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NAZARETH CARE CHARITABLE TRUST

Registered charity 1113666 · accounts filings on the Charity Commission register · also known as VICTOIRE LARMENIER FOUNDATION · also registered in Scotland as SC042374 (OSCR)

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Latest income
£43.3m
Latest spending
£39.5m
Registered
2006
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity recorded a surplus for the year, with total group income increasing to £43.3 million and total net assets rising to £5.2 million. However, the trustees report that unrestricted free reserves remain in a deficit of £3.2 million, which is below the stated policy target of £20 million. The trustees acknowledge material uncertainties regarding the charity's ability to continue as a going concern due to limited headroom to absorb financial risks.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“This is below the target of £20 million which represents six months' operating expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“After considering these factors, the Board has concluded that NCCT has a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future and has therefore prepared the accounts on a going concern basis; however, there are material uncertainties as discussed above.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Loan from CSNCT
“At 31 March 2025, the Group and Charity owed £1,042,660 (2024 - £1,066,660) to The Congregation of the Sisters of Nazareth Charitable Trust. £1 million of the balance sheet relates to a loan agreed in 2022. There is no set term for the loan, and no interest is charged.” — page 42
“During the year, CSNG granted £3.9 million (2024 ‐ £2.25 million) to the Charity (see other income) for the redevelopment of the Hammersmith care home” — page 42
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant from CSNG
“At 31 March 2025, the Group and Charity owed £1,042,660 (2024 - £1,066,660) to The Congregation of the Sisters of Nazareth Charitable Trust. £1 million of the balance sheet relates to a loan agreed in 2022. There is no set term for the loan, and no interest is charged.” — page 42
“During the year, CSNG granted £3.9 million (2024 ‐ £2.25 million) to the Charity (see other income) for the redevelopment of the Hammersmith care home” — page 42
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Rental payments to CSNCT
“At 31 March 2025, the Group and Charity owed £1,042,660 (2024 - £1,066,660) to The Congregation of the Sisters of Nazareth Charitable Trust. £1 million of the balance sheet relates to a loan agreed in 2022. There is no set term for the loan, and no interest is charged.” — page 42
“During the year, CSNG granted £3.9 million (2024 ‐ £2.25 million) to the Charity (see other income) for the redevelopment of the Hammersmith care home” — page 42
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Loan from CSNG to subsidiary
“At 31 March 2025, the Group and Charity owed £1,042,660 (2024 - £1,066,660) to The Congregation of the Sisters of Nazareth Charitable Trust. £1 million of the balance sheet relates to a loan agreed in 2022. There is no set term for the loan, and no interest is charged.” — page 42
“During the year, CSNG granted £3.9 million (2024 ‐ £2.25 million) to the Charity (see other income) for the redevelopment of the Hammersmith care home” — page 42
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£43.3m
Total spending
£39.5m
Cost of raising funds
£1.3m
Reserves (reported)
£4.8m
Employees
1,002

Reported reserves equal ~1.4 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

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Trustees

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£43.3m£39.5m
31/03/2024£37.5m£36.4m
31/03/2023£31.8m£33.8m
31/03/2022£28.8m£34.1m
31/03/2021£29.2m£28.8m

Common questions

Is NAZARETH CARE CHARITABLE TRUST financially healthy?

The accounts state that the charity recorded a surplus for the year, with total group income increasing to £43.3 million and total net assets rising to £5.2 million. However, the trustees report that unrestricted free reserves remain in a deficit of £3.2 million, which is below the stated policy target of £20 million. The trustees acknowledge material uncertainties regarding the charity's ability to continue as a going concern due to limited headroom to absorb financial risks. Its FY2025 accounts were audited by Crowe U.K. LLP.