DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net inflow of resources of £977,488 for the year ended 31 December 2023, resulting in total net assets of £21,418,403. The trustees note that free reserves total £5,500,000 and are satisfied that this level of free cash reserves remains prudent given continuing economic uncertainties. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The CEO received total remuneration of £146,821 (2022 £155,923) for the year to 31 December 2023.” — page 31
“The Trustees note that free reserves (after having regarded all sums already committed or earmarked for future projects) total a sum of £5,500,000 inclusive of readily realisable investments and cash reserves. The Board is satisfied that the level of free cash reserves (in cash or readily realisable investments) remains prudent for the DFN Foundation given the continuing economic uncertainties.” — page 10
“In 2021 Forbes Capital Investments Limited provided the use of an employee to undertake administrative services for the DFN Foundation and on behalf of David Forbes-Nixon in his role as Trustee. At the year end the DFN Foundation owed £nil (2022 £11,785) to Forbes Capital Investments Limited.” — page 42
Trustees
- DAVID FORBES-NIXONchair
- Eric William Low
- Harry Forbes-Nixon
- James Dickson
- Nicola Brentnall
- SIMON NICHOLAS KONSTA
- Tom O'Beirne
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £319k | £596k |
| 31/12/2023 | £320k | £567k |
| 31/12/2022 | £419k | £654k |
| 31/12/2021 | £407k | £1.2m |
| 31/12/2020 | £455k | £1.5m |
Common questions
Is DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION financially healthy?
The accounts state that the charity reported a net inflow of resources of £977,488 for the year ended 31 December 2023, resulting in total net assets of £21,418,403. The trustees note that free reserves total £5,500,000 and are satisfied that this level of free cash reserves remains prudent given continuing economic uncertainties. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Dixon Wilson Audit Services LLP.
What does the highest-paid employee of DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION earn?
Per its FY2023 accounts, the highest-paid employee was in the £140,001 - £150,000 band.