NEW TRIBES MISSION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £67,370 for the period ended 31 December 2024, with total incoming resources of £2,812,071 and total expenditure of £2,744,701. Per the trustees' report, the charity maintained sufficient liquid cash assets to meet all financial obligations operationally without recourse to the reserve fund.
What the accounts disclose
“The trustees have agreed that there needs to be a minimum level of unrestricted reserves held to deal with any unforeseen events affecting primarily the running of the site at North Cotes and the College Activities. This reserve has been set at £50,000 and is reviewed on a regular basis.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- FRANK BREARLEYchair
- Gillian Baxter
- MATTHEW CUTHBERT
- Matthew Phillip Petley
- NORMAN ROBERT MCCREADY
- Stephen Bosley
- Stephen Jerrard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.8m | £2.7m |
| 31/08/2023 | £2.1m | £2.1m |
| 31/08/2022 | £2.0m | £2.0m |
| 31/08/2021 | £1.2m | £1.2m |
| 31/12/2020 | £1.8m | £1.7m |
Common questions
Is NEW TRIBES MISSION financially healthy?
The accounts state that the charity reported a surplus of £67,370 for the period ended 31 December 2024, with total incoming resources of £2,812,071 and total expenditure of £2,744,701. Per the trustees' report, the charity maintained sufficient liquid cash assets to meet all financial obligations operationally without recourse to the reserve fund. Its FY2024 accounts were audited by Lewis Brownlee (Chichester) Limited.