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NEW HORIZONS COMMUNITY ENTERPRISE

Registered charity 1098036 · accounts filings on the Charity Commission register · also known as NEW DEAL: NEW HORIZONS

Latest income
£1.2m
Latest spending
£1.2m
Registered
2003
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves of £1,647,839 are maintained within the charity's stated policy target of three to six months' expenditure. The charity generated a net surplus of £12,751 for the year, supported by rental income of £850,321, while incurring charitable expenditure of £1,067,016. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — above the median for charities its size (£76k)
“The number of employees whose annual remuneration was more than £60,000 is as follows: £90,001 - £100,000 1” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of employees whose annual remuneration was more than £60,000 is as follows: £90,001 - £100,000 1” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three to six months' expenditure (held: £1.6m)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: New Horizons Enterprises Limited
“The charity's wholly owned subsidiary, New Horizons Enterprises Limited, did not trade during the year.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by M T Manley & Co Limited.

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

Total income
£1.2m
Total spending
£1.2m
Reserves (reported)
£1.8m
Employees
7

Reported reserves equal ~17.8 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Walsall

Income and spending

Financial year endIncomeSpending
31/03/2025£1.2m£1.2m
31/03/2024£1.1m£1.1m
31/03/2023£1.1m£1.0m
31/03/2022£1.2m£1.0m
31/03/2021£1.0m£833k

Common questions

Is NEW HORIZONS COMMUNITY ENTERPRISE financially healthy?

The accounts state that unrestricted reserves of £1,647,839 are maintained within the charity's stated policy target of three to six months' expenditure. The charity generated a net surplus of £12,751 for the year, supported by rental income of £850,321, while incurring charitable expenditure of £1,067,016. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by M T Manley & Co Limited.

What does the highest-paid employee of NEW HORIZONS COMMUNITY ENTERPRISE earn?

Per its FY2024 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
Point North Community Foundation1£882k
HOLMFIELD CHARITABLE TRUST1£202k
MENDAN LIMITED1£27k
CML - CHEVRAS MO'OZ LADOL1£21k
SAYSER DEVELOPMENTS LTD1£21k
THE HOLDEN CHARITABLE TRUST1£13k
S C K CHARITABLE TRUST1£11k
EZRAS YOEL1£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with EAST DURHAM COMMUNITY DEVELOPMENT TRUST LTD.