423 | 1,729 | |||
| 11,665 | 11,982 | ||||
| 6. Support Costs | 2025 | 2024 | |||
| £ | £ | ||||
| Newsletters and Leaflets | 3,443 | 3,897 | |||
| 3,443 | 3,897 | ||||
| 7. Cash at Bank - Accounts Summary | 2025 | 2024 | |||
| At 31 March the Charity held the following | centrally managed accounts: | £ | £ | ||
| Barclays CurrentAccount | 46,924 | 34,675 | |||
| Barclays Savings | 4,770 | 44,432 | |||
| Co-Op Main | 214,410 | 196,252 | |||
| Other | 2,587 | - | |||
| 268,691 | 275,359 | ||||
| 8. Statement ofmovement on funds | |||||
| At 31/3/24 | Income | Expenditure | Gains &losses | At 31/3/25 | |
| Unrestricted fund | 300,850 | 156,359 | (170,380) | - | 286,830 |
| Restricted fund | - | - | - | - | |
| 270,533 | 156,359 | (170,380) | - | 286,830 |
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