Newcare Housing Society
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net decrease in funds of £2,121 for the year ended March 2023, resulting in unrestricted reserves of £23,776. Per the trustees' report, this reserve level is below their stated policy target of covering three to six months of costs. The charity had no employees during the year and is controlled by its board of trustees.
What the accounts disclose
Trustees
- Jennifer Price
- Lawrence Vaughan James
- Trevor Price
- VALERIE CHRISTINE HOLMES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £332k | £291k |
| 31/03/2024 | £259k | £280k |
| 31/03/2023 | £91k | £93k |
| 31/03/2022 | £106k | £102k |
| 31/03/2021 | £124k | £228k |
Common questions
Is Newcare Housing Society financially healthy?
The accounts state that the charity reported a net decrease in funds of £2,121 for the year ended March 2023, resulting in unrestricted reserves of £23,776. Per the trustees' report, this reserve level is below their stated policy target of covering three to six months of costs. The charity had no employees during the year and is controlled by its board of trustees. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CSIS CHARITY FUND | 1 | £75k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £35k |
| DRAPERS CHARITABLE FUND | 1 | £20k |
| NFL FOUNDATION UK | 1 | £13k |
| BEYOND SPORT FOUNDATION | 1 | £9k |
| CHAPMAN CHARITABLE TRUST | 1 | £2k |
| CBRE UK CHARITABLE TRUST | 1 | £750 |