NEWTOWN COMMUNITY ASSOCIATION (EXETER, DEVON)
Community development in Newtown, Exeter and the neighbourhood. Establish and manage a building as a community centre for use primarily by community groups. Act as an umbrella organisation for activities within the area. The trustees have regard to guidance by the Charity Commission on public benefit to inform the planning of activities.
Financial health, per its FY2024 accounts
The accounts state that the charity made a net deficit of £65 for the year, which included depreciation charges. Unrestricted reserves totalled £410,964, which the Trustees consider adequate as it equates to six months of unrestricted expenditure.
What the accounts disclose
“The total income received showed a decrease of {4351 compared to 2023 with rental income showing a decrease of{1730 on the previous year.” — page 7
“Unrestricted reserves totalled t410964 at the year-end of which t23362 was held in net current assets and is the effective charity reserves. This equates to 6 months' unrestricted expenditure and is considered an adequate reserve by the Trustees.” — page 7
Property (HM Land Registry)
Register events
- Received assets from another charity (26/11/2017)
Trustees
- Christina Towler
- Kevin Michael Winser
- Rachael Louise Shah
- STEPHEN GARETH PALMER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £61k |
| 31/12/2023 | £36k | £38k |
| 31/12/2022 | £37k | £37k |
| 31/12/2021 | £40k | £46k |
| 31/12/2020 | £28k | £48k |
Common questions
Is NEWTOWN COMMUNITY ASSOCIATION (EXETER, DEVON) financially healthy?
Per its FY2024 accounts: The accounts state that the charity made a net deficit of £65 for the year, which included depreciation charges. Unrestricted reserves totalled £410,964, which the Trustees consider adequate as it equates to six months of unrestricted expenditure. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 25/08/2000 | £1k | "The project is to increase members of a community groups interest in their heritage. The money is for travel and entrance costs." |