Newground CIC

Active02584952Professional servicesIncorporated 22 Feb 1991 · Blackburn

The principal object of Newground CIC is to carry out activities which benefit communities and to operate as a social enterprise to enable its parent charity to meet its objectives, which are: 1. To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment anywhere in the north of England. 2. To promote for the benefit of the public urban or rural regeneration in areas of social and economic deprivation anywhere in the north of England by all or any of the following means: - the relief of financial hardship; - the relief of unemployment; - the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience; - 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: (i) in setting up their own business, or (ii) to existing businesses; - the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms; - the maintenance, improvement or provision of public amenities; - the protection or conservation of the environment; - the promotion of health, welfare and personal development opportunities for persons living within those areas; and - such other means as may from time to time be determined subject to the prior written consent of the Charity Commission. 3. To promote the provision of facilities for recreation or other leisure time occupation for individuals in the north of England who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public generally in the north of England in the interests of social welfare and with the object of improving their conditions of life. 4. To advance in life and relieve the needs of young people in the north of England through: - the provision of recreational and leisure time activities provided in the interests of social welfare designed to improve their conditions of life; and - providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. 5. To advance education (including training) in such ways as the Directors think fit.

Revenue

£4.5m

▼ -2.4% vs prior ~12m period

Profit after tax

£1.3m

Margin 27.2%

Employees

112

▼ -8.2% vs prior ~12m period

Net assets

£1.4m

Total assets £3.7m

Financial history

Revenue by accounting period

3 periods available · ▲ growth ▼ decline

Mar 2022
£4.9m
Mar 2023
£4.6m▼ -5.1%
Mar 2024
£4.5m▼ -2.4%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Mar 2024£4.5m▼ -2.4%£1.3m112£1.4m
31 Mar 2023£4.6m▼ -5.1%£833k122£1.0m
31 Mar 2022£4.9m—£1.1m116£1.3m

Latest available figures

Period ending 31 Mar 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

These are the most recent accounts available to us; more recent accounts may exist at Companies House.

Profit & loss

Revenue
£4.5m
Gross profit
£1.5m
Operating profit
£1.2m
Profit before tax
£1.3m
Profit after tax
£1.3m

Balance sheet

Total assets
£3.7m
Cash
£2.0m
Total liabilities
£2.3m
Net assets
£1.4m
Revenue per employee
£40k

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