New Era Foundation Ltd.
Analysis
New Era Foundation Ltd. is a registered charity in England and Wales, based in London. It was registered in July 2013, 13 years ago. Its declared purposes cover education/training, amateur sport, economic/community development/employment and recreation, which this site groups under amateur sport and recreation. Legally it is a charitable company (Companies House number 08563467). It says it makes grants to individuals, makes grants to organisations and provides services.
In the financial year ending June 2022, New Era Foundation Ltd. reported income of £854k and spending of £906k, spending 106% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income grew from £668k to £854k (+28%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 100% of the income it received.
Among 12,174 England and Wales charities whose main cause is amateur sport and recreation and that reported income, New Era Foundation Ltd. sits at the 98th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 93rd percentile. Charities of a similar size with the same main cause include Walton Firs Foundation (£853k), Winchester City Swimming Club (£864k) and Ocean Youth Trust South (£852k).
In its latest detailed accounts, income came from donations and legacies 87% and charitable activities 13%. Charitable activities took 75% of spending and raising funds 25%. Reserves of £53k would cover about 1 months of spending at that rate. It employed 11 people.
Data notes from the register: The regulator lists this charity as in double default: it has missed the deadline for its annual return or accounts in two or more successive years.
Income and spending
Where the income comes from
- Donations 87%
- Charitable activities 13%
In the charity's own words
The New Era Foundation has been established to tackle three key social problems; youth unemployment, lack of safe spaces and activities and lack of activities to develop emotional intelligence. By reducing offending/unemployment by providing education, training and employment thereby creating safer places and safer communities.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Walton Firs Foundation | Surrey | £853k |
| Winchester City Swimming Club | Hampshire | £864k |
| Ocean Youth Trust South | Hampshire | £852k |
| Acorns Early Years Centre | Dartford | £865k |