THE NUFFIELD FOUNDATION

Charity number: 206601
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The advancement of social well being, particularly by scientific research. We do this in two ways: by supporting research, enquiry and innovative development that will contribute to the improvement of policy and practice; and by supporting young people to develop their interest in science, technology, engineering and maths (STEM).

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£8,538,000

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Donations and legacies £4.22m
Charitable activities £126.00k
Other trading activities £0
Investments £4.16m
Other £38.00k

Total expenditure:
£23,142,000

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Raising funds £1.18m
Charitable activities £21.96m
Other £0

£37,945,000 investments gains (losses)

Total income includes £3,156,000 from 2 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £1.18m
Charitable expenditure £21.96m

People

90 Employee(s)

7 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 8
£80k to £90k 3
£90k to £100k 3
£100k to £110k 4
£130k to £140k 1
£150k to £200k 1

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for being a trustee.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Organisations
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 22 September 1962: Standard registration
  • 29 February 1996: Removed
Organisation type:
Trust
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Sir Keith Burnett CBE Chair 01 October 2017
THE INSTITUTE OF PHYSICS
Received: On time
Professor Brian David Bell Trustee 01 October 2023
None on record
Dame Clare Tickell Trustee 01 April 2022
None on record
Professor Lorraine Margaret Dearden Trustee 01 May 2021
None on record
Professor Ash Amin CBE Trustee 01 September 2020
None on record
Professor Ann Alison Phoenix Trustee 01 September 2020
None on record
John James Pullinger CB Trustee 01 September 2020
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £4.40m £4.42m £11.67m £5.41m £8.54m
Total expenditure £21.57m £22.69m £30.15m £24.91m £23.14m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £525.50k £534.21k £6.44m £1.32m £3.16m
Income - Donations and legacies £932.00k £1.43m £7.66m £2.58m £4.22m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £31.00k £642.00k £416.00k £61.00k £126.00k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £3.44m £2.34m £3.59m £2.75m £4.16m
Income - Other £4.00k £5.00k £1.00k £13.00k £38.00k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £20.33m £21.56m £28.51m £23.19m £21.96m
Expenditure - Raising funds £1.24m £1.14m £1.63m £1.72m £1.18m
Expenditure - Governance £144.00k £239.00k £139.00k £161.00k £176.00k
Expenditure - Grants institution £14.27m £13.48m £15.96m £12.86m £10.43m
Expenditure - Investment management £1.24m £1.14m £1.63m £1.72m £1.18m
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £5.41m £6.80m £6.94m £2.05m £1.84m
Long-term investments £437.48m £466.09m £542.05m £497.61m £517.66m
Other assets £1.63m £3.64m £9.12m £6.22m £6.46m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £32.83m £35.87m £42.52m £40.74m £37.49m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 07 June 2024 On Time
Accounts and TAR 31 December 2023 07 June 2024 On Time Download Open in new window
Annual return 31 December 2022 31 May 2023 On Time
Accounts and TAR 31 December 2022 31 May 2023 On Time Download Open in new window
Annual return 31 December 2021 31 August 2022 On Time
Accounts and TAR 31 December 2021 31 August 2022 On Time Download Open in new window
Annual return 31 December 2020 28 July 2021 On Time
Accounts and TAR 31 December 2020 28 July 2021 On Time Download Open in new window
Annual return 31 December 2019 20 July 2020 On Time
Accounts and TAR 31 December 2019 20 July 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DEEDS OF 9 JUNE 1943, 8 NOVEMBER 1946 AND 27 JULY 1951, SCHEMES DATED 5 JULY 1955, AND 3 OCTOBER 1978, DEED DATED 20 JUNE 1988, ORDER OF 4 FEBRUARY 2003, RESOLUTION OF THE TRUSTEES OF 14/11/ 2003 AND DEED OF ADDITION OF 26/03/2004 AS AMENDED BY RESOLUTION DATED 04 NOV 2016

Charitable objects

1. ADVANCEMENT OF HEALTH AND PREVENTION AND RELIEF OF SICKNESS. 2. ADVANCEMENT OF SOCIAL WELL BEING. 3. ADVANCEMENT OF EDUCATION. 4. CARE AND COMFORT OF THE AGED POOR. 5. THE RELIEF OF THE BLIND; THE RELIEF OF THE PROFOUNDLY DEAF; THE RELIEF OF THOSE WHO ARE BOTH DEAF AND DUMB; THE RELIEF OF CHILDREN SUFFERING FROM PHYSICAL MENTAL OR OTHER HANDICAP. 6. ANY SUCH OTHER CHARITABLE PURPOSES AS DECLARED BY LORD NUFFIELD IN HIS LIFE TIME OR AFTER HIS DEATH, BY ALL THE ORDINARY AND MANAGING TRUSTEES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED.

Linked charities

Linked charities
Linked charity 206601-3 C A POWER-CLUTTERBUCK FUND
Governing document
WILL DATED 14 JAN. 1950
Charitable objects
THE PROMOTION OF RESEARCH INTO THE PREVENTION AND CURE OF RHEUMATISM OR THE RELIEF OR TREATMENT OF PERSONS SUFFERING FROM RHEUMATISM OF OTHER DISEASES
Area of benefit
NATIONAL
Registration history
  • 22 September 1962 : Standard registration
  • 29 February 1996 : Removed

Contact information

Address:
100 St. John Street
LONDON
EC1M 4EH
Phone:
0207 631 0566
Email:
info@nuffieldfoundation.org
Website:

http://www.nuffieldfoundation.org Open in new window