THE MAGDI YACOUB INSTITUTE

Registered charity 1082750 · accounts filings on the Charity Commission register · also known as HAREFIELD RESEARCH FOUNDATION

To carry out research into all aspects of human heart disease including prevention, treatment and rehabilitation. Undertaking and promoting research in relation to cardiac transplant surgery, human heart valves, tissue engineering, circulatory support, immunology of the heart, biochemistry of heart failure, biology of human blood vessels, molecular aspects of heart disease and genetic research

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · website · Get email alerts

Latest income
£2.2m
Latest spending
£1.7m
Registered
2000
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a surplus of £462,202 for the year ended 31 March 2025, resulting in total unrestricted and restricted funds of £5,087,659. Per the trustees' report, free reserves excluding designated and restricted funds stood at £823,694, which is above the stated minimum policy target of £450,000. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.

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

What the accounts disclose

Reserves policy: minimum of £450,000 (held: £824k)
“The Trustees wish to have a minimum of £450,000 in reserves to cover closure commitment.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Recharges to Magdi Yacoub Foundation
“Costs of £320,340 (2024: £291,141) were incurred by Magdi Yacoub Institute (MYI) and recharged to Magdi Yacoub Foundation (MYF) as agreed between the entities. Dr Magdy Ishak was the Chairman of MYF and a trustee of MYI during the year ending 31 March 2024. At the year end a balance of £334,561 (2024: £15,472) was due from MYF.” — page 26
“During the year MYI received restricted grants from the Magdi Yacoub Global Heart Foundation (MYGHF) totalling £193,348 (2024: £146,864). Sir Magdi Yacoub is a board member of MYGHF and trustee of MYI for the year ending 31 March 2025 and 31 March 2024.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grants from Magdi Yacoub Global Heart Foundation
“Costs of £320,340 (2024: £291,141) were incurred by Magdi Yacoub Institute (MYI) and recharged to Magdi Yacoub Foundation (MYF) as agreed between the entities. Dr Magdy Ishak was the Chairman of MYF and a trustee of MYI during the year ending 31 March 2024. At the year end a balance of £334,561 (2024: £15,472) was due from MYF.” — page 26
“During the year MYI received restricted grants from the Magdi Yacoub Global Heart Foundation (MYGHF) totalling £193,348 (2024: £146,864). Sir Magdi Yacoub is a board member of MYGHF and trustee of MYI for the year ending 31 March 2025 and 31 March 2024.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from Sir Magdi Yacoub and family
“Costs of £320,340 (2024: £291,141) were incurred by Magdi Yacoub Institute (MYI) and recharged to Magdi Yacoub Foundation (MYF) as agreed between the entities. Dr Magdy Ishak was the Chairman of MYF and a trustee of MYI during the year ending 31 March 2024. At the year end a balance of £334,561 (2024: £15,472) was due from MYF.” — page 26
“During the year MYI received restricted grants from the Magdi Yacoub Global Heart Foundation (MYGHF) totalling £193,348 (2024: £146,864). Sir Magdi Yacoub is a board member of MYGHF and trustee of MYI for the year ending 31 March 2025 and 31 March 2024.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management services from connected company
“Costs of £320,340 (2024: £291,141) were incurred by Magdi Yacoub Institute (MYI) and recharged to Magdi Yacoub Foundation (MYF) as agreed between the entities. Dr Magdy Ishak was the Chairman of MYF and a trustee of MYI during the year ending 31 March 2024. At the year end a balance of £334,561 (2024: £15,472) was due from MYF.” — page 26
“During the year MYI received restricted grants from the Magdi Yacoub Global Heart Foundation (MYGHF) totalling £193,348 (2024: £146,864). Sir Magdi Yacoub is a board member of MYGHF and trustee of MYI for the year ending 31 March 2025 and 31 March 2024.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management services from connected individual
“Costs of £320,340 (2024: £291,141) were incurred by Magdi Yacoub Institute (MYI) and recharged to Magdi Yacoub Foundation (MYF) as agreed between the entities. Dr Magdy Ishak was the Chairman of MYF and a trustee of MYI during the year ending 31 March 2024. At the year end a balance of £334,561 (2024: £15,472) was due from MYF.” — page 26
“During the year MYI received restricted grants from the Magdi Yacoub Global Heart Foundation (MYGHF) totalling £193,348 (2024: £146,864). Sir Magdi Yacoub is a board member of MYGHF and trustee of MYI for the year ending 31 March 2025 and 31 March 2024.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — The Magdi Yacoub Institute (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.2m
Total spending
£1.7m
Cost of raising funds
£372k
Reserves (reported)
£824k
Employees
10

Reported reserves equal ~5.7 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 16.9% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Register events

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
31/03/2025£2.2m£1.7m
31/03/2024£1.1m£1.6m
31/03/2023£890k£1.6m
31/03/2022£2.2m£1.4m
31/03/2021£1.1m£1.2m

Common questions

Is THE MAGDI YACOUB INSTITUTE financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a surplus of £462,202 for the year ended 31 March 2025, resulting in total unrestricted and restricted funds of £5,087,659. Per the trustees' report, free reserves excluding designated and restricted funds stood at £823,694, which is above the stated minimum policy target of £450,000. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Moore Kingston Smith LLP.

Who funds THE MAGDI YACOUB INSTITUTE?

Funders whose own accounts filings name THE MAGDI YACOUB INSTITUTE as a grant recipient include THE DULVERTON TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE DULVERTON TRUSTFY2023£20kTowards research (not including any commercial partnerships)

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE WILLIAM HARVEY RESEARCH FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE MAGDI YACOUB INSTITUTE£2.2m——above—no doubt
THE WILLIAM HARVEY RESEARCH FOUNDATION FY2025£2.4m—0unclear—no doubt
THE EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY FY2025£6.1m——unclear—no doubt
LONDON HEART HOUSE - FOUNDATION FOR CARDIOVASCULAR RESEARCH AND EDUCATION FY2025£229k—0unclear—no doubt
HEART RESEARCH UK FY2025£3.4m——unclear—no doubt
RESEARCH ECHOCARDIOGRAPHY FY2026£144k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.