NORTHCOTT DEVON MEDICAL FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased to £116,096, with a total net asset value of £2.81 million. The trustees' policy is to maintain a very minimum of unspent income reserves, expecting to have largely spent income reserves at any one time. The independent examiner confirmed that no material matters came to their attention during the examination of the accounts.
What the accounts disclose
“The reserves policy is to maintain a very minimum of unspent income reserves.”
“The Secretary, Mr R E T Borton is the sole director and shareholder of Scanniclift Limited. That firm provided secretarial and accounting services for the first part of the year at a cost of £1,500 (no VAT).” — page 3
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/10/2025 | £147k | £29k |
| 05/10/2024 | £74k | £61k |
| 05/10/2023 | £367k | £42k |
| 05/10/2022 | £70k | £77k |
| 05/04/2021 | £42k | £53k |
Common questions
Is NORTHCOTT DEVON MEDICAL FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £116,096, with a total net asset value of £2.81 million. The trustees' policy is to maintain a very minimum of unspent income reserves, expecting to have largely spent income reserves at any one time. The independent examiner confirmed that no material matters came to their attention during the examination of the accounts. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| COUNTY AIR AMBULANCE TRUST | 1 | £354k |
| PARKINSON'S DISEASE SOCIETY OF THE UNITED KINGDOM | 1 | £169k |
| THE ELWYN THOMAS MEMORIAL FUND | 1 | £43k |
| CONSERVATION COLLECTIVE | 1 | £14k |
| G F EYRE CHARITABLE TRUST | 1 | £1k |
| MOTABILITY | 1 | £763 |