NABS
Activity reflects NABS? current mission statement, namely: ?To improve life for those working in advertising and media sales via the provision of care, advice, support and career guidance. NABS believes that by supporting people in advertising through good times and bad, we can make working life a bit easier in a dynamic and volatile industry where pressure and redundancy remains commonplace.?
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
“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.”
“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.”
“NABS has a wholly owned trading subsidiary, NABS Trading Limited incorporated in England and Wales whose principal activity is the running of fundraising events.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dominic Carter
- HAMISH NICKLIN
- JUDITH SALINSON
- Jon Peppiatt
- Josh Krichefski
- Karla Smith
- NAREN PATEL
- Natalie Bell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2024 accounts were audited by RSM UK Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AHAVAS SHALOM TRUST | 2 | £150k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £393k |
| SF FOUNDATION | 1 | £209k |
| LONDON LEGAL SUPPORT TRUST | 1 | £197k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| THE RAYNE FOUNDATION | 1 | £117k |
| NES FOUNDATION LTD | 1 | £112k |
Charities like this
- MBC
- THE NATIONAL ASSOCIATION FOR SPECIAL EDUCATIONAL NEEDS (NASEN)
- THE ADVICE SERVICES ALLIANCE
- ABS TRAINING LTD
- THE ASSOCIATION OF DIRECTORS OF ADULT SOCIAL SERVICES
- BRITISH COLLEGE OF AESTHETIC MEDICINE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NABS | £2.9m | — | — | within | — | no doubt |
| MBC | £327k | — | — | above | — | no doubt |
| THE NATIONAL ASSOCIATION FOR SPECIAL EDUCATIONAL NEEDS (NASEN) | £3.9m | £100,001 - £110,000 | — | within | — | no doubt |
| THE ADVICE SERVICES ALLIANCE | £149k | — | 0 | above | — | no doubt |
| ABS TRAINING LTD | £207k | — | 0 | below | — | no doubt |
| THE ASSOCIATION OF DIRECTORS OF ADULT SOCIAL SERVICES | £3.3m | — | — | unclear | — | no doubt |