CARERS FEDERATION LTD
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating loss of £100,453 for the year ended 31 March 2024, a significant reduction from the previous year's loss of £515,891. Per the trustees' report, unrestricted reserves stood at £1,801,417, which the trustees consider sufficient to meet their policy of holding six months' expenditure (£685,871). The net assets increased to £1,811,188, largely driven by a £766,000 actuarial gain on the defined benefit pension scheme.
What the accounts disclose
“The charity’s Reserves Policy is to hold at least six months’ expenditure within the balance of Net Current Assets attributable to Unrestricted Funds, which amounts to £685,871 in 2023/24” — page 7
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- MRS P J CARGILLchair
- Catherine Moore
- DR C J BERRY
- MRS C G THOMAS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.3m |
| 31/03/2024 | £800k | £901k |
| 31/03/2023 | £616k | £1.1m |
| 31/03/2022 | £749k | £1.3m |
| 31/03/2021 | £765k | £1.1m |
Common questions
Is CARERS FEDERATION LTD financially healthy?
The accounts state that the charity reported an operating loss of £100,453 for the year ended 31 March 2024, a significant reduction from the previous year's loss of £515,891. Per the trustees' report, unrestricted reserves stood at £1,801,417, which the trustees consider sufficient to meet their policy of holding six months' expenditure (£685,871). The net assets increased to £1,811,188, largely driven by a £766,000 actuarial gain on the defined benefit pension scheme. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 23/03/2006 | £5k | "This Group Provides Services And Support For Carers In Nottingham. The Project Is To Run Activities To Encourage Community Cohesion And To E" |