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NORTHGATE FOUNDATION

Registered charity 310492 · accounts filings on the Charity Commission register · also known as NORTHGATE SCHOOLS FOUNDATION

The Northgate Foundation issues grants to young people on low income in Ipswich, to assist them in furthering their education.

Causes: Education/training · website · Get email alerts

Latest income
£29k
Latest spending
£30k
Registered
1968
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds decreased from £466,131 to £417,020 due to a net expenditure exceeding income. The trustees confirm that reserves are maintained at a level equivalent to between three and six months' expenditure, which they consider sufficient to continue activities.

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

What the accounts disclose

Largest income source: none
“Income from Ipswich School” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: between three and six month’s expenditure (held: £417k)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/03/2025£29k£30k
31/03/2024£45k£42k
31/03/2023£45k£36k
31/03/2022£44k£30k
31/03/2021£47k£3k

Common questions

Is NORTHGATE FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted funds decreased from £466,131 to £417,020 due to a net expenditure exceeding income. The trustees confirm that reserves are maintained at a level equivalent to between three and six months' expenditure, which they consider sufficient to continue activities. Its FY2025 accounts were independently examined.