NEW FOUNDATIONS
New Foundations is a pioneering christian mission using innovative training to deliver grass roots evidenced-based medicine to marginalised communities in the volatile Niger Delta. The charity was changed from Trust ( est. 2003 Reg: 1100698) to a CIO in 2015, hence the single set of current accounts pertaining to the new charitable incorporated organisation (CIO) .
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £229,221 are held, which the trustees consider sufficient to run the mission for at least 12 months. The charity reported a net incoming resource of £28,399 for the year, with total funds carried forward increasing to £264,800. The trustees noted that inflationary pressures and exchange rate volatility make financial planning difficult, but reserves are maintained as a prudent contingency.
What the accounts disclose
Register events
- Received assets from another charity (18/04/2019)
Trustees
- ALANNA McCurry
- Dr DAVID DONOVAN
- SHIRLEY DONOVAN
- Thomas Luke Dawson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £85k | £57k |
| 31/12/2023 | £84k | £76k |
| 31/12/2022 | £97k | £72k |
| 31/12/2021 | £74k | £71k |
| 31/12/2020 | £113k | £54k |
Common questions
Is NEW FOUNDATIONS financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves of £229,221 are held, which the trustees consider sufficient to run the mission for at least 12 months. The charity reported a net incoming resource of £28,399 for the year, with total funds carried forward increasing to £264,800. The trustees noted that inflationary pressures and exchange rate volatility make financial planning difficult, but reserves are maintained as a prudent contingency. Its FY2024 accounts were independently examined.
Who funds NEW FOUNDATIONS?
Funders whose own accounts filings name NEW FOUNDATIONS as a grant recipient include SIR JEREMIAH COLMAN GIFT TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SIR JEREMIAH COLMAN GIFT TRUST | FY2023 | £3k | |
| SIR JEREMIAH COLMAN GIFT TRUST | FY2022 | £3k | |
| SIR JEREMIAH COLMAN GIFT TRUST | FY2025 | £1k | |
| SIR JEREMIAH COLMAN GIFT TRUST | FY2025 | £1k | |
| SIR JEREMIAH COLMAN GIFT TRUST | FY2024 | £1k |