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NEW DIRECTIONS (RUGBY) LIMITED

Registered charity 1005302 · accounts filings on the Charity Commission register · also known as RUGBY MENCAP HOSTELS

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Latest income
£6.9m
Latest spending
£6.7m
Registered
1991
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity achieved a net income of £70,567 for the year ended 31 March 2023, resulting in total funds of £3,768,643. The trustees report that the charity continues to steadily build its reserves to ensure future security, with unrestricted funds standing at £3,608,759. The auditors confirmed that the use of the going concern basis of accounting is appropriate and identified no material uncertainties.

What the accounts disclose

Accounts audited by Atkinson Finch & Co. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£6.9m
Total spending
£6.7m
Reserves (reported)
£3.7m
Employees
194

Reported reserves equal ~6.7 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Warwickshire

Income and spending

Financial year endIncomeSpending
31/03/2025£6.9m£6.7m
31/03/2024£5.7m£5.6m
31/03/2023£5.2m£5.1m
31/03/2022£4.8m£4.6m
31/03/2021£4.8m£4.5m

Common questions

Is NEW DIRECTIONS (RUGBY) LIMITED financially healthy?

The accounts state that the charity achieved a net income of £70,567 for the year ended 31 March 2023, resulting in total funds of £3,768,643. The trustees report that the charity continues to steadily build its reserves to ensure future security, with unrestricted funds standing at £3,608,759. The auditors confirmed that the use of the going concern basis of accounting is appropriate and identified no material uncertainties. Its FY2023 accounts were audited by Atkinson Finch & Co.