CHARITY REGISTRATION NUMBER: 328464
The Stobart Newlands Charitable Trust
Financial Statements
31st December 2023

The Stobart Newlands Charitable Trust
Financial Statements
Year ended 31st December 2023
Page
Trustees, annual report
Trustees, responsibilities statement
Independent auditor's report to the members
Statement of financial activities
Statement of financial position
Statement of cash flows
10
Notes to the financial statements
11

The Stobart Newlands Charitable Trust
Trustees. Annual Report
Year ended 31st December 2023
The trustees present their report and the financial statements of the charity for the year ended
31 st December 2023.
Reference and administrative details
Registered charity name
The Stobart Newlands Charitable Trust
Charity registration number
328464
Principal office
Mill Croft
Hesket Newmarket
Wigton
Cumbria
CA7 8HP
The trustees
R. J. Stobart
R. A. Stobart
P. J. Stobart
Mrs. L. E. Rigg
Auditor
Lamont Pridmore
Chartered Accountants & statutory auditor
31 Lonsdale Street
Carlisle
Cumbria
CA11BJ
Structure, governance and management
The governing document is a Trust Deed dated 12th December 1989. The Settlors named in the Trust
Deed were Mr. R. J. Stobart, Mrs. M. Stobart and J. Stobart & Sons Limited. The Trust Deed gives
the Settlors power to direct the Trustees to make specific grants and the Trustees have discretion over
the remaining funds. All decisions are taken by the Trustees. There are no employees.
The Trustees are the directors and shareholders of J. Stobart & Sons Limited, which is the principal
contributor to the Trust.
The Trustees have carried out a risk review and have concluded that the Trust is not exposed to any
major risks.

The Stobart Newlands Charitable Trust
Trustees. Annual Report (continued)
Year ended 31st December 2023
Objectives and activities
The objective of the Trust is to make grants to charities and charitable purposes with funds provided
by the settlors and their close family. It aims to provide financial support mainly to Christian religious
and missionary bodies. It has a policy of supporting various such charities on an annual basis but has
not entered into any guarantees or commitments. This objective has remained the same Ihroughout
the life of the Trust and is not expected to change significantly.
The Trustees have had regard to Charity Commission guidance on public benefit and consider that the
Trust's activities as described in this report are for the public benefit.
The Trust relies solely on donations from its Trustees and J. Stobart & Sons Limited to fund its
objective and does not engage in external fund raising.
The Trust also owns a chapel building which it leases for a rent of £2,280 per annum to Hesket
Newmarket Free Church C.l.O. (Charitable Incorporated Organisation) whose charitable object is to
promote the Christian religion.
Achievements and performance
During the year the Trust received donations under Gift Aid totalling £1.356,000 (2022: £1,146,000),
including £1,200,000 (2022- £1,000,000) from J. Stobart & Sons Limited. It made approximately 60
grants to various charities totalling £919,500 {2022- £897.080), the majority to Christian religious and
missionary bodies.
Financial review
The financial position at 31st December 2023 is considered satisfactory. with Unrestricted General
Fund reserves standing at £1,120,296 {2022- £636,245). There are no designated, restricted or
endowment funds.
The Trustees, policy is to hold an adequate level of reserves to ensure some continuity in its support
of its chosen charities in the event of a temporary cessation or reduction in donations received. These
reserves are held as cash in bank deposit accounts.
The principal source of funding is the annual donation from J. Stobart & Sons Limited and this is
expected to continue.
Plans for future periods
No major changes in objectives, sources of funding or activities are anticipated.
The trustees, annual report was approved on 20th September 2024 and signed on behalf of the board
of trustees by:
}]ia
R. J. Stobart
Trustee

The Stobart Newlands Charitable Trust
Trustees. Responsibilities Statement
Year ended 31st December 2023
The trustees are responsible for preparing the trustees, report and the 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 these 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 judgments and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subject to any material
departures 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 adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and 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 hence for
tsking reasonable steps for the prevention and detection of fraud and other irregularities.

The Stobart Newlands Charitable Trust
Independent Auditor's Report to the Members of The Stobart Newlands
Charitable Trust
Year ended 31st December 2023
Opinion
We have audited the financial statements of The Stobart Newlands Charitable Trust (the 'charity') for
the year ended 31st December 2023 which comprise the statement of financial activities, statement of
financial position, statement of cash flows and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting
standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31st December 2023 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)} and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least fwelve months from when the financial
statements are authorised for issue.
Our responsibilities ancl the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

The Stobart Newlands Charitable Trust
Independent Auditor's Report to the Members of The Stobart Newlands
Charitable Trust (Contlnued)
Year ended 31st December 2023
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or othetwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misststement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities Act
2011 requires us to report to you if, in our opinion..
the inft)rmation given in the trustees, report is inconsistent in any material respect with the
financial statements., or
adequate accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and returns-, or
we have not received all the inft)rmation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.

The Stobart Newlands Charitable Trust
Independent Auditor's Report to the Members of The Stobart Newlands
Charitable Trust (continuedj
Year ended 31st December 2023
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
The objectives of our audit in respect of fraud are= to identify and assess the risks of material
misstatement of the financial statements due to fraud- to obtain sufficient appropriate audit evidence
regarding the assessed risks of material misstatement due to fraud, through designing and
implementing appropriate responses to those assessed risks- and to respond appropriately to
instances of fraud or suspected fraud identified during the audit. However, the primary responsibility
for the prevention and detection of fraud rests with the trustees.
Our approach was as follows..
We obtained an understanding of the legal and regulatory requirements applicable to the charity and
considered that the most significant are FRS 102, 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland,, the Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with The Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102} (Charities SORP {FRS 102)) and the Charities Act 2011.
We assessed the risk of material misstatement of the financial statements, including the risk of
material misstatement due to fraud and how it might occur.
We inquired of the trustees as to any known instances of non-compliance or suspected non-
compliance with laws and regulations.
We examined supporting documents for all material balances, transactions and disclosures.
We applied analytical procedures to identify any unusual or unexpected relationships.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and performed our audit in accordance with auditing standards. For example, the further
removed non-compliance with laws and regulations is from the events and transactions reflected in the
financial statements, the less likely the inherently limited procedures required by auditing standards
would identify it.
In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
controls. Our audit procedures are designed to detect material misstatement. We are not responsible
for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws
and regulations.

The Stobart Newlands Charitable Trust
Independent Auditor's Report to the Members of The Stobart Newlands
Charitable Trust (contlnued)
Year ended 31st December 2023
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and mainlain
professional scepticism throughout the audit. We also-.
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the inlernal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the approprialeness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may casl significant doubt on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists. we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charily's members. as a body, in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might state to the charity's members those matters we are required to state to
them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not
accept or assume responsibility to anyone other than the charity and the charity's members as a body.
for our audit work. for this report. or for the opinions we have formed.
Lamont Pridmore
Chartered Accountants & statutory auditor
31 Lonsdale Street
Carlisle
Cumbria
CA1 1BJ
20th September 2024

The Stobart Newlands Charitable Trust
Statement of Financial Activities
Year ended 31st December 2023
2023
Unrestricted
funds Total funds Total funds
2022
Note
Income and endowments
Donations and legacies
Investment income
1,395,000
9,495
1,395,000
9,495
1,182,500
3,332
Total income
1,404,495
1,404,495
1,185,832
Expenditure
Expenditure on charitable activities
Total expenditure
920,444
920,444
897,866
920,444
920,444
897,866
Net income and net movement in funds
484,051
484,051
287,966
Reconciliation of funds
Total funds brought forward
Total funds carried forward
636,245
636,245
1,120,296
348,279
1,120,296
636,245
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 11 to 17 fo￿ part of these financial statements.

The Stobart Newlands Charitable Trust
Statement of Financial Position
31st December 2023
2023
2022
Note
Flxed assets
Tangible fixed assets
11
55,596
55,660
Current assets
Deblors
Cash at bank and in hand
12
4,560
1,060,140
4,560
576,025
1,064,700
580,585
Net current assets
1,064,700
1,120,296
580.585
Total assets less current liabilities
636,245
Funds of the charity
Unrestricted funds
1,120,296
636,245
Total charity funds
13
1.120,296
636,245
These financial statements were approved by the board of trustees and authorised for issue on 20th
September 2024, and are signed on behalf of the board by..
k2Ja
R. J. Stobart
Trustee
The notes on pages 11 to 17 form part of these financial statements.

The Stobart Newlands Charitable Trust
Statement of Cash Flows
Year ended 31st December 2023
2023
2022
Cash flows from operating activities
Net income
484,051
287,966
Adjustments for..
Depreciation of tangible fixed assets
Dividends, interest and rents from investments
other interest receivable and similar income
Interest payable and similar charges
64
(2,280)
(7,215)
69
86
(2,2801
(1,0521
90
Changes in..
Trade and other debtors
{1,530)
283,280
Cash generated from operations
474.689
Interest paid
Interest received
(69)
7,215
(90)
1,052
Net cash from operating activities
481,835
284,242
Cash flows from investing activities
Dividends, interest and rents from investments
2,280
2.280
Net cash from investing activities
2,280
2,280
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
484.115
576.025
286,522
289,503
1,060,140
576,025
The notes on pages 11 to 17 fomi part of these financial statements.
10-

The Stobart Newlands Charitable Trust
Notes to the Financial Statements
Year ended 31st December 2023
General information
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is Mill Croft, Hesket Newmarket, Wigton,
Cumbria, CA7 8HP.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities
SORP (FRS 102)) and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that
affect the application of policies and reported amounts of assets and liabilities, income and
expenses. Any estimate that has a degree of uncertainty or where judgement has been
exercised in a particular area is expressly disclosed within the relevant accounting policy.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects
or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes-. restricted income funds or
endowment funds.
11

The Stobart Newlands Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31st December 2023
Accounting policies (contlnued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
grants are paid out and accounted for immediately on approval by the Trustees. There are no
ongoing guarantees or commitments to specific charities and no liabilities or provisions need to
be recognised.
costs relating to the chapel building are included under activities in furtherance of the charity's
objects.
sundry administration costs and bank charges are included under governance costs.
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those support
costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
12-

The Stobart Newlands Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31st December 2023
Accounting policies (contlnued)
Tangible assets
All fixed assets are initially recorded at cost. The tangible fixed assets in the balance sheet
comprise a chapel building and its associated fixtures and fittings. This was purchased for
charitable purposes and is leased to the Trustees of the chapel. The Trustees do not consider
that its market value is significantly different to cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
25 % reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Ilvhere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that are largely independent
of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where
it is recognised at the present value of the future payments discounted at a market rate of
interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other
onsideration expected to be paid or received and not discounted.
13

The Stobart Newlands Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31st December 2023
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Donations
Donations under Gift Aid
Gift Aid tax refunds
1,356,000
39,000
1,395,000
1,356,000
39,000
1,146,000
36,500
1,146,000
36,500
1,395,000
1,182,500
1,182,500
Investment income
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2023
Funds
2022
Rent receivable
Bank interest receivable
2,280
7,215
2,280
7,215
2,280
1.052
2,280
1,052
9,495
9,495
3,332
3,332
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Charitable activities
Support costs
919,500
944
919,500
944
897,080
786
897,080
786
920,444
920.444
897,866
897,866
14-

The Stobart Newlands Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31st December 2023
Expenditure on charitable activities by activity type
Grant funding
of activities
Support Total funds
costs
2023
Total fund
2022
Charitable activities
Governance costs
919,500
875
69
920,375
69
897,776
90
919,500
944
920,444
897,866
Grants made in furtherance of the charity's objects
Grants made of £10,000 or more to institutions during the year were as follows..
World Vision
Mission Aviation Fellowship
Operation Mobilisation
Every Home Crusade
Faith Mission
Open Air Mission
London City Mission
Keswick M inistries
NISCU North Cumbria
Logos Ministries
250,000
215,000
142,000
28,500
25,000
23,000
23,000
22,000
16,500
761,200
Grants of less than £10,000
158300
Net income
Net income is stated after ¢hargingl{crediting):
2023
2022
Depreciation of tangible fixed assets
64
86
Staff costs
No salaries or wages have been paid to employees during the year12022'. £Nil).
The average head count of employees during the year was Nil12022.' Nil).
No employee received employee benefits of more than £60,000 during the year (2022.. Nill.
15-

The Stobart Newlands Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31st December 2023
10. Trustee remuneration and expenses
None of the trustees received any emoluments or reimbursed expenses during the year {2022.'
£Nil).
11. Tangible fixed assets
Land and Fixtures and
buildings
fittings
Total
Cost
At 1st January 2023 and 31st December 2023
Depreciation
At 1st January 2023
Charge for the year
At 31st December 2023
55,403
15,019
70,422
14,762
64
14,762
64
14,826
14,826
Carrying amount
At 31st December 2023
55,403
193
55,596
At 31st December 2022
55,403
257
55,660
The fixed assets are leased to a connected charity and used for religious purposes.
12. Debtors
2023
2022
Other debtors
4,560
4,560
13. Analysis of charitable funds
Unrestricted funds
At 31st
December
2023
At1.
January 2023
Income Expenditure
General funds
636,245
1,404,495
(920,444) 1,120,296
At 31.
December
2022
At 151
January 2022
Income Expenditure
General funds
348,279
1,185,832
(897,866)
636,245
16-

The Stobart Newlands Charitable Trust
Detailed Statement of Financial Activities
Year ended 31st December 2023
14. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
55,596
1,064,700
55,596
1,064,700
1,120,296
Net assets
1,120,296
Unrestricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
55,660
580,585
55,660
580,585
Net assets
636,245
636,245
15. Analysis of changes in net debt
At
At
1 Jan 2023 Cash flows 31 Dec 2023
Cash at bank and in hand
576,025
484,115
1,060,140
16. Related parties
The Trust owns a freehold chapel building which it leases to Hesket Newmarket Free Church
C.l.O. (Charitable Incorporated Organisation), charity registration number 1193885 and company
number CE025626, for £2,280 per annum. Mr. R. J. Stobart and Mr. P. J. Stobart are also
Director Trustees of Hesket Newmarket Free Church C.l.O.
The Trustees are directors and shareholders of J. Stobart & Sons Limited, a company
incorporated in England. That company is one of the Trust's settlors and donated £1,200,000
12022.. £1,000,000) to the Trust scheme during the year ended 31st December 2023. The
Trustees also made individual gifts to the Trust under the Gift Aid Scheme totalling £156,000
(2022. £146,000).
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