NEWPORT CAB
Financial health, per its FY2023 accounts
The accounts state that unrestricted free reserves stood at £435,505, which is below the trustees' stated policy target of approximately £280,000 (three months of operating costs). The charity reported a net income increase for the year, with total incoming resources of £1,527,780 against expenditure of £1,496,750, resulting in a positive net movement in funds of £31,030.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Andrew Blackmore
- Donald Francis Reed
- JONATHAN DAVID HINE
- James William Hutton
- Jeremy Skuse
- Lee Terrence Sparey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.5m | £1.5m |
| 31/03/2024 | £1.5m | £1.5m |
| 31/03/2023 | £1.5m | £1.5m |
| 31/03/2022 | £1.4m | £1.4m |
| 31/03/2021 | £1.3m | £1.3m |
Common questions
Is NEWPORT CAB financially healthy?
The accounts state that unrestricted free reserves stood at £435,505, which is below the trustees' stated policy target of approximately £280,000 (three months of operating costs). The charity reported a net income increase for the year, with total incoming resources of £1,527,780 against expenditure of £1,496,750, resulting in a positive net movement in funds of £31,030. Its FY2023 accounts were audited by MHA.