HMC PROJECTS IN CENTRAL AND EASTERN EUROPE
The main business of HMC Projects in Central and Eastern Europe is to enable students from the former communist bloc to spend one or two years in a British Independent school in Years 12 and 13.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £5,980 for the year ended 31 August 2025, resulting in a decrease in unrestricted reserves to £274,936. The trustees note that the charity is in the process of a phased reduction in reserves to offset rising costs, while maintaining a policy of holding at least 50% of annual turnover in reserve. Per the trustees' report, the charity remains solvent with no material uncertainty regarding its ability to continue as a going concern.
What the accounts disclose
“Charitable activities Scholar selection and placement 52,831”
“The policy of holding a sum of at least 50% of the annual turnover in reserve has been maintained, indeed exceeded.” — page 7
Trustees
- ANGUS WILLIAM MCPHAIL
- Andrew James Harington Fisher
- Damian Adam Paul King
- David John Knapman
- David Richard Ogilivie Hawkins
- Dr Ross Barrand
- Jane Sara Gandee
- John Francis Vick
- Maurice Henry Walters
- Philippa Julie Mary Scudds
- RACHEL CLARE FOX OWENS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £67k | £73k |
| 31/08/2024 | £81k | £71k |
| 31/08/2023 | £95k | £71k |
| 31/08/2022 | £96k | £46k |
| 31/08/2021 | £91k | £61k |
Common questions
Is HMC PROJECTS IN CENTRAL AND EASTERN EUROPE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £5,980 for the year ended 31 August 2025, resulting in a decrease in unrestricted reserves to £274,936. The trustees note that the charity is in the process of a phased reduction in reserves to offset rising costs, while maintaining a policy of holding at least 50% of annual turnover in reserve. Per the trustees' report, the charity remains solvent with no material uncertainty regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.