New Dawn International
Partnering with, fundraising, and providing expertise to the charitable work of the Ugandan community based organisation known as New Dawn International, Uganda
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £33,450 against total expenditure of £30,028, resulting in a net surplus. However, the unrestricted funds are in a deficit position of £4,420, and the going concern basis is dependent on continued funding which is described as inherently uncertain.
What the accounts disclose
“The largest income stream this financial year has been Child Sponsorships, which have increased from prior periods.” — page 161
“The Directors aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of unrestricted charitable expenditure.” — page 160
“The financial statements are prepared under the historical cost convention and on a going concern basis, which is dependent upon the availability of adequate continued funding. The nature of the CIO’s funding is inherently uncertain as it is only agreed by the funding bodies each year. Should funding be discontinued in future years, the CIO would have to find other sources of funding or significantly curtail its activities.” — page 166
Trustees
- Nathan Namatatichair
- ANTHONY CRITCHLEY
- Danielle Mitchell
- Dr LUKE MITCHELL
- Dr Matthew Whipple
- Michael Howell
- Sonya Namatati
- YASMINA HOPKINS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £33k | £30k |
| 31/12/2023 | £35k | £40k |
| 31/12/2022 | £40k | £36k |
| 31/12/2021 | £28k | £28k |
| 31/12/2020 | £17k | £17k |
Common questions
Is New Dawn International financially healthy?
Per its FY2024 accounts: The accounts state that total income for the year was £33,450 against total expenditure of £30,028, resulting in a net surplus. However, the unrestricted funds are in a deficit position of £4,420, and the going concern basis is dependent on continued funding which is described as inherently uncertain. Its FY2024 accounts were independently examined.