THE BERNICIA FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £14,300 for the year, resulting in total net assets of £25,236. However, the going concern basis relies on continued financial support from the parent company, Bernicia Group, with the trustees acknowledging there is no certainty that this support will continue. Unrestricted reserves stood at £13,108, while the trustees' policy indicates an intention to spend reserves rather than hold significant balances.
What the accounts disclose
“As the Foundation’s objective is to make grants each year which, when added to running costs, broadly equal its income, the Trustees do not intend that there should be a significant balance of reserves held.”
“Those forecasts are dependent on Bernicia Group providing additional financial support during that period. Bernicia Group has indicated its intention to continue to make available such funds as are needed by the company for the period covered by the forecasts. As with any company placing reliance on other group entities for financial support, the Trustees acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.” — page 7
“During the year donations of £200,000 were made to The Bernicia Foundation by Bernicia Group and donations of £13,000 were made to The Bernicia Foundation by Kingston Property Services Limited.”
“Governance costs - Governance costs comprise of all costs incurred in the governance of the Trust, including costs relating to statutory audit, professional fees, and management charges payable to the parent.” — page 16
“During the year donations of £200,000 were made to The Bernicia Foundation by Bernicia Group and donations of £13,000 were made to The Bernicia Foundation by Kingston Property Services Limited.”
“Governance costs - Governance costs comprise of all costs incurred in the governance of the Trust, including costs relating to statutory audit, professional fees, and management charges payable to the parent.” — page 16
Funders the charity credits
Structured financials (annual return, FY ending 31/03/2021)
Trustees
- Lesley Moodychair
- AVRIL GIBSON
- Carol Meredith
- Teri Ann Bayliss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £213k | £199k |
| 31/03/2024 | £200k | £203k |
| 31/03/2023 | £200k | £259k |
| 31/03/2022 | £300k | £222k |
| 31/03/2021 | £503k | £508k |
Common questions
Is THE BERNICIA FOUNDATION financially healthy?
The accounts state that the charity generated a surplus of £14,300 for the year, resulting in total net assets of £25,236. However, the going concern basis relies on continued financial support from the parent company, Bernicia Group, with the trustees acknowledging there is no certainty that this support will continue. Unrestricted reserves stood at £13,108, while the trustees' policy indicates an intention to spend reserves rather than hold significant balances. Its FY2025 accounts were audited by Beever and Struthers.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| CRISIS UK | 1 | £463k |
| THE SHANLY FOUNDATION | 1 | £10k |
| ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY | 1 | £5k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £4k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER AND ST LEONARD, HORBURY WITH ST JOHN, HORBURY BRIDGE | 1 | £4k |