NEW HORIZONS COMMUNITY ENTERPRISE
The promotion of regeneration in areas of social and economic deprivation in the area of Walsall and in particular, Blakenall, Bloxwich East and Leamore, in accordance with the Objects as listed on page 2 of the Memorandum and Articles of Association of the charity.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves totalled £6,894,231, which the trustees consider maintains the policy target of three to six months' expenditure. The charity reported a net decrease in funds of £2,424 for the year, driven by charitable activity expenditure exceeding income, while holding significant cash reserves of £2,680,553.
What the accounts disclose
“£100,001 - £110,000 1” — page 20
“Charitable activities 4 1,139,377 - 1,139,377 886,314 80,000 966,314” — page 11
“It Is the policy of the charlty 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
“The charity's wholly owned subsidiary is New Horizons Enterprises Limited which has not traded throughout the year and which has no assets and only share capital of a £1 ordinary share.” — page 21
Year-over-year changes
- Top pay band moved from £90,001 - £100,000 (FY2024) to £100,001 - £110,000 (FY2025).
- Reserves position vs the charity's own policy moved from "within" (FY2024) to "above" (FY2025).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ROY JONESchair
- ALBERT JOHN HODGKINS
- Dr IAN CHARLES ROBERTSON
- ROBERT HUGHES
- Robert Thomas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2025 accounts: The accounts state that unrestricted reserves totalled £6,894,231, which the trustees consider maintains the policy target of three to six months' expenditure. The charity reported a net decrease in funds of £2,424 for the year, driven by charitable activity expenditure exceeding income, while holding significant cash reserves of £2,680,553. Its FY2025 accounts were audited by bk plus Audit Limited.
What does the highest-paid employee of NEW HORIZONS COMMUNITY ENTERPRISE earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 10/08/2010 | £3k | Non contact Boxing Awards |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Point North Community Foundation | 1 | £882k |
| LOCAL TRUST | 1 | £871k |
| YOUNG CAMDEN FOUNDATION | 1 | £68k |
| THE DUKE OF NORTHUMBERLAND'S CHARITY | 1 | £4k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £2k |
| THE NORTH WALES POLICE AND COMMUNITY TRUST | 1 | £150 |
Charities like this
- GROUNDWORK NORTH EAST
- EAST DURHAM COMMUNITY DEVELOPMENT TRUST LTD
- SHINE@NECHELLSPOD
- NORTH LIVERPOOL REGENERATION COMPANY LTD
- DEESIDE COMMUNITY TRUST
- HAMPSTEAD COMMUNITY ACTION LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW HORIZONS COMMUNITY ENTERPRISE | £1.2m | £100,001 - £110,000 | — | above | — | no doubt |
| GROUNDWORK NORTH EAST | £8.2m | — | — | unclear | — | no doubt |
| EAST DURHAM COMMUNITY DEVELOPMENT TRUST LTD | £1.7m | — | 0 | unclear | — | no doubt |
| SHINE@NECHELLSPOD | £186k | — | 0 | unclear | — | no doubt |
| NORTH LIVERPOOL REGENERATION COMPANY LTD | £0 | — | 0 | unclear | — | no doubt |
| DEESIDE COMMUNITY TRUST | £599k | — | 0 | above | — | no doubt |