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

NOTTINGHAM GORDON MEMORIAL TRUST FOR BOYS AND GIRLS

Registered charity 212536 · accounts filings on the Charity Commission register · also known as NOTTINGHAM GORDON MEMORIAL HOME FOR BOYS

1. To promote education and assist persons under the age of 25 resident in Nottingham to pursue their education or training and may also provide grants for clothing, tools, instruments, or books and may include overseas travel to pursue education.2. To provide grants for persons under the age of 25 resident in Nottingham to relieve conditions of need, hardship or distress.

Causes: Education/training · The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£38k
Latest spending
£31k
Registered
1971
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total unrestricted funds increased to £1,629,257, driven by significant investment gains of £109,277 which offset a net expenditure on charitable activities. The trustees report adequate resources for the foreseeable future, noting that income is generated from investments and bank deposits to fund charitable grants.

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

What the accounts disclose

Reserves policy: enough funds are held in reserve to be able to continue the present level of activity for liabilities arising in the event of the charity ceasing to exist (held: £1.6m)
“The Trustees have established a policy whereby the unrestricted general funds not committed should be invested in interest-bearing bank accounts or other income-generating form until required by the charity. The Trustees endeavour to ensure that enough funds are held in reserve to be able to continue the present level of activity for liabilities arising in the event of the charity ceasing to exist.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

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

Trustees · trustee networks

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

Operates in: Nottingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£38k£31k
31/12/2023£35k£34k
31/12/2022£31k£50k
31/12/2021£28k£38k
31/12/2020£31k£33k

Common questions

Is NOTTINGHAM GORDON MEMORIAL TRUST FOR BOYS AND GIRLS financially healthy?

Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £1,629,257, driven by significant investment gains of £109,277 which offset a net expenditure on charitable activities. The trustees report adequate resources for the foreseeable future, noting that income is generated from investments and bank deposits to fund charitable grants. Its FY2024 accounts were independently examined.