New Lodge Arts
Latest income
£354k
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that total funds increased to £159,265, with unrestricted reserves rising to £59,962. The trustees note that while unrestricted funds are relatively low, the charity has no external debt and relies on the financial support of its controlling charity. The reserves policy target is six months of support costs, whereas the current level covers approximately two months.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The current level of free reserves is sufficient to meet approximately 2 months salary and running costs. The target for unrestricted reserves is six months support costs in cash at bank.” — page 11
Per FY2025 accounts as filed with CCNI.
Related-party transaction: The charity is a wholly owned subsidiary of a controlling charity, but transactions are exempt from disclosure.
“As the charitable company is a wholly owned subsidiary, the directors have taken advantage of the exemptions from disclosing related party transactions with other wholly owned group companies, in accordance with FRS 102. No other transactions with related parties were undertaken that are required to be disclosed under FRS 102 Section 1A.” — page 30
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Independent examiner: GMcG BELFAST
Per FY2025 accounts as filed with CCNI.