NEW LIFE (SCUNTHORPE)
Education /Training. Prevention & relief of poverty, religious activities
Latest income
£721k
Latest spending
£625k
Registered
2008
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that free reserves amounted to £136,368 at year-end, which is above the stated policy target of one quarter of annual operating costs. The charity reported a net income of £95,337 for the year, supported by the sale of a property asset, and holds unrestricted funds of £690,564.
What the accounts disclose
Reserves policy: one quarter of its annual operating costs (held: £136k)
“The charity's reserve policy is to hold no less than the equivalent of one quarter of its annual operating costs in reserve in the form of cash (or other short-term assets that may be realised for their cash value at no more than one month's notice) but noting that Covid-19 and the subsequent recovery has had some impact on its operations.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to trustees
“Remuneration was paid to trustees during the year as disclosed in note 9.” — page 22
“Donations made by trustees during the year amounted to £23,827 (2023: £28,940).” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations made by trustees
“Remuneration was paid to trustees during the year as disclosed in note 9.” — page 22
“Donations made by trustees during the year amounted to £23,827 (2023: £28,940).” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Total income
£721k
Total spending
£625k
Reserves (reported)
£136k
Employees
16
Trustees
- Deana Buttonchair
- Lucy Adcock
- Mark Button
- Paul Silabon
- ROBERT GREEN
- Tapiwa Mukori
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £721k | £625k |
| 31/12/2023 | £588k | £620k |
| 31/12/2022 | £576k | £608k |
| 31/12/2021 | £552k | £582k |
| 31/12/2020 | £585k | £565k |
Common questions
Is NEW LIFE (SCUNTHORPE) financially healthy?
Per its FY2024 accounts: The accounts state that free reserves amounted to £136,368 at year-end, which is above the stated policy target of one quarter of annual operating costs. The charity reported a net income of £95,337 for the year, supported by the sale of a property asset, and holds unrestricted funds of £690,564. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 19/03/2021 | £10k | Family Bank |
| The National Lottery Community Fund | 10/01/2013 | £10k | The House Community Centre Green Room Refurbishment |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SACHS FOUNDATION | 1 | £383k |
Charities like this
- NEW LIFE CHURCH MINISTRIES (SLEAFORD)
- NEW LIFE CHILDREN'S CENTRES
- NEW LIFE CHRISTIAN CENTRE (CROYDON)
- NEW LIFE CHURCH (NORTH LONDON)
- THE NEW LIFE IN CHRIST MINISTRY
- SAVE ONE LIFE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW LIFE (SCUNTHORPE) | £721k | — | 0 | unclear | — | no doubt |
| NEW LIFE CHURCH MINISTRIES (SLEAFORD) | £585k | — | 0 | above | — | no doubt |
| NEW LIFE CHILDREN'S CENTRES | £230k | — | 0 | above | — | no doubt |
| NEW LIFE CHRISTIAN CENTRE (CROYDON) | £1.3m | Under £60,000 | 0 | above | 0.0% | no doubt |
| NEW LIFE CHURCH (NORTH LONDON) | £189k | — | 0 | above | — | no doubt |
| THE NEW LIFE IN CHRIST MINISTRY | £371k | — | 0 | below | — | no doubt |