THE MAGDI YACOUB INSTITUTE
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
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
“The Trustees wish to have a minimum of £450,000 in reserves to cover closure commitment.” — page 7
“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
“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
“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
“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
“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
Leadership, per the charity’s website
- Professor Sir Magdi Yacoub FRS, OM — Founder/Leader (implied by signature and 'team led by Professor Yacoub')
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
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?
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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE DULVERTON TRUST | FY2023 | £20k | Towards research (not including any commercial partnerships) |
Funders of similar charities
Charities like this
- THE WILLIAM HARVEY RESEARCH FOUNDATION
- THE EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY
- LONDON HEART HOUSE - FOUNDATION FOR CARDIOVASCULAR RESEARCH AND EDUCATION
- HEART RESEARCH UK
- RESEARCH ECHOCARDIOGRAPHY
- FREEMAN HEART & LUNG TRANSPLANT ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MAGDI YACOUB INSTITUTE | £2.2m | — | — | above | — | no doubt |
| THE WILLIAM HARVEY RESEARCH FOUNDATION | £2.4m | — | 0 | unclear | — | no doubt |
| THE EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY | £6.1m | — | — | unclear | — | no doubt |
| LONDON HEART HOUSE - FOUNDATION FOR CARDIOVASCULAR RESEARCH AND EDUCATION | £229k | — | 0 | unclear | — | no doubt |
| HEART RESEARCH UK | £3.4m | — | — | unclear | — | no doubt |
| RESEARCH ECHOCARDIOGRAPHY | £144k | — | 0 | unclear | — | no doubt |