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NCFE

Registered charity 1034808 · accounts filings on the Charity Commission register

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Latest income
£49.5m
Latest spending
£50.6m
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £0.2m for the year ended 31 July 2024, following two consecutive years of deficits. Total income grew by 12.7% to £48.1m, while total expenditure decreased to £50.1m, resulting in unrestricted reserves of £31.9m, which are above the stated policy target of £24.3m.

What the accounts disclose

Reserves policy: £24.3m (held: £31.9m)
“The Reserves policy sets out a minimum level of reserves of £24.3m to satisfy the Group’s commitments and protect it from any significant financial shocks.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Ms D M Jenkins received £18,040 for chair remuneration via Kindling Limited.
“Kindling Limited (Ms D M Jenkins MBE DL, a Trustee is also a Director of Kindling Limited which invoiced NCFE for Chair’s remuneration.) The entity was invoiced £18,040 (2023: £20,347) for chair remuneration.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 24
“Kindling Limited (Ms D M Jenkins MBE DL, a Trustee is also a Director of Kindling Limited which invoiced NCFE for Chair’s remuneration.) The entity was invoiced £18,040 (2023: £20,347) for chair remuneration.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£49.5m
Total spending
£50.6m
Cost of raising funds
£30k
Reserves (reported)
£31.6m
Employees
1,709

Reported reserves equal ~7.5 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2025£49.5m£50.6m
31/07/2024£48.6m£50.2m
31/07/2023£43.0m£50.9m
31/07/2022£39.1m£41.9m
31/07/2021£38.8m£37.8m

Common questions

Is NCFE financially healthy?

The accounts state that the charity reported a net surplus of £0.2m for the year ended 31 July 2024, following two consecutive years of deficits. Total income grew by 12.7% to £48.1m, while total expenditure decreased to £50.1m, resulting in unrestricted reserves of £31.9m, which are above the stated policy target of £24.3m. Its FY2024 accounts were audited by Azets Audit Services.