THE MERESIDE EDUCATION TRUST
Financial health, per its FY2025 accounts
The charity reported a significant surplus of £9,553,733 for the year ended 31 December 2025, driven largely by restricted income received for a school building project. Unrestricted reserves increased substantially to £8,190,215, well above the stated policy target of six months' unrestricted expenditure. The trustees confirmed adequate resources for the foreseeable future with no material uncertainties identified.
What the accounts disclose
“The charity’s policy is to maintain minimum free reserves at a level which equates to six months’ unrestricted expenditure.” — page 5
“As stated in Note 11, Quanto Enterprise Limited is a wholly owned subsidiary undertaking of the Charity.£176,618 (2024 : £243,850) was received by the Charity from the subsidiary under gift aid.” — page 29
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- KALVIN PIERS DEVENISH
- Lewis Justin Baldwin
- MR M HUTCHINS
- Nigel Roberts
- Sean McGrath
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £11.0m | £1.4m |
| 31/12/2024 | £2.1m | £2.0m |
| 31/12/2023 | £4.6m | £2.1m |
| 31/12/2022 | £2.0m | £2.0m |
| 31/12/2021 | £1.5m | £1.6m |
Common questions
Is THE MERESIDE EDUCATION TRUST financially healthy?
The charity reported a significant surplus of £9,553,733 for the year ended 31 December 2025, driven largely by restricted income received for a school building project. Unrestricted reserves increased substantially to £8,190,215, well above the stated policy target of six months' unrestricted expenditure. The trustees confirmed adequate resources for the foreseeable future with no material uncertainties identified. Its FY2025 accounts were audited by mca Banbury Ltd.