Finance Score: -5

Governance Score: 6

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Positive trading contribution: +2;Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3

No supporters identified

Overall GiG Score: 1

NEWSTRAID BENEVOLENT FUND

Newstraid helps persons, and their immediate dependants, who have been employed in newspaper and magazine distribution in the UK and who have fallen on hard times. The qualifying criteria are a need and a proven trade connection. In a nutshell, we help people who deal with newspapers and magazines from the time they leave the printing press until they reach the reader.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
More than half of total income was derived from trading and fees in the latest year
There have been no income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £13,067,647 available, equivalent to 91 months of spending and so may not be able to utilise additional funding
Fundraising costs are extremely high relative to funds raised

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
31/12/22		£2,038	£1,720	£318	£514	£13,116	£13,068	91.1	8	175
31/12/21		£1,750	£1,486	£264	£450	£14,332	£14,283	115.3	8	100
31/12/20		£1,717	£1,560	£157	£447	£12,950	£12,902	99.2	7	107
31/12/19		£2,137	£1,746	£391	£592	£12,675	£12,627	86.8	7	120
31/12/18		£1,960	£1,714	£246	£599	£11,281	£11,232	78.6	7	150
31/12/17		£2,050	£1,831	£219	£636	£11,727	£11,678	76.5	8	0
31/12/16		£2,146	£1,686	£460	£635	£10,697	£10,649	75.8	8	0
31/12/15		£2,057	£1,792	£265	£857	£9,426	£9,377	62.8	8	0
31/12/14	*	£2,182	£1,930	£252	£978	£9,076	£9,027	56.1	8	0
31/12/13		£1,820	£1,683	£137	£799	£8,637	£8,587	61.2	8	0
31/12/12		£2,078	£1,827	£251	£748	£8,492	£8,443	55.5	21	0
31/12/11		£2,655	£2,030	£625	£864	£7,204	£7,155	42.3	25	0
31/12/10		£2,529	£1,695	£834	£481	£6,839	£6,789	48.1	17	0
31/12/09		£1,798	£1,472	£326	£215	£5,531	£5,481	44.7	25	0
31/12/08		£1,722	£1,454	£268	£219	£4,718	£4,649	38.4	27	0
31/12/07		£1,389	£1,243	£146	£170	£5,243	£5,184	50.1	26	0

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Financial Ratios

Fundraising Costs/Relevant Income: 146.3%
Fundraising Costs/Total Spending: 30.7%
Senior Staff Costs/Total Spending: 10%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 2%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 91.1 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.6

Asset Split ?

Established: 18 years

www.newstraid.org.uk

oldben@newstraid.org.uk

01279879569

Charity Commission for England and Wales

Tweets

Listed activities

General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Poverty relief

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information
Provides human resources
Provides services

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who works here?

8 employees
175 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (12)

Current Trustees appointed

Age Range of Trustees: 43-78

MYLENE SYLVESTRE Appointed: 2021, Occupation: Director

PARIN GOHIL Appointed: 2022, Occupation: Trustee

GRANT JORDAN Appointed: 2023, Occupation: Trustee

JOHN BARDSLEY Appointed: 2024, Occupation: Trustee

MICHAEL MIRAMS Appointed: 2021, Occupation: Trustee

SHAUN JONES Appointed: 2019, Occupation: Publishing

TRACY O'SULLIVAN (Chair) Appointed: 2016, Occupation: Company Director

ADRIAN HUGHES Appointed: 2019, Occupation: Distribution

COLIN FLETCHER Appointed: 2015, Occupation: Retired

PAUL LATHAM Appointed: 2019, Occupation: Wholesale

RICHARD JOHN WEBB Appointed: 2006, Occupation: Information Systems Director

INGRID JONES Appointed: 2006, Occupation: Publishing, Other trusteeship: OLD BEN HOMES LIMITED,

Legal constitution

Charitable company registered in England & Wales on 16/11/2006, number: 1116824
Registered at Companies House on 20/10/2006, number: 05973987

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

16 returns made; AR14: 2 days late,

Main office

Suite 2
Thremhall Estate
Start Hill
Bishop's Stortford
CM22 7TD

Objectives

TO RELIEVE PERSONS WHO ARE IN CONDITIONS OF NEED OR HARDSHIP AND TO RELIEVE THE DISTRESS CAUSED THEREBY THROUGH THE PROVISION OF WELFARE FOR PERSONS WHO ARE, OR HAVE BEEN, EMPLOYED IN THE SELLING AND DISTRIBUTION OF NEWSPAPERS, MAGAZINES AND PERIODICALS (THE TRADE) IN THE UNITED KINGDOM, INCLUDING THEIR IMMEDIATE FAMILY AND DEPENDANTS. ENGAGEMENT SHALL NORMALLY HAVE BEEN FOR A MINIMUM OF FIVE YEARS.

Defined Area of Benefit:

UNITED KINGDOM

Data Sources