NEW WAYS
Financial health, per its FY2023 accounts
The accounts state that total funds increased to £311,287, with unrestricted reserves of £148,145 exceeding the trustees' stated minimum policy target of £50,000. The charity reported a net income of £24,910, supported by significant restricted funding from grant-making organisations, while maintaining low administrative costs through volunteer support.
What the accounts disclose
“The trustees propose to maintain the charity's reserves at a minimum level of £50,000” — page 6
Trustees
- Lenny Jilochair
- ANGELA PAT DOCHERTY
- Caroline Josephine Bradley
- FRANCK MARGAIN
- Scholastica Wamalwa
- Stuart Garner
- WILLIAM CARSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £396k | £361k |
| 31/12/2023 | £460k | £435k |
| 31/12/2022 | £485k | £456k |
| 31/12/2021 | £430k | £360k |
| 31/12/2020 | £281k | £347k |
Common questions
Is NEW WAYS financially healthy?
The accounts state that total funds increased to £311,287, with unrestricted reserves of £148,145 exceeding the trustees' stated minimum policy target of £50,000. The charity reported a net income of £24,910, supported by significant restricted funding from grant-making organisations, while maintaining low administrative costs through volunteer support. Its FY2023 accounts were audited by WDM.
Who funds NEW WAYS?
Funders whose own accounts filings name NEW WAYS as a grant recipient include ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT, THE RAINFORD TRUST, THE PETER STEBBINGS MEMORIAL CHARITY, CBRE UK CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | FY2024 | £5k |
| THE RAINFORD TRUST | FY2023 | £5k |
| THE PETER STEBBINGS MEMORIAL CHARITY | FY2023 | £3k |
| CBRE UK CHARITABLE TRUST | FY2023 | £500 |
| THE PETER STEBBINGS MEMORIAL CHARITY | FY2024 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BLOOM FOUNDATION | 1 | £143k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHIPPENHAM (ST ANDREW) WITH TYTHERTON LUCAS | 1 | £3k |