NEW FOUNDATIONS

Registered charity 1161188 · accounts filings on the Charity Commission register

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) .

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Religious Activities · website · Get email alerts

Latest income
£85k
Latest spending
£57k
Registered
2015
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Nigeria

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.