THE NAGLE FAMILY FOUNDATION
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
“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
Structured financials (annual return, FY ending 31/05/2022)
Trustees
- Peter Naglechair
- Adam James Nagle
- Helena Ciara Nagle
- PAUL NAGLE
- Rebecca Helena Nagle
- SHARON NAGLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| E AND E KERNKRAUT CHARITIES LIMITED | 1 | £26k |
| RONTADES LIMITED | 1 | £25k |
| BEIS KOSOV | 1 | £9k |
| SHAAREI RACHAMIM LIMITED | 1 | £8k |
| KAHAL IMREI CHAIM LIMITED | 1 | £5k |
| TRUEDENE CO LIMITED | 1 | £5k |