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NABS

Registered charity 1070556 · accounts filings on the Charity Commission register

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Latest income
£2.9m
Latest spending
£3.2m
Registered
1998
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity finished the year with a £331k deficit position, an improvement on the previous year's £669k deficit, resulting in a consolidated operating deficit of £218,027. Per the trustees' report, free reserves amounted to £2.4m, covering 9.8 months of forward unrestricted expenditure against an estimated annual net expenditure of £2.9m. The trustees maintain a reserves policy target of 6 to 11 months and express a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: 6 to 11 months (held: £2.4m)
“The policy was reviewed again in 2024 with the Trustees agreeing to keep the 6 to 11 month policy and review again once break even was achieved.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Wholly owned subsidiary distribution
“NABS Trading Limited transferred £371,747 to NABS as a distribution (2023: £232,450). As at the year-end, NABS Trading Limited owed £371,747 (2023: £232,450) to the Charity.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: NABS Trading Limited
“NABS has a wholly owned trading subsidiary, NABS Trading Limited incorporated in England and Wales whose principal activity is the running of fundraising events.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.9m
Total spending
£3.2m
Cost of raising funds
£1.8m
Reserves (reported)
£2.4m
Employees
33

Reported reserves equal ~9.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£2.9m£3.2m
31/12/2023£2.9m£3.6m
31/12/2022£2.4m£3.5m
31/12/2021£2.5m£3.2m
31/12/2020£1.9m£3.2m

Common questions

Is NABS financially healthy?

The accounts state that the charity finished the year with a £331k deficit position, an improvement on the previous year's £669k deficit, resulting in a consolidated operating deficit of £218,027. Per the trustees' report, free reserves amounted to £2.4m, covering 9.8 months of forward unrestricted expenditure against an estimated annual net expenditure of £2.9m. The trustees maintain a reserves policy target of 6 to 11 months and express a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by RSM UK Audit LLP.