NEW ROOTS LIMITED
Provision of accommodation and general support for non priority adult homeless
Financial health, per its FY2025 accounts
The accounts state that the charity generated a deficit of £326,297 for the year ended 28 February 2025, resulting in a decrease in unrestricted funds. Despite this deficit, the charity holds unrestricted reserves of £3,124,027, which the trustees consider sufficient to maintain a stable service and meet contractual liabilities. The trustees have confirmed that the charity has adequate resources to continue in operation for at least twelve months from the date of signing.
What the accounts disclose
“The current level of reserves is to hold a minimum of 3 months operating costs (after exceptional items) at all times.” — page 7
Corporate structure
- Registered company of the charity Companies House 03199738
Company officers (Companies House)
- FOLEY, Kate on trustee list
- CUNNINGHAM, Bentley on trustee list
- BENNETT, Dominic Jon on trustee list
- GOODWIN, Raymond on trustee list
Structured financials (annual return, FY ending 28/02/2022)
Trustees
- Bentley Cunningham
- Dominic Bennett
- Kate Foley
- Raymond Goodwin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £82k | £298k |
| 29/02/2024 | £71k | £253k |
| 28/02/2023 | £26k | £321k |
| 28/02/2022 | £1.9m | £2.9m |
| 31/08/2020 | £2.8m | £2.0m |
Common questions
Is NEW ROOTS LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a deficit of £326,297 for the year ended 28 February 2025, resulting in a decrease in unrestricted funds. Despite this deficit, the charity holds unrestricted reserves of £3,124,027, which the trustees consider sufficient to maintain a stable service and meet contractual liabilities. The trustees have confirmed that the charity has adequate resources to continue in operation for at least twelve months from the date of signing. Its FY2025 accounts were independently examined.