NEW GROUND CHURCHES
Financial health, per its FY2024 accounts
The accounts state that free reserves of £78,009 are maintained, which the trustees consider more than adequate against their policy target of two to three months of regular income (£56,000). The charity reported a net incoming resource of £33,536 for the year, with unrestricted funds totaling £224,239 and restricted funds of £4,970.
What the accounts disclose
“Apart from David Holden and Dale Barlow no other employees had annual emoluments of £60,000 or more.”
“It is the charity’s policy is to maintain free reserves at a level between two to three months of regular income (£56,000).” — page 7
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Corporate structure
- Registered company of the charity Companies House 06281483
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DALE MICHAEL BARLOW
- DAVID HOLDEN
- David Paul Rowsell
- ROBERT CHARLES PATRICK GWYNN
- Timothy Gordon Wort
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £655k | £621k |
| 31/12/2023 | £637k | £599k |
| 31/12/2022 | £575k | £625k |
| 31/12/2021 | £487k | £458k |
| 31/12/2020 | £503k | £557k |
Common questions
Is NEW GROUND CHURCHES financially healthy?
The accounts state that free reserves of £78,009 are maintained, which the trustees consider more than adequate against their policy target of two to three months of regular income (£56,000). The charity reported a net incoming resource of £33,536 for the year, with unrestricted funds totaling £224,239 and restricted funds of £4,970. Its FY2024 accounts were independently examined.
Who funds NEW GROUND CHURCHES?
Funders whose own accounts filings name NEW GROUND CHURCHES as a grant recipient include NEW COMMUNITY CHURCH S.E. LONDON.
Known funders
| Funder | Year | Amount |
|---|---|---|
| NEW COMMUNITY CHURCH S.E. LONDON | FY2023 | £90k |
| NEW COMMUNITY CHURCH S.E. LONDON | FY2022 | £62k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| THE FYRISH FOUNDATION | 1 | £10k |