THE NAGLE FAMILY FOUNDATION

Registered charity 1178593 · accounts filings on the Charity Commission register

Latest income
£150k
Latest spending
£260k
Registered
2018
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves decreased from £1,181,401 to £1,121,861 during the year, resulting in a net deficit of £59,540. The trustees aim to maintain free reserves to respond to grant applications and cover support costs, noting that the charity needs cash reserves to ensure stable service provision and meet contractual obligations. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: maintain free reserves in unrestricted funds to respond to applications for grants and ensure that support and governance costs are covered (held: £1.1m)
The trustees aim to maintain free reserves in unrestricted funds to respond to applications for grants and ensure that support and governance costs are covered. — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Hugh McCarthy & Associates.

Structured financials (annual return, FY ending 31/05/2022)

Total income
£626k
Total spending
£361k
Reserves (reported)
£1.4m
Employees
0

Reported reserves equal ~45.6 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Ireland · Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/05/2025£150k£260k
31/05/2024£165k£225k
31/05/2023£150k£341k
31/05/2022£626k£361k
31/05/2021£500k£468k

Common questions

Is THE NAGLE FAMILY FOUNDATION financially healthy?

The accounts state that unrestricted reserves decreased from £1,181,401 to £1,121,861 during the year, resulting in a net deficit of £59,540. The trustees aim to maintain free reserves to respond to grant applications and cover support costs, noting that the charity needs cash reserves to ensure stable service provision and meet contractual obligations. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Hugh McCarthy & Associates.

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