NORTH WALSHAM PHOENIX GROUP
The relief of those in North Walsham in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage, either generally or individually through the provision of grants, goods or services.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £98,575, which significantly exceeds the stated policy target of three months' running costs (approximately £4,000). The charity reported a net incoming resource of £29,072 for the year, funded by grants, donations, and rental income, with total net assets increasing to £252,455.
What the accounts disclose
“Rental Income 30,000 - 30,000 -” — page 8
“a reserve fund equivalent to 3 month’s running costs (approx. £4,000) has been established and is included within general reserves.”
“A £400 loan from Mr R Wright (trustee) was repaid during the year. The loans are on an interest free basis and the remaining balance will repaid when excess funds allow, and with the agreement of the other Trustees.” — page 10
Trustees
- Saul Penfoldchair
- Lucy Shires
- ROBERT WRIGHT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/01/2025 | £88k | £59k |
| 01/01/2024 | £122k | £3k |
| 01/01/2023 | £81k | £8k |
| 01/01/2022 | £40k | £9k |
Common questions
Is NORTH WALSHAM PHOENIX GROUP financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £98,575, which significantly exceeds the stated policy target of three months' running costs (approximately £4,000). The charity reported a net incoming resource of £29,072 for the year, funded by grants, donations, and rental income, with total net assets increasing to £252,455. Its FY2025 accounts were independently examined.
Who funds NORTH WALSHAM PHOENIX GROUP?
Funders whose own accounts filings name NORTH WALSHAM PHOENIX GROUP as a grant recipient include NORFOLK COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NORFOLK COMMUNITY FOUNDATION | FY2022 | £27k | To fund the set up and initial running costs of the costs of the North Walsham Community Supermarket, including fixtures and fittings, and the employment of a p |
| NORFOLK COMMUNITY FOUNDATION | FY2024 | £20k | To support 200 households with £100 of support with food costs. |