THE NICHOLLS SPINAL INJURY FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves totalled £752,892, which the trustees consider adequate for the next three years despite a net expenditure of £10,600 for the year. The charity maintains a strong cash position of £803,778 and has committed £231,270 in reserves for 2024 grants. The trustees report that the charity is financially sustainable and able to continue its charitable objectives.
What the accounts disclose
“It is primarily aimed at generating sufficient general reserves to meet working capital requirements and to allow the charity to continue even if there is a prolonged period when fundraising proves more difficult.” — page 6
“Donations totalling £9,900 (2022: 6,100) were received from trustees. The donations related to the purchase of teams for the golf and clay pigeon events.” — page 26
“The charity's wholly owned subsidiary, TNSIF Limited, has now become a dormant entity.” — page 7
Trustees
- Christopher John Sullivan
- DAVID NICHOLLS
- DR Bobby Prasad FRCP MBA
- FREDERICK INGLIS WATT
- Hamid Rezan Nejad
- John Warren
- Piers Benedict Adam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £262k | £187k |
| 31/12/2023 | £258k | £268k |
| 31/12/2022 | £228k | £308k |
| 31/12/2021 | £293k | £326k |
| 31/12/2020 | £128k | £195k |
Common questions
Is THE NICHOLLS SPINAL INJURY FOUNDATION financially healthy?
The accounts state that unrestricted reserves totalled £752,892, which the trustees consider adequate for the next three years despite a net expenditure of £10,600 for the year. The charity maintains a strong cash position of £803,778 and has committed £231,270 in reserves for 2024 grants. The trustees report that the charity is financially sustainable and able to continue its charitable objectives. Its FY2023 accounts were audited by Shaw Gibbs (Audit) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ASTOR FOUNDATION | 2 | £2k |
| THE MASTER CHARITABLE TRUST | 1 | £400k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £50k |
| ROBERT LUFF FOUNDATION LIMITED | 1 | £40k |
| THE FIELDROSE CHARITABLE TRUST | 1 | £20k |
| CECIL PILKINGTON CHARITABLE TRUST | 1 | £11k |
| THE ADINT CHARITABLE TRUST | 1 | £10k |
| THE ROGER AND JEAN JEFCOATE TRUST | 1 | £7k |