NEWCOURT COMMUNITY ASSOCIATION
To benefit the residents of the Newcourt district of Exeter, Devon and its neighbourhood by:* communicating local information, gathering and considering residents' ideas and opinions;* designing, managing and promoting local community activities* consulting and liaising with local authorities and other relevant parties* managing the Newcourt Community Centre
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £10,938 for the year ended 31 December 2024, driven by a deficit on community activities offset by a small trading surplus. Per the trustees' report, unrestricted cash reserves stood at £73,753, with a stated contingency reserve target of £50,000 to ensure continued operations. The trustees note that rising costs and the loss of a rent grant make maintaining a surplus more challenging in the coming year.
What the accounts disclose
“The Charity's principal source of funding is hire income from letting the space at the community centre £95,413.” — page 6
“This contingency reserve is valued at £50,000.” — page 6
Property (HM Land Registry)
Trustees
- Gordon Edwards
- Helen Harper
- Paulene Annette Godfrey
- Peter Howard-Williams
- Rachel Pattison
- Samantha Louise Prestwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £102k | £96k |
| 31/12/2024 | £98k | £109k |
| 31/12/2023 | £105k | £105k |
| 31/12/2022 | £83k | £83k |
| 31/12/2021 | £65k | £66k |
Common questions
Is NEWCOURT COMMUNITY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of £10,938 for the year ended 31 December 2024, driven by a deficit on community activities offset by a small trading surplus. Per the trustees' report, unrestricted cash reserves stood at £73,753, with a stated contingency reserve target of £50,000 to ensure continued operations. The trustees note that rising costs and the loss of a rent grant make maintaining a surplus more challenging in the coming year. Its FY2024 accounts were independently examined.