NEW-U ENTERPRISES LTD
New-U provides support to long term unemployed people via meaningful work experience opportunities in a clothes and accessories swap shop. We provide individualised support to increase confidence, self-esteem and skills to move towards work, training or volunteering. We encourage the wider public to re-use textiles and reduce waste.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were £111,422, which meets the trustees' policy of maintaining a minimum of six months' running costs. The charity reported a net expenditure of £24,806 for the year, resulting in a decrease in total funds from £149,948 to £125,142. The trustees confirm the charity remains a going concern supported by confirmed grants and healthy liquidity.
What the accounts disclose
“It is our policy is to have a minimum of 6 months running costs in reserves.”
Register events
- Received assets from another charity (25/10/2022)
Trustees
- Simeon Archer-Randchair
- Julia Nix
- Louise Harriet Gardiner
- Qeuczilla Jane Harrison
- Rev Heather Cracknell
- Robert Bradley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | £151k | £135k |
| 30/11/2024 | £124k | £148k |
| 30/11/2023 | £124k | £163k |
| 30/11/2022 | £336k | £215k |
| 30/11/2021 | £86k | £90k |
Common questions
Is NEW-U ENTERPRISES LTD financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves were £111,422, which meets the trustees' policy of maintaining a minimum of six months' running costs. The charity reported a net expenditure of £24,806 for the year, resulting in a decrease in total funds from £149,948 to £125,142. The trustees confirm the charity remains a going concern supported by confirmed grants and healthy liquidity. Its FY2024 accounts were independently examined.
Who funds NEW-U ENTERPRISES LTD?
Funders whose own accounts filings name NEW-U ENTERPRISES LTD as a grant recipient include Norwich Freemen's Charity.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| Norwich Freemen's Charity | FY2025 | £15k | Creating a digital points system for a pre-loved clothing shop |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 29/10/2024 | £3k | Unrestricted Funding |
| The National Lottery Community Fund | 23/05/2024 | £245k | New-U to You |
| The National Lottery Community Fund | 02/12/2022 | £10k | New-U in Thetford |
| The National Lottery Community Fund | 04/10/2021 | £150k | Circular Fashion Economy |
| The National Lottery Community Fund | 24/01/2020 | £10k | Over To-U |
| The National Lottery Community Fund | 26/02/2019 | £87k | New U Legacy Project |