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

NUCLEUS FOUNDATION

Registered charity 1200800 · accounts filings on the Charity Commission register

Grant making charity which (1) supports those who are in need, whether as a result of financial hardship, disability, illness, age or other disadvantage (2) preserves and protect good health and (3) advances education and opportunities available to beneficiaries.

Objects

FOR THE PUBLIC BENEFIT, TO FURTHER SUCH CHARITABLE PURPOSES (CHARITABLE UNDER ENGLISH LAW) AS THE TRUSTEES SEE FIT FROM TIME TO TIME, IN PARTICULAR BUT NOT LIMITED TO THE ADVANCEMENT OF EDUCATION, THE PREVENTION OR RELIEF OF POVERTY AND THE PROMOTION OF GOOD HEALTH AND WELLBEING, BY MAKING GRANTS AND AWARDS TO INDIVIDUALS, OR TO REGISTERED CHARITIES, NOT-FOR-PROFIT ORGANISATIONS OR LOCAL AUTHORITIES.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Get email alerts

Latest income
£26k
Latest spending
£88k
Registered
2022
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity's unrestricted free reserves total £477,745, which the trustees believe is sufficient to continue pursuing its objects. The charity reported a net deficit of £61,805 for the year, having spent £87,666 on charitable activities against income of £25,861. The charity is expected to continue as a going concern for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient to ensure that the charity could continue if there was a significant fall in income whilst they sought further funding or income streams (held: £478k)
“The trustees believe that this level is sufficient to ensure that the charity could continue if there was a significant fall in income whilst they sought further funding or income streams and therefore confirm that the charity is acting in line with the set reserves policy.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity has an agreement with Nucleus Financial for the use of the brand and offices. No specific monetary amount is disclosed in the text for this arrangement.
“The Charity has an agreement in place with Nucleus Financial for the use of the Nucleus brand and to use Nucleus offices for trustee meetings and as the registered office for the Charity.”
Per its FY2025 accounts as filed with the Charity Commission.
Governance: The management letter identifies that 'Trustee meeting minutes were not maintained, or were not available for inspection, for meetings held during the year.' This constitutes an internal control failure/governance deficiency explicitly stated in the examiner's report.
“Trustee meeting minutes were not maintained, or were not available for inspection, for meetings held during the year.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£633k
Total spending
£38k
Reserves (reported)
£595k
Employees
0

Per its annual return, largest income source: Donations and legacies (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income.

Trustees · trustee networks

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2025£26k£88k
31/12/2024£19k£75k
31/12/2023£633k£38k

Common questions

Is NUCLEUS FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity's unrestricted free reserves total £477,745, which the trustees believe is sufficient to continue pursuing its objects. The charity reported a net deficit of £61,805 for the year, having spent £87,666 on charitable activities against income of £25,861. The charity is expected to continue as a going concern for the foreseeable future. Its FY2025 accounts were independently examined.