N1M TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity held free unrestricted reserves of £21,723 as of 31 March 2024, which is below its stated policy target of 3 to 6 months of unrestricted expenditure. The charity reported a net movement in funds of a deficit for the year, with total expenditure exceeding total income.
What the accounts disclose
“We are continuing to fundraise to build up reserves in adherence to our reserves policy of 3 to 6 months unrestricted expenditure. The amount of free reserves held as at 31 March 2024 £21,723.” — page 6
“During the year the Charity provided grants of a total of £110,800 (2023 £116,510) to Not1More, a Community Incorporated Company registered in England and Wales under common control.” — page 21
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Trustees
- Dr Rachel Huxleychair
- Dr Jethro Pettit
- Jenny Natasha Clayton
- Maureen Grant
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £301k | £265k |
| 31/03/2024 | £70k | £120k |
| 31/03/2023 | £110k | £171k |
| 31/03/2022 | £190k | £125k |
| 31/03/2021 | £168k | £85k |
Common questions
Is N1M TRUST financially healthy?
The accounts state that the charity held free unrestricted reserves of £21,723 as of 31 March 2024, which is below its stated policy target of 3 to 6 months of unrestricted expenditure. The charity reported a net movement in funds of a deficit for the year, with total expenditure exceeding total income. Its FY2024 accounts were audited by Wenn Townsend.
Who funds N1M TRUST?
Funders whose own accounts filings name N1M TRUST as a grant recipient include THE JOSEPH ROWNTREE CHARITABLE TRUST, THE RODDICK FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2024 | £80k |
| THE RODDICK FOUNDATION | FY2025 | £15k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THIRTY PERCY FOUNDATION | 1 | £220k |
| BACON FOUNDATION LTD | 1 | £60k |
| THE LANKELLYCHASE FOUNDATION | 1 | £60k |
| THE 3 TS CHARITABLE TRUST | 1 | £50k |
| GOWER STREET | 1 | £24k |
| THE A TEAM FOUNDATION LIMITED | 1 | £20k |
| SWIRE 2765 | 1 | £15k |