NEW ORFORD TOWN TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,947,896, which the trustees consider sufficient to cover six months of expenditure. The charity reported a net surplus of £53,225 for the year, with total income of £249,692 against total expenditure of £196,467. The trustees confirmed adequate resources for the foreseeable future, adopting the going concern basis without material uncertainty.
What the accounts disclose
“The unrestricted and undesignated reserves of the Trust carried forward are sufficient to cover an average six months’ expenditure. It is the policy of the Trust to hold reserves which are considered the prudent minimum to ensure the work of the Charity continues in an ordered manner from year to year” — page 6
“During the year remuneration of £3,176 (2023: £2,933) was paid to close family of the councillors of Orford & Gedgrave Parish Council.” — page 28
“Amounts due from Orford Sailing Club 2,185”
“During the year remuneration of £3,176 (2023: £2,933) was paid to close family of the councillors of Orford & Gedgrave Parish Council.” — page 28
“Amounts due from Orford Sailing Club 2,185”
“During the year remuneration of £3,176 (2023: £2,933) was paid to close family of the councillors of Orford & Gedgrave Parish Council.” — page 28
“Amounts due from Orford Sailing Club 2,185”
Trustees
- Orford and Gedgrave Parish Council
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £269k | £203k |
| 31/03/2024 | £250k | £196k |
| 31/03/2023 | £240k | £190k |
| 31/03/2022 | £217k | £148k |
| 31/03/2021 | £453k | £141k |
Common questions
Is NEW ORFORD TOWN TRUST financially healthy?
The accounts state that unrestricted reserves stood at £2,947,896, which the trustees consider sufficient to cover six months of expenditure. The charity reported a net surplus of £53,225 for the year, with total income of £249,692 against total expenditure of £196,467. The trustees confirmed adequate resources for the foreseeable future, adopting the going concern basis without material uncertainty. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHEMTOV CHARITABLE TRUST | 1 | £25k |
| PARKLAKE CHARITY TRUST | 1 | £5k |