| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| New Horizon Trust Limited |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| New Horizon Trust Limited |
| New Horizon Trust Limited |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| New Horizon Trust Limited (Registered number: 08215381) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| New Horizon Trust was established in 2012 to act as a resource for young people up to the age of 25 living in Nottingham, by providing advice and assistance and organising programmes of physical, educational and other activities. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| New Horizon Trust provides a range of activities and support arrangements for young people in one of the most deprived areas of Nottingham. It's aim is to divert youngsters from antisocial behaviour and utilise their time more constructively through activities and sports related events. |
| New Horizon Trust aims to promote integrational work in order to tackle social isolation and promote community cohesion through a series of events which involve children and youth. |
| The project aims to: |
| - create better life chances, opportunities and empower young people to access and develop appropriate services for themselves and their peers. |
| - encourage young people from deprived communities to effect positive change and support them to achieve their full potential through sports related activities. |
| The football club established in 2021/22 continues to receive good support and other youth club activities which include pool, badminton, table tennis, PSF, table football etc continue to show strong demand. The aim is to increase this number and promote our activities to the wider community. |
| FINANCIAL REVIEW |
| Financial position |
| £24,870 income was received in 2024/25 (£25,039 - 2023/24) from a combination of donations, sponsorships and grants. £25,615 (£20,876 - 2023/24) was spent on delivering projects, activities and overhead costs. The £745 shortfall was funded from reserves. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| New Horizon Trust Limited (Registered number: 08215381) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Company Secretary |
| Independent Examiner |
| M Ahmed & Co Accountants Ltd |
| Chartered Accountants |
| 83 Park Road |
| Chilwell |
| Nottingham |
| NG9 4DE |
| GOING CONCERN |
| The charity does not have any permanent sources of income and so is wholly dependent on raising donations and grants to support its projects and activities. The trustees remain confident of being able to attract further income. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| New Horizon Trust Limited |
| Independent examiner's report to the trustees of New Horizon Trust Limited ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
| Maqbool Ahmed |
| The Institute of Chartered Accountants in England and Wales |
| M Ahmed & Co Accountants Ltd |
| Chartered Accountants |
| 83 Park Road |
| Chilwell |
| Nottingham |
| NG9 4DE |
| 2 December 2025 |
| New Horizon Trust Limited |
| Statement of Financial Activities |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities | 2 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | 3,823 |
| New Horizon Trust Limited (Registered number: 08215381) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Debtors | 10 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 11 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 12 |
| Unrestricted funds | (1,580 | ) |
| Restricted funds | 5,403 |
| TOTAL FUNDS | 3,823 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| New Horizon Trust Limited |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Computer equipment | - |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| Fund accounting |
| General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. |
| Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. |
| Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. |
| New Horizon Trust Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | OTHER TRADING ACTIVITIES |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Fundraising events |
| Sponsorships | 500 | - |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Accountancy fees | 840 | 800 |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| 5. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 31.3.25 | 31.3.24 |
| Support staff |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| New Horizon Trust Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | (340 | ) | - | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | (1,580 | ) | 5,403 | 3,823 |
| 7. | GRANTS RECEIVED |
| The following grants and donations were received to further the activities of the charity. |
| 2025 | 2024 |
| Restricted | Unrestricted | Total | Total |
| Donor | £ | £ | £ | £ |
| Karimia Association | 3,611 | 1,389 | 5,000 | 9,240 |
| Muslim Hands | 9,500 | 0 | 9,500 | 10,120 |
| Others | 500 | 1,613 | 2,113 | 4,909 |
| Total | 13,611 | 3,002 | 16,613 | 24,269 |
| 8. | GOING CONCERN |
| The charity does not have any permanent sources of income and so is wholly dependent on raising donations and grants to support its projects and activities. The trustees remain confident of being able to attract further income. |
| 9. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 April 2024 and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| New Horizon Trust Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Accrued expenses |
| 12. | MOVEMENT IN FUNDS |
| Net |
| movement |
| At 1.4.24 | in funds | At 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (1,580 | ) | 1,580 | - |
| Restricted funds |
| Restricted fund | 5,403 | (2,325 | ) | 3,078 |
| TOTAL FUNDS | (745 | ) | 3,078 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,002 | (1,422 | ) | 1,580 |
| Restricted funds |
| Restricted fund | 21,868 | (24,193 | ) | (2,325 | ) |
| TOTAL FUNDS | ( |
) | (745 | ) |
| Comparatives for movement in funds |
| Net |
| movement |
| At 1.4.23 | in funds | At 31.3.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (340 | ) | (1,240 | ) | (1,580 | ) |
| Restricted funds |
| Restricted fund | - | 5,403 | 5,403 |
| TOTAL FUNDS | (340 | ) | 4,163 | 3,823 |
| New Horizon Trust Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 12. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 85 | (1,325 | ) | (1,240 | ) |
| Restricted funds |
| Restricted fund | 24,954 | (19,551 | ) | 5,403 |
| TOTAL FUNDS | 25,039 | (20,876 | ) | 4,163 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement |
| At 1.4.23 | in funds | At 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (340 | ) | 340 | - |
| Restricted funds |
| Restricted fund | - | 3,078 | 3,078 |
| TOTAL FUNDS | (340 | ) | 3,418 | 3,078 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,087 | (2,747 | ) | 340 |
| Restricted funds |
| Restricted fund | 46,822 | (43,744 | ) | 3,078 |
| TOTAL FUNDS | 49,909 | (46,491 | ) | 3,418 |
| 13. | RELATED PARTY DISCLOSURES |