THE NIA PROJECT
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net surplus of £51,149 for the year ended 31 March 2025. The trustees report that free reserves stood at a surplus of £569,425, which is within their stated policy target of holding between three and six months of resources expended. The auditors confirmed that the financial statements give a true and fair view and reported no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“In the band £70,001 to £80,000 – 1 (2024: £70,001 to £80,000 - 1)” — page 24
“The Trustees aim to have unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity between 3 and 6 months of resources expended.” — page 10
“No remuneration was paid to any of the trustees. No trustee received reimbursement of expenses or benefits in kind during the year. Finance bookkeeping services totalling £2,000 was paid to a member of key management during the year.” — page 23
“Finance bookkeeping services totalling £2,000 was paid to a member of key management during the year.” — page 23
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Agnieszka Korfel
- Amy Terry
- Anna Francis-Garner
- Judith Suissa
- Marcia Buxton
- RUTH TWEEDALE
- SOPHIA ANTONIAZZI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.7m | £3.6m |
| 31/03/2024 | £3.5m | £3.6m |
| 31/03/2023 | £3.4m | £3.1m |
| 31/03/2022 | £3.3m | £2.9m |
| 31/03/2021 | £2.6m | £2.4m |
Common questions
Is THE NIA PROJECT financially healthy?
The accounts state that the charity achieved a net surplus of £51,149 for the year ended 31 March 2025. The trustees report that free reserves stood at a surplus of £569,425, which is within their stated policy target of holding between three and six months of resources expended. The auditors confirmed that the financial statements give a true and fair view and reported no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Simpson Wreford LLP.
What does the highest-paid employee of THE NIA PROJECT earn?
Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band.