NORTHWAY DISTRICT COMMUNITY ASSOCIATION
Promote the benefit of the inhabitants of Northway and the neighbourhood together, interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus for the year, with unrestricted funds totaling £299,811. The trustees report that this level of reserves is sufficient to cover ongoing expenses for the next two years, despite the loss of major rental income from a social club and a health foundation trust. The charity maintains a reserves policy target of approximately 24 months of unrestricted expenditure.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately 24 months unrestricted expenditure.”
“The secretary has also drawn a salary from the charity of £8,000 in the year. The charity payroll scheme was introduced in January 2024.” — page 20
“Consultancy fees of £14,801 (2023 - £17,000 plus an arrears payment of £15,271, totalling £32,271) have been paid to the charity's secretary, in respect of IT and property management consultancy services. The fees payable are not in respect of secretarial duties carried out. The secretary has also drawn a salary from the charity of £8,000 in the year. The charity payroll scheme was introduced in January 2024.” — page 20
Trustees
- MR CARL HIBBINchair
- DANIEL TELAHUN
- ELIZABETH CORBETT
- LISA PALFREEMAN
- Patricia Elliott
- ROY SHELTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £268k | £245k |
| 31/12/2023 | £287k | £300k |
| 31/12/2022 | £308k | £257k |
| 31/12/2021 | £294k | £242k |
| 31/12/2020 | £287k | £250k |
Common questions
Is NORTHWAY DISTRICT COMMUNITY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus for the year, with unrestricted funds totaling £299,811. The trustees report that this level of reserves is sufficient to cover ongoing expenses for the next two years, despite the loss of major rental income from a social club and a health foundation trust. The charity maintains a reserves policy target of approximately 24 months of unrestricted expenditure. Its FY2024 accounts were audited by The MGroup Partnership.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WOODLANDS GREEN LTD | 1 | £10k |
Charities like this
- CARWAY AND DISTRICT WELFARE ASSOCIATION
- NORTHWAY PRE-SCHOOL PLAYGROUP
- NORTH ROMFORD COMMUNITY ASSOCIATION
- BIERLEY COMMUNITY ASSOCIATION LTD
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EMMANUEL NORTHWOOD
- NORTH WEST LONDON COMMUNAL MIKVAH LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NORTHWAY DISTRICT COMMUNITY ASSOCIATION | £268k | — | 0 | unclear | — | no doubt |
| CARWAY AND DISTRICT WELFARE ASSOCIATION | £160k | — | 0 | unclear | — | no doubt |
| NORTHWAY PRE-SCHOOL PLAYGROUP | £336k | — | 0 | unclear | — | no doubt |
| NORTH ROMFORD COMMUNITY ASSOCIATION | £216k | — | 0 | unclear | — | no doubt |
| BIERLEY COMMUNITY ASSOCIATION LTD | £210k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EMMANUEL NORTHWOOD | £585k | — | — | unclear | — | no doubt |