NEWWAY PROJECT
NEWway Project was set up in 2013 in order to support the rising numbers of homeless people in the London Borough of Newham. Our team works alongside specialist support agencies, local churches and hundreds of local volunteers to provide three core services: NEWdawn - a winter night shelter, NEWday - year round daytime support services, and NEWlife - gardening workshops for local rough sleepers.
Financial health, per its FY2026 accounts
The accounts state that free reserves of £175,289 represent four months of the coming year's operational budget, which the trustees consider sufficient to maintain activities if funding drops. However, the trustees note that a higher level of reserves is required to ensure a smooth shutdown of services should the ongoing Local Authority funding not be forthcoming upon tender. The charity reported a small overall surplus of £590 for the year.
What the accounts disclose
“It is the policy of the charity that general funds which have not been designated for a specific use should be maintained at a level equivalent to three to six-month’s expenditure.” — page 14
“The Trustees feel that a higher level of reserves is required to ensure a smooth shut down of services should this funding not be forthcoming.” — page 14
Year-over-year changes
- Going concern: no going-concern doubt (FY2025) → going-concern doubt noted (FY2026).
Structured financials (annual return, FY ending 30/06/2022)
Trustees
- MATTHEW PORTERchair
- Adrian Duffy
- Agnieszka Pogorzelec
- Julian Calver Stallard
- Olukayode Adedoyin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £477k | £477k |
| 31/03/2025 | £409k | £434k |
| 31/03/2024 | £440k | £389k |
| 31/03/2023 | £255k | £285k |
| 30/06/2022 | £551k | £468k |
Common questions
Is NEWWAY PROJECT financially healthy?
Per its FY2026 accounts: The accounts state that free reserves of £175,289 represent four months of the coming year's operational budget, which the trustees consider sufficient to maintain activities if funding drops. However, the trustees note that a higher level of reserves is required to ensure a smooth shutdown of services should the ongoing Local Authority funding not be forthcoming upon tender. The charity reported a small overall surplus of £590 for the year. Its FY2026 accounts were independently examined.
Who funds NEWWAY PROJECT?
Funders whose own accounts filings name NEWWAY PROJECT as a grant recipient include THE MERCERS CHARITABLE FOUNDATION, DRAPERS CHARITABLE FUND, THE ALBERT HUNT TRUST, LONDON CATALYST, EAST END COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MERCERS CHARITABLE FOUNDATION | FY2024 | £38k | Church & Communities Programme |
| THE MERCERS CHARITABLE FOUNDATION | FY2025 | £33k | Church & Communities Programme |
| DRAPERS CHARITABLE FUND | FY2025 | £20k | NEWdawn winter night shelter |
| THE ALBERT HUNT TRUST | FY2023 | £7k | Homelessness appeals |
| LONDON CATALYST | FY2022 | £3k | For the Move-on Coordinator salary to assist the support for rough sleepers and vulnerably housed people |
| EAST END COMMUNITY FOUNDATION | FY2024 | £1k | Contribution towards NEWday services |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS FOREST GATE | FY2025 | £500 | Planned Giving |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/09/2025 | £20k | NEWway Employability Programme |
| The Mercers' Company | 04/10/2023 | £104k | Grant to NEWway Project |
| Crowdfunder | 05/05/2022 | £2k | Local Action Fund |
| Greater London Authority | 31/03/2021 | £59k | Grant to NEWway Project |
| UK government | 29/09/2020 | £20k | Coronavirus Community Support Fund |