MINORITY ENTERPRISE DEVELOPMENT TRUST
Latest income
£429k
Latest spending
£130k
Registered
2005
Accounts read
FY2025
Financial health, per its FY2025 accounts
The charity holds unrestricted reserves of £697,458, which exceeds its stated policy target of approximately 12 months of unrestricted expenditure. Total funds increased to £996,669, driven by a £150,000 fair value gain on investment property and voluntary income of £295,000.
What the accounts disclose
Reserves policy: approximately 12 months unrestricted expenditure (held: £697k)
“It is the policy of the Charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 14
“During the year, BSL charged the charity £106,195 (2024: £104,199) for running Bangor Street Community Centre on behalf of the charity.” — page 18
“During the year, the charity lent funds totaling £53,000 (2024: £26,555) to ELCCL for working capital.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 14
“During the year, BSL charged the charity £106,195 (2024: £104,199) for running Bangor Street Community Centre on behalf of the charity.” — page 18
“During the year, the charity lent funds totaling £53,000 (2024: £26,555) to ELCCL for working capital.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 14
“During the year, BSL charged the charity £106,195 (2024: £104,199) for running Bangor Street Community Centre on behalf of the charity.” — page 18
“During the year, the charity lent funds totaling £53,000 (2024: £26,555) to ELCCL for working capital.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Bangor Street Limited, East Lancashire Cricket Club Limited
“Bangor Street Limited was incorporated on 1 December 2015 to manage the Bangor Street Community Centre on behalf of the charity.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- HABIBUREHMAN PATEL
- KHALID SAIFULLAH
- TAHIR MOHSAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £429k | £130k |
| 31/03/2024 | £125k | £141k |
| 31/03/2023 | £160k | £133k |
| 31/03/2022 | £143k | £114k |
| 31/03/2021 | £110k | £103k |
Common questions
Is MINORITY ENTERPRISE DEVELOPMENT TRUST financially healthy?
The charity holds unrestricted reserves of £697,458, which exceeds its stated policy target of approximately 12 months of unrestricted expenditure. Total funds increased to £996,669, driven by a £150,000 fair value gain on investment property and voluntary income of £295,000. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ALDRIDGE FOUNDATION CIO | 1 | £131k |
| ANTI-SLAVERY INTERNATIONAL | 1 | £125k |
| THE BLANES TRUST | 1 | £50k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £25k |
| THE EVAN CORNISH FOUNDATION | 1 | £10k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £10k |
| THE COSARAF CHARITABLE FOUNDATION | 1 | £6k |
| GLOBAL DIALOGUE | 1 | £4k |