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

The Nixon Foundation

Registered charity 280365 · accounts filings on the Charity Commission register · also known as PAUL NORMAN CHARITABLE SETTLEMENT, PAUL NORMAN CHARITABLE TRUST, SCHOLARSHIPS FOR KIDS

The charity has a mission to promote the arts culture and education

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · Get email alerts

Latest income
£33k
Latest spending
£394k
Registered
1980
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds unrestricted funds of negative £361,161 as of 5 April 2025, resulting from significant expenditure on charitable activities relative to incoming resources. The trustees note that reserves are currently negative but rely on the continued financial support of one trustee to maintain adequate resources for the foreseeable future. The charity is described as being in the early stages of development, having recently acquired a property to further its objectives.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £-361k; policy: between three and six month’s expenditure)
“Although reserves are currently negative at 5th April 2025, the charity is in the early stages of development and one of the trustees is committed to supporting the charity financially.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Mr S Nixon, a trustee of the charity, has made a loan to the charity which is secured on the property purchased with that loan. Details of the terms of this loan can be found in note 14 above, Interest of £352,008 (2024 - £nil) was charged in the year on the loan.
“Mr S Nixon, a trustee of the charity, has made a loan to the charity which is secured on the property purchased with that loan. Details of the terms of this loan can be found in note 14 above, Interest of £352,008 (2024 - £nil) was charged in the year on the loan. Also, Mr Nixon has given an indemnity to the trustees and to the charity against any losses arising to them as an alternative to taking out trustees insurance or building insurance.” — page 15
Per its FY2025 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: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
05/04/2025£33k£394k
05/04/2024£630£690
05/04/2023£1k£1k
05/04/2022£560£560
05/04/2021£510£540

Common questions

Is The Nixon Foundation financially healthy?

Per its FY2025 accounts: The accounts state that the charity holds unrestricted funds of negative £361,161 as of 5 April 2025, resulting from significant expenditure on charitable activities relative to incoming resources. The trustees note that reserves are currently negative but rely on the continued financial support of one trustee to maintain adequate resources for the foreseeable future. The charity is described as being in the early stages of development, having recently acquired a property to further its objectives. Its FY2025 accounts were independently examined.