Finance Score: 2

Governance Score: -6

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Reasonable growth: +1
Fundraising costs low: +3

Very static board: -5
Mainly male board: -1

No supporters identified

Overall GiG Score: -4

NEW HORIZONS COMMUNITY ENTERPRISE

The promotion of regeneration in areas of social and economic deprivation in the area of Walsall and in particular, Blakenall, Bloxwich East and Leamore, in accordance with the Objects as listed on page 2 of the Memorandum and Articles of Association of the charity.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

The Board is predominantly male
The Board composition appears to be very static

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £6,883,904 available, equivalent to 79 months of spending and so may not be able to utilise additional funding

Established: 21 years

enquiries@nhce.org.uk

01922710636

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£1,113	£1,050	£63	£0	£6,884	£6,884	78.7	8	1
31/03/22		£1,238	£1,015	£223	£0	£6,951	£6,951	82.2	8	8
31/03/21		£1,008	£833	£176	£0	£6,728	£6,728	97	8	10
31/03/20		£720	£742	£-22	£0	£6,379	£941	15.2	8	10
31/03/19		£763	£710	£53	£0	£6,494	£1,008	17	8	10
31/03/18		£720	£744	£-24	£0	£6,407	£6,407	103.3	8	0
31/03/17		£797	£725	£72	£0	£6,439	£6,439	106.6	9	0
31/03/16		£801	£825	£-24	£0	£6,367	£6,367	92.6	11	0
31/03/15		£851	£862	£-10	£75	£6,622	£6,622	92.2	11	0
31/03/14	*	£868	£1,033	£-165	£73	£7,973	£7,973	92.6	14	0
31/03/13		£886	£1,162	£-276	£92	£8,139	£8,139	84	9	0
31/03/12	*	£856	£1,269	£-413	£170	£8,414	£8,414	79.6	10	0
31/03/11	*	£3,914	£2,908	£1,006	£246	£8,827	£0	n/a	26	0
31/03/10		£5,931	£3,677	£2,254	£271	£11,565	£0	n/a	33	0
31/03/09		£7,125	£6,278	£846	£407	£12,917	£0	n/a	37	0
31/03/08		£6,294	£6,437	£-143	£399	£12,071	£0	n/a	34	0
31/03/07	*	£8,477	£6,661	£1,816	£227	£12,214	£0	n/a	26	0
31/03/06		£9,353	£6,509	£2,844	£0	£0	£0	n/a	0	0
31/03/05	*	£10,350	£4,253	£6,097	£0	£0	£0	n/a	0	0
31/03/04		£6,004	£5,015	£989	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.3%
Fundraising Costs/Total Spending: 2.2%
Senior Staff Costs/Total Spending: 11%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 3%
Liabilities/Income: 20%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 78.7 months
Net Current Assets/Spending: 13 months
Quick Ratio: 3.5

Asset Split ?

Listed activities

Accommodation/Housing
Amateur Sport
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Acts as an umbrella or resource body
Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Walsall,

Who it helps

Other Defined Groups
The General Public/Mankind

Who works here?

8 employees
1 volunteer

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 59-84

ALBERT JOHN HODGKINS Appointed: 2005, Occupation: Retired

DR IAN CHARLES ROBERTSON Appointed: 2013, Occupation: Dentist, Other trusteeships: OAK TREE TRUST, NORTH WALSALL COMMUNITY LINKS,

LINDA JANE COLE Appointed: 2015, Occupation: Retired

ROBERT HUGHES Appointed: 2007, Occupation: Housing Manager

ROY JONES (Chair) Appointed: 2005, Occupation: Projects Supervisor

ROBERT THOMAS Appointed: 2013, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 17/06/2003, number: 1098036
Registered at Companies House on 06/11/2002, number: 04582937

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR23: 77 days late, AR14: 0 days late, AR12: 1 days late, AR11: 141 days late, AR07: 2 days late, AR05: 108 days late,

Main office

Blakenall Village Centre
79 Thames Road
Walsall
WS3 1LZ

Objectives

THE PROMOTION FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR BLAKENHALL, BLOXWICH EAST AND LEAMORE IN THE BOROUGH OF WALSALL) BY ALL OR ANY OF THE FOLLOWING MEANS: 3.1.1. THE RELIEF OF POVERTY IN SUCH WAYS AS MAY BE THOUGHT FIT; 3.1.2 THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT; 3.1.3 THE ADVANCEMENT OF EDUCATION, TRAINING AND RETRAINING PARTICULARLY AMONG UNEMPLOYED PEOPLE, AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; 3.1.4 THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE, OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP; A) IN SETTING UP THEIR OWN BUSINESS, OR B) TO EXISTING BUSINESSES; 3.1.5 THE CREATION OF TRAINING AND EMPLOYMENT BY THE PROVISION OF WORKSPACE, BUILDINGS AND/OR LAND FOR USE ON FAVOURABLE TERMS; 3.1.6 THE PROVISION OF HOUSING AND ASSOCIATED SERVICES FOR THOSE WHO ARE IN CONDITIONS OF NEED AND THE IMPROVEMENT OF HOUSING IN THE PUBLIC SECTOR OR IN CHARITABLE OWNERSHIP PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING; 3.1.7 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES; 3.1.8 THE PRESERVATION OF BUILDINGS OR SITES OF HISTORICAL OR ARCHITECTURAL IMPORTANCE; 3.1.9 THE PROVISION OR ASSISTANCE IN THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE AND/OR THOSE WHO BY REASONS OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES; 3.1.10 THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT; 3.1.11 THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE; 3.1.12 THE PROMOTION OF PUBLIC SAFETY AND THE PREVENTION OF CRIME; 3.1.13 SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES ; AND 3.2 TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE COMMUNITY IN SUCH A WAY THAT THEY MAY BETTER BE ABLE TO IDENTIFY, AND HELP MEET, THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY; AND 3.3 THE PROMOTION OF ANY OTHER CHARITABLE PURPOSE

Defined Area of Benefit:

BLAKENHALL, BLOXWICH EAST AND LEAMORE IN THE BOROUGH OF WALSALL

Data Sources