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NUGENT CARE 2019

Registered charity 1187072 · accounts filings on the Charity Commission register

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Latest income
£20.4m
Latest spending
£21.4m
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity achieved a net increase in total funds of £1.544m for the year ended 31 March 2024, driven by increased income from charitable activities and investment gains. The charity holds unrestricted reserves of £4.2m, which the trustees consider to be within their stated policy target of six months of support costs. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: 6 months of support costs (held: £4.2m)
“The Trustees have determined that the optimum level of reserves should be in the region of 6 months of support costs.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: One trustee was reimbursed expenses during the year total £131. FCA Services Limited, controlled by a trustee, received £3,554 for professional services.
“One trustee was reimbursed expenses during the year total £131 (2023: £nil). FCA Services Limited is a related party as it is controlled by a trustee. During the year, an amount of £3,554 was paid to the company for professional services provided.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: FCA Services Limited is a related party as it is controlled by a trustee. During the year, an amount of £3,554 was paid to the company for professional services provided.
“FCA Services Limited is a related party as it is controlled by a trustee. During the year, an amount of £3,554 was paid to the company for professional services provided.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by MHA Chartered Accountants and Statutory Auditors. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£20.4m
Total spending
£21.4m
Cost of raising funds
£317k
Reserves (reported)
£2.1m
Employees
473

Reported reserves equal ~1.2 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Isle Of Man · Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£20.4m£21.4m
31/03/2024£21.6m£20.5m
31/03/2023£17.2m£17.8m
31/03/2022£15.7m£15.7m
31/03/2021£17.4m£19.5m

Common questions

Is NUGENT CARE 2019 financially healthy?

The accounts state that the charity achieved a net increase in total funds of £1.544m for the year ended 31 March 2024, driven by increased income from charitable activities and investment gains. The charity holds unrestricted reserves of £4.2m, which the trustees consider to be within their stated policy target of six months of support costs. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by MHA Chartered Accountants and Statutory Auditors.