Advance Nottingham
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a net surplus of £56,155 for the year ended 31 March 2023, with total income rising to £1.134m. Per the trustees' report, the organisation holds unrestricted reserves of £1.516m, which significantly exceeds its stated policy target of at least £100k. The trustees confirm that the charity is well-positioned to continue as a going concern, supported by trading profits and external grant funding.
What the accounts disclose
“The number of employees whose annual remuneration (staff costs and pension contributions) was £60,000 or more were: 2023 Number 1 £60,001 - £70,000” — page 31
“The number of employees whose annual remuneration (staff costs and pension contributions) was £60,000 or more were: 2023 Number 1” — page 31
“The approved Reserves Policy identifies that, under the current circumstances, the estimated level of reserves should be at least £100k”
“The Charity has established a wholly owned trading subsidiary, Castle Cavendish Limited (the Trading Arm).” — page 3
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 1 (FY2023).
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Andrew Michael Atherton
- Bengisu Sahin
- Jay Paul Ludditt
- John Abdo Rowland Ydlibi
- Natalie Rebecchi
- Parveen Begum
- SHOAIB KHAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £161k | £308k |
| 31/03/2024 | £1.1m | £1.2m |
| 31/03/2023 | £1.1m | £1.1m |
| 31/03/2022 | £1.1m | £1.1m |
| 31/03/2021 | £906k | £1.0m |
Common questions
Is Advance Nottingham financially healthy?
The accounts state that the charity achieved a net surplus of £56,155 for the year ended 31 March 2023, with total income rising to £1.134m. Per the trustees' report, the organisation holds unrestricted reserves of £1.516m, which significantly exceeds its stated policy target of at least £100k. The trustees confirm that the charity is well-positioned to continue as a going concern, supported by trading profits and external grant funding. Its FY2023 accounts were audited by Rogers Spencer.
What does the highest-paid employee of Advance Nottingham earn?
Per its FY2023 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/07/2024 | £50k | "Haydn Road Heritage Project" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FOYLE FOUNDATION | 1 | £200k |
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £11k |
| THE MARY ROBERTSON TRUST | 1 | £6k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £5k |
| THE JONES 1986 CHARITABLE TRUST | 1 | £5k |
| THE THOMAS FARR CHARITY | 1 | £5k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £4k |
| J N DERBYSHIRE TRUST | 1 | £3k |