RAF NORTHOLT HERITAGE CHARITABLE FOUNDATION
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Latest income
£28k
Latest spending
£28k
Registered
2022
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £11,721 at the end of the period, which is below the stated policy target of three to six months of operational expenses. The charity reported a small net surplus of £102 for the year, with total receipts of £28,313 and total payments of £28,415.
What the accounts disclose
Fundraising cost ratio: 3.0% of fundraised income
“The Charity aims to hold sufficient reserves to ensure financial stability and the ability to meet its obligations and commitments. The reserves will be evaluated annually, considering the Charity’s operational needs, future project funding and potential risks. A target reserve level equivalent to three to six months of operational expenses will be established to provide a buffer against unforeseen circumstances, such as fluctuations in income or unexpected expenditure.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £12k; policy: three to six months of operational expenses)
“The Charity aims to hold sufficient reserves to ensure financial stability and the ability to meet its obligations and commitments. The reserves will be evaluated annually, considering the Charity’s operational needs, future project funding and potential risks. A target reserve level equivalent to three to six months of operational expenses will be established to provide a buffer against unforeseen circumstances, such as fluctuations in income or unexpected expenditure.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- Group Captain Lee Waleschair
- James Vere Nicoll
- John Sebastian Cox
- RICHARD KORNICKI CBE DL
- Sharon Teresa Tina Ward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £28k | £28k |
| 31/05/2024 | £34k | £28k |
| 31/05/2023 | £6k | £8k |
Common questions
Is RAF NORTHOLT HERITAGE CHARITABLE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £11,721 at the end of the period, which is below the stated policy target of three to six months of operational expenses. The charity reported a small net surplus of £102 for the year, with total receipts of £28,313 and total payments of £28,415. Its FY2025 accounts were independently examined.