NEWSTRAID BENEVOLENT FUND
Financial health, per its FY2023 accounts
The accounts state that total income declined slightly to £1.99m while expenditure increased to £1.82m, resulting in a net surplus of £0.17m. The charity holds £6.5m in free reserves against a policy target of five years' current expenditure (calculated at £6.4m), indicating a comfortable buffer. However, the trustees note that retailer income is in decline and long-term forecasts suggest free reserves will eventually be needed to fund cash flow as investment income can no longer bridge the gap.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Adrian Hugheschair
- INGRID JONES
- John Bardsley
- Jonathan Mark Gilhespie
- Lucinda Robertson
- Mark England
- Michael Mirams
- Mylene Sylvestre
- Parin Gohil
- Shaun Jones
- Surjit Khunkhun
- Tracy O'Sullivan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £2.0m | £1.8m |
| 31/12/2024 | £2.0m | £1.8m |
| 31/12/2023 | £2.0m | £1.8m |
| 31/12/2022 | £2.0m | £1.7m |
| 31/12/2021 | £1.8m | £1.5m |
Common questions
Is NEWSTRAID BENEVOLENT FUND financially healthy?
The accounts state that total income declined slightly to £1.99m while expenditure increased to £1.82m, resulting in a net surplus of £0.17m. The charity holds £6.5m in free reserves against a policy target of five years' current expenditure (calculated at £6.4m), indicating a comfortable buffer. However, the trustees note that retailer income is in decline and long-term forecasts suggest free reserves will eventually be needed to fund cash flow as investment income can no longer bridge the gap. Its FY2023 accounts were audited by Alwyns LLP.