NEW HORIZONS COMMUNITY ENTERPRISE

Charity number: 1098036
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,087,625

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Donations and legacies £0
Charitable activities £966.31k
Other trading activities £0
Investments £89.26k
Other £32.05k

Total expenditure:
£1,074,874

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Raising funds £7.86k
Charitable activities £1.07m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £7.86k
Charitable expenditure £1.07m
Retained for future use £12.75k

People

7 Employee(s)

5 Trustee(s)

1 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£90k to £100k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Amateur Sport
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Walsall

Governance

Registration history:
  • 17 June 2003: Standard registration
Organisation type:
Charitable company
Other names:
  • NEW DEAL: NEW HORIZONS (Previous name)
Company number:
04582937 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
ROY JONES Chair
None on record
DR IAN CHARLES ROBERTSON Trustee 31 May 2013
OAK TREE TRUST
Received: On time
NORTH WALSALL COMMUNITY LINKS
Received: On time
Robert Thomas Trustee 01 May 2013
None on record
ROBERT HUGHES Trustee
None on record
ALBERT JOHN HODGKINS Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £719.88k £1.01m £1.24m £1.11m £1.09m
Total expenditure £742.29k £832.77k £1.02m £1.05m £1.07m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £688.25k £931.94k £873.05k £1.02m £966.31k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £26.45k £22.80k £28.46k £50.44k £89.26k
Income - Other £5.19k £53.60k £336.34k £39.41k £32.05k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £730.43k £821.01k £999.62k £1.03m £1.07m
Expenditure - Raising funds £11.85k £11.75k £15.40k £23.23k £7.86k
Expenditure - Governance £96.21k £98.55k £94.79k £97.88k £106.28k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £11.85k £11.75k £15.40k £23.23k £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £5.23m £5.29m £5.99m £5.76m £3.96m
Long-term investments £0 £0 £0 £0 £0
Other assets £1.71m £2.02m £1.20m £1.34m £3.16m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £559.31k £584.39k £242.05k £222.87k £228.69k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 20 December 2024 On Time
Accounts and TAR 31 March 2024 07 January 2025 On Time Download Open in new window
Annual return 31 March 2023 17 April 2024 77 days late
Accounts and TAR 31 March 2023 17 April 2024 77 days late Download Open in new window
Annual return 31 March 2022 05 January 2023 On Time
Accounts and TAR 31 March 2022 07 February 2023 7 days late Download Open in new window
Annual return 31 March 2021 07 January 2022 On Time
Accounts and TAR 31 March 2021 07 January 2022 On Time Download Open in new window
Annual return 31 March 2020 06 January 2021 On Time
Accounts and TAR 31 March 2020 06 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 6 NOVEMBER 2002, AS AMENDED 9 FEBRUARY 2005 AND 25 JANUARY 2006 AND BY A CERT OF NAME CHANGE DATED 1 APRIL 2009

Charitable objects

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

Area of benefit

The area the charity can operate in, as set out in its governing document.

BLAKENHALL, BLOXWICH EAST AND LEAMORE IN THE BOROUGH OF WALSALL

Contact information

Address:
Blakenall Village Centre
79 Thames Road
Walsall
WS3 1LZ
Phone:
01922710636
Email:
enquiries@nhce.org.uk
Website:

No information available