NEAR NEIGHBOURS
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £110k against charitable expenditure of £382k, resulting in a year-end restricted reserves balance of £266k. The trustees note that while the charity benefits from significant government funding, there is no written confirmation of future funding, though a letter of support from the parent company mitigates this risk.
What the accounts disclose
“It is recognised that Near Neighbours benefits from regular and significant funding from DLUHC. At the date of approval of these financial statements there is no written confirmation that funding may continue in the future. In light of this matter, Near Neighbours has received a letter of support from its parent company, Church Urban Fund (CUF), that in the event of funds not materialising CUF will support the activities of Near Neighbours in the short term to ensure that it continues as a going concern.” — page 8
“Near Neighbours paid CUF a grant of £4k (2022: £110k) to administer the Small Grants programme.” — page 24
“Near Neighbours made a contribution of £187k (2022: £187k) to CUF for the administration of the overall programme.” — page 24
“Near Neighbours paid CUF a grant of £4k (2022: £110k) to administer the Small Grants programme.” — page 24
“Near Neighbours made a contribution of £187k (2022: £187k) to CUF for the administration of the overall programme.” — page 24
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Catriona Anne Elizabeth Robertson
- Katherine Hodkinson
- Rev Canon Jenny Ramsden
- Rev Jessica Beatrice Foster
- Rev Rogers Morgan Govender
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £605k | £642k |
| 31/12/2023 | £491k | £381k |
| 31/12/2022 | £525k | £520k |
| 31/12/2021 | £2.3m | £2.2m |
| 31/12/2020 | £900k | £1.0m |
Common questions
Is NEAR NEIGHBOURS financially healthy?
The accounts state that the charity reported a net income of £110k against charitable expenditure of £382k, resulting in a year-end restricted reserves balance of £266k. The trustees note that while the charity benefits from significant government funding, there is no written confirmation of future funding, though a letter of support from the parent company mitigates this risk. Its FY2023 accounts were audited by Forvis Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CATHERINE'S, WAKEFIELD | 1 | £63k |
| THE VIVIENNE AND SAMUEL COHEN CHARITABLE TRUST | 1 | £11k |
| THE LAUFFER FAMILY CHARITABLE TRUST | 1 | £7k |
| The Edge Ministries | 1 | £3k |