NOTTINGHAM MUNICIPAL CHARITIES
Latest income
£323k
Latest spending
£320k
Registered
1963
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £200,788, which the trustees consider adequate to cover running costs and fund new loans. The charity reported a net incoming resource of £2,835 for the year, with total net assets increasing to £216,273. The trustees confirmed that resources are adequate to continue in business.
What the accounts disclose
Reserves policy: adequate, but not excessive (held: £201k)
“The unrestricted income funds represent reserves to cover the charity’s running costs, to generate income to permit donations to be made, and to fund new loans. The Trustees review the level of the income funds annually, to ensure that they are adequate, but not excessive.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- John Ashton
- LEROY MICHAEL PAYNE
- Richard Nowell FCA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £323k | £320k |
| 31/12/2023 | £303k | £303k |
| 31/12/2022 | £276k | £276k |
| 31/12/2021 | £263k | £262k |
| 31/12/2020 | £259k | £267k |
Common questions
Is NOTTINGHAM MUNICIPAL CHARITIES financially healthy?
The accounts state that unrestricted reserves stood at £200,788, which the trustees consider adequate to cover running costs and fund new loans. The charity reported a net incoming resource of £2,835 for the year, with total net assets increasing to £216,273. The trustees confirmed that resources are adequate to continue in business. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHEMTOV CHARITABLE TRUST | 1 | £25k |
| Chabad Belgravia | 1 | £15k |
| PARKLAKE CHARITY TRUST | 1 | £5k |
| THE JORDAN MAX GOODMAN CHARITABLE TRUST | 1 | £980 |