ADDICTIONS NORTH EAST
Financial health, per its FY2023 accounts
The accounts state that the charity generated a net income of £121,037 for the year ended 31 January 2023, an increase from the previous year's £111,660. Total unrestricted reserves stood at £384,235, while the charity reported a net asset position of £384,235 after accounting for a bank loan liability of £41,126. The trustees confirmed that the financial statements were eligible for independent examination rather than audit.
What the accounts disclose
Funders the charity credits
- UnLtd
Structured financials (annual return, FY ending 31/01/2025)
Trustees
- Anthony David Welsh
- Christopher Potts
- Frank Nicholson
- IAIN WILLIAM KAY
- Stephen David Welch
- Trevor Graham Sharp
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £2.0m | £1.7m |
| 31/01/2024 | £1.2m | £1.2m |
| 31/01/2023 | £793k | £672k |
| 31/01/2022 | £577k | £466k |
| 31/01/2021 | £500k | £369k |
Common questions
Is ADDICTIONS NORTH EAST financially healthy?
The accounts state that the charity generated a net income of £121,037 for the year ended 31 January 2023, an increase from the previous year's £111,660. Total unrestricted reserves stood at £384,235, while the charity reported a net asset position of £384,235 after accounting for a bank loan liability of £41,126. The trustees confirmed that the financial statements were eligible for independent examination rather than audit. Its FY2023 accounts were independently examined.