THE MAGDI YACOUB INSTITUTE
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.
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.
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
Register events
- Received assets from another charity (26/01/2017)
Trustees
- ALAN HARGREAVES
- ASGHAR KHAGHANI
- Dr Hatem Abdullah Soliman Aboumarie
- Dr Mahmoud Saleh Barbir
- PROFESSOR YACOUB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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.