Charity Accounts Intelreading the accounts so you don’t have to

NIPPLE INNOVATION PROJECT

Registered charity 1188561 · accounts filings on the Charity Commission register · also known as N.I.P

1. Funding long-lasting 3D nipple/areola, and mastectomy tattoos for those affected by nipple loss2. Raising awareness and educate the public about 3D nipple / areola, and mastectomy tattoos3. Providing the public with a trusted directory of medical tattoo artists 4. Supporting emotional and mental wellbeing of breast cancer survivors, mastectomy patients, and others impacted by nipple loss

Causes: General Charitable Purposes · The Advancement Of Health Or Saving Of Lives · Disability · website · Get email alerts

Latest income
£52k
Latest spending
£18k
Registered
2020
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held unrestricted reserves of £33,250 at the end of the financial year, which the examiner noted was over twice the level of yearly expenditure. The trustees' policy is to retain a surplus equating to six months of costs, and the examiner recommended holding no more than 12 months of operating expenditure. The charity reported total income of £52,151 and total expenditure of £18,171, resulting in a net increase in funds.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £6,001 - £7,000
“one trustee, Lucy Thompson, received a total of £6,525 for the provision of restorative areola tattoo services” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Fundraising Income (35% of income)
“Fundraising Income 18,781”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: six months of costs (held: £33k)
“The Trustees made the decision and continue to work towards building and/or retaining a constant surplus, equating the total of six months of costs” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Lucy Thompson received £6,525 for services.
“During the year, one trustee, Lucy Thompson, received a total of £6,525 for the provision of restorative areola tattoo services delivered on behalf of the charity.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Lucy Thompson received £6,525 for services provided to the charity.
“During the year, one trustee, Lucy Thompson, received a total of £6,525 for the provision of restorative areola tattoo services delivered on behalf of the charity.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Examiner noted lack of yearly budget or financial forecast.
“Budgeting & Financial Planning – the charity does not have a yearly budget or financial forecast for the period covered.” — page 11
“Gift Aid claims – eligible donations are not being claimed under the Gift Aid scheme, resulting in potential lost income.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Examiner noted potential lost income from unclaimed Gift Aid.
“Budgeting & Financial Planning – the charity does not have a yearly budget or financial forecast for the period covered.” — page 11
“Gift Aid claims – eligible donations are not being claimed under the Gift Aid scheme, resulting in potential lost income.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 6 of 6 completeness components.

Public fundraising profile: JustGiving — The Nipple Innovation Project (matched by registered charity number).

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

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

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

Income and spending

Financial year endIncomeSpending
31/12/2024£52k£18k
31/12/2023£11k£9k
31/12/2022£12k£7k
31/12/2021£4k£2k
31/12/2020£1k£2k

Common questions

Is NIPPLE INNOVATION PROJECT financially healthy?

Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £33,250 at the end of the financial year, which the examiner noted was over twice the level of yearly expenditure. The trustees' policy is to retain a surplus equating to six months of costs, and the examiner recommended holding no more than 12 months of operating expenditure. The charity reported total income of £52,151 and total expenditure of £18,171, resulting in a net increase in funds. Its FY2024 accounts were independently examined.

What does the highest-paid employee of NIPPLE INNOVATION PROJECT earn?

Per its FY2024 accounts, the highest-paid employee was in the £6,001 - £7,000 band.