NEW LIGHT (NORTH OF ENGLAND)
Providing support for the development of art and disabled artists
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £33,701 for the year, reducing its total funds from £185,169 to £151,468. The trustees report material uncertainties regarding the charity's ability to continue as a going concern due to the loss of a major funder and a reduction in regular donations. Despite these risks, the charity maintains sufficient unrestricted reserves of £91,468 to cover liabilities as they fall due.
What the accounts disclose
“The Trustees have assessed that the going concern basis is appropriate but that there are material uncertainties about the charity's ability to continue as a going concern.” — page 5
Register events
- Received assets from another charity (06/04/2022)
Trustees
- ANNETTE PETCHEYchair
- Dr Phyllis Johnson
- Euan Thomas Cartwright
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £85k | £119k |
| 31/12/2023 | £155k | £95k |
| 31/12/2022 | £52k | £78k |
| 31/12/2021 | £148k | £143k |
| 31/12/2020 | £116k | £97k |
Common questions
Is NEW LIGHT (NORTH OF ENGLAND) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £33,701 for the year, reducing its total funds from £185,169 to £151,468. The trustees report material uncertainties regarding the charity's ability to continue as a going concern due to the loss of a major funder and a reduction in regular donations. Despite these risks, the charity maintains sufficient unrestricted reserves of £91,468 to cover liabilities as they fall due. Its FY2024 accounts were independently examined.