NACRO
Financial health, per its FY2025 accounts
The accounts state that Nacro reported a total comprehensive income surplus of £1.1m for the year ended 31 March 2025, driven by a £1.1m actuarial gain on its pension scheme liabilities. Per the trustees' report, unrestricted reserves stood at £11.1m, which is within the charity's stated target range of £12.3m plus or minus 10%. The charity holds £10.9m in liquid cash and has no loan financing facilities in place.
What the accounts disclose
“The Finance and Audit Committee have reviewed the workings in detail and recommended that a reserves target of £12.3m +/- a range of 10% is appropriate for the Charity as at 31 March 2025. As at 31 March 2025, reserves stood at £11.3m. Reserves are therefore within the target.”
Leadership, per the charity’s website
- Enver Solomon — Chief Executive
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- NICHOLAS LIONEL HARDWICKchair
- Amanda Mary Dickens
- Anne Frost
- Felicity Oswald
- Joanne Harper
- Maneer Afsar
- Melanie Walker
- Mian Langellier
- Neil Spence
- Philippa Oldmeadow
- Shamaila Farrah Mailk
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £90.3m | £90.5m |
| 31/03/2024 | £77.0m | £77.3m |
| 31/03/2023 | £68.7m | £69.7m |
| 31/03/2022 | £66.8m | £65.8m |
| 31/03/2021 | £60.7m | £59.0m |
Common questions
Is NACRO financially healthy?
The accounts state that Nacro reported a total comprehensive income surplus of £1.1m for the year ended 31 March 2025, driven by a £1.1m actuarial gain on its pension scheme liabilities. Per the trustees' report, unrestricted reserves stood at £11.1m, which is within the charity's stated target range of £12.3m plus or minus 10%. The charity holds £10.9m in liquid cash and has no loan financing facilities in place. Its FY2025 accounts were audited by Crowe U.K. LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 30/01/2014 | £10k | "Life of a Roman soldier in Northern England" |
| The National Lottery Heritage Fund | 28/09/2010 | £22k | "Nacro Young Roots - Rochdale Canal Watch" |
| The National Lottery Heritage Fund | 06/03/2006 | £25k | "Life thru' a Lens" |