ADVANCE HE
Latest income
£17.6m
Latest spending
£17.8m
Registered
2004
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £193k for the year ended 31 July 2025, funded by drawing down reserves. Per the trustees' report, unrestricted reserves stood at £4,983k, which the charity considers to be in accordance with its reserves policy target of three months of operational expenditure.
What the accounts disclose
Reserves policy: three months of operational expenditure (held: £5.0m)
“Advance HE’s reserves policy has a target level of total unrestricted reserves of 3 months of operational expenditure” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2024) to "above" (FY2025).
Structured financials (annual return, FY ending 31/07/2025)
Total income
£17.6m
Total spending
£17.8m
Reserves (reported)
£5.0m
Employees
182
Register events
- Received assets from another charity (17/09/2019)
- Received assets from another charity (25/03/2019)
Trustees
- Professor Mark Edmund Smithchair
- Alexandra Owen
- Alexandra Owen
- Annette Hay
- Dr Samuel Grogan
- Janet Legrand
- Paul Woodgates
- Professor David Mba
- Professor David Sadler
- Professor Elwen Evans
- Professor Joanna Newman
- Professor Karen O'Brien
- Professor Parveen Yaqoob
- Professor Randall Whittaker
- Professor Stephen Decent
- Professor Susan Rigby
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £17.6m | £17.8m |
| 31/07/2024 | £19.2m | £10.0m |
| 31/07/2023 | £17.4m | £16.8m |
| 31/07/2022 | £16.0m | £27.1m |
| 31/07/2021 | £15.3m | £13.7m |
Common questions
Is ADVANCE HE financially healthy?
The accounts state that the charity reported a net deficit of £193k for the year ended 31 July 2025, funded by drawing down reserves. Per the trustees' report, unrestricted reserves stood at £4,983k, which the charity considers to be in accordance with its reserves policy target of three months of operational expenditure. Its FY2025 accounts were audited by AAB Audit & Accountancy Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AL Philanthropies | 1 | £18.3m |
| FRIENDS OF SHEKEL HAKODESH LIMITED | 1 | £104k |
| CHASDEI DOV TRUST | 1 | £33k |
| HAROFEH DONATIONS LIMITED | 1 | £10k |
| TIFERES YOCHANAN TOLNA | 1 | £6k |
| (TRUST PROPERTY HELD IN CONNEXION WITH) ADATH YISROEL SYNAGOGUE | 1 | £5k |
| ORTERSHAM LIMITED | 1 | £2k |