NEW AVENUES
New Avenues is a charity set up to prevent and relieve homelessness and poverty in Dartford and the surrounding areas by provision of accommodation, advice, information, support, activities, grants, food and other services to individuals in need by reason of poverty, homelessness or deprivation.
Financial health, per its FY2024 accounts
The accounts state that the charity reported total income of £46,658 and total expenditure of £41,004 for the year ended 31 December 2024, resulting in a net surplus. Per the trustees' report, unrestricted reserves stood at £5,056 and restricted reserves at £40,300, with the trustees noting that no minimum reserve level is strictly required due to the absence of fixed costs.
What the accounts disclose
“Dartford Borough Council £22,301 Specifically for the Homeless Project”
“Practically however reserves would be kept at least £1,000 to allow for cash flow timings to be adequately covered.” — page 3
Trustees
- Hannah Joyce Borrett Webb
- Ian Charles Travers
- MICHAEL DENNIS SMITH
- STEPHEN BRINDLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £47k | £41k |
| 31/12/2023 | £72k | £60k |
| 31/12/2022 | £43k | £41k |
| 31/12/2021 | £31k | £27k |
| 31/12/2020 | £51k | £62k |
Common questions
Is NEW AVENUES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported total income of £46,658 and total expenditure of £41,004 for the year ended 31 December 2024, resulting in a net surplus. Per the trustees' report, unrestricted reserves stood at £5,056 and restricted reserves at £40,300, with the trustees noting that no minimum reserve level is strictly required due to the absence of fixed costs. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 30/08/2024 | £10k | Millionaire Street 2024 07w3 |