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MINORITY ENTERPRISE DEVELOPMENT TRUST

Registered charity 1110256 · accounts filings on the Charity Commission register

The advancement of education and training of people in need, in particular, but not exclusively ethnic minority communities, by supporting projects that develop business skills in the community and multi-cultural and multi-racial harmony in the businesses.To promote any other charitable purpose in furtherance of the objects as the trustees from time to time determine.

Causes: Education/training · Economic/community Development/employment · Grant history (this charity is a funder) · Get email alerts

Latest income
£202k
Latest spending
£176k
Registered
2005
Accounts read
FY2026

Financial health, per its FY2026 accounts

The accounts state that unrestricted funds total £690,180, which is below the charity's stated policy target of approximately 12 months of unrestricted expenditure. The charity reported a net income of £26,649 for the year, supported by investment income and voluntary donations, while managing wholly-owned trading subsidiaries.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: approximately 12 months unrestricted expenditure (held: £690k)
“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 FY2026 accounts as filed with the Charity Commission.
Related-party transaction: BSL charged the charity £76,814 for running Bangor Street Community Centre on behalf of the charity. Acting as agent, BSL collects the income from room hire at the centre and remits it to the charity. At the year end, the net balance owed by BSL to the charity was £50,060.
“During the year, BSL charged the charity £76,814 (2025: £52,906) for running Bangor Street Community Centre on behalf of the charity. Acting as agent, BSL collects the income from room hire at the centre and remits it to the charity. At the year end, the net balance owed by BSL to the charity was £50,060 (2025: 59,783). As this balance fluctuates between debit and credit during the year, no interest is charged on the balance.” — page 18
“During the year, the charity lent net funds totaling £50,601 (2025: £53,000) to ELCCL for working capital. At the year end the balance was £130,156 (2025: £79,555) excluding accrued interest. The loan is unsecured, but simple interest is charged at 4% per annum above Bank of England Base Rate on the balance. At the year end, interest of £14,711 (2025: £3,000) had accrued but not been paid.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: The charity lent net funds totaling £50,601 to ELCCL for working capital. At the year end the balance was £130,156 excluding accrued interest. The loan is unsecured, but simple interest is charged at 4% per annum above Bank of England Base Rate on the balance. At the year end, interest of £14,711 had accrued but not been paid.
“During the year, BSL charged the charity £76,814 (2025: £52,906) for running Bangor Street Community Centre on behalf of the charity. Acting as agent, BSL collects the income from room hire at the centre and remits it to the charity. At the year end, the net balance owed by BSL to the charity was £50,060 (2025: 59,783). As this balance fluctuates between debit and credit during the year, no interest is charged on the balance.” — page 18
“During the year, the charity lent net funds totaling £50,601 (2025: £53,000) to ELCCL for working capital. At the year end the balance was £130,156 (2025: £79,555) excluding accrued interest. The loan is unsecured, but simple interest is charged at 4% per annum above Bank of England Base Rate on the balance. At the year end, interest of £14,711 (2025: £3,000) had accrued but not been paid.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: The charity leased land and buildings at Alexandra Meadows to ELCCL. The annual rent is at open market value. At the year end, rent of £29,411 was outstanding excluding accrued interest. The lease provides for commercial interest to be charged on any overdue sums. At the year end, interest of £1,647 had accrued but had not been paid.
“During the year, BSL charged the charity £76,814 (2025: £52,906) for running Bangor Street Community Centre on behalf of the charity. Acting as agent, BSL collects the income from room hire at the centre and remits it to the charity. At the year end, the net balance owed by BSL to the charity was £50,060 (2025: 59,783). As this balance fluctuates between debit and credit during the year, no interest is charged on the balance.” — page 18
“During the year, the charity lent net funds totaling £50,601 (2025: £53,000) to ELCCL for working capital. At the year end the balance was £130,156 (2025: £79,555) excluding accrued interest. The loan is unsecured, but simple interest is charged at 4% per annum above Bank of England Base Rate on the balance. At the year end, interest of £14,711 (2025: £3,000) had accrued but not been paid.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: The charity received a restricted donation of £6,250 (inclusive of £1,250 recoverable Gift Aid) from Khalid Saifullah a trustee of the charity. Under the strict terms of the donation, these funds were restricted to be passed down directly to ELCCL. At the balance sheet date, £5,000 of the donation remained outstanding to be transferred.
“During the year, BSL charged the charity £76,814 (2025: £52,906) for running Bangor Street Community Centre on behalf of the charity. Acting as agent, BSL collects the income from room hire at the centre and remits it to the charity. At the year end, the net balance owed by BSL to the charity was £50,060 (2025: 59,783). As this balance fluctuates between debit and credit during the year, no interest is charged on the balance.” — page 18
“During the year, the charity lent net funds totaling £50,601 (2025: £53,000) to ELCCL for working capital. At the year end the balance was £130,156 (2025: £79,555) excluding accrued interest. The loan is unsecured, but simple interest is charged at 4% per annum above Bank of England Base Rate on the balance. At the year end, interest of £14,711 (2025: £3,000) had accrued but not been paid.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/03/2026£202k£176k
31/03/2025£429k£130k
31/03/2024£125k£141k
31/03/2023£160k£133k
31/03/2022£143k£114k

Common questions

Is MINORITY ENTERPRISE DEVELOPMENT TRUST financially healthy?

Per its FY2026 accounts: The accounts state that unrestricted funds total £690,180, which is below the charity's stated policy target of approximately 12 months of unrestricted expenditure. The charity reported a net income of £26,649 for the year, supported by investment income and voluntary donations, while managing wholly-owned trading subsidiaries. Its FY2026 accounts were independently examined.

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.

FunderSimilar charities fundedAmount to them
THE LANKELLYCHASE FOUNDATION1£265k
MJB CHARITABLE TRUST1£145k
ALDRIDGE FOUNDATION CIO1£133k
THE WILL CHARITABLE TRUST1£120k
THE FORBES CHARITABLE FOUNDATION1£75k
CHRISTOS LAZARI FOUNDATION1£69k
THE PERIVOLI FOUNDATION1£65k
THE REED FOUNDATION1£60k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MOSS SIDE AND HULME COMMUNITY DEVELOPMENT TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
MINORITY ENTERPRISE DEVELOPMENT TRUST£202k—0unclear—no doubt
THE MOSS SIDE AND HULME COMMUNITY DEVELOPMENT TRUST FY2025£356k—0unclear—no doubt
MADNI TRUST FY2025£1.2m—0above—no doubt
SEED EDUCATION TRUST FY2024£999k—0unclear—no doubt
COMMUNITY DEVELOPMENT TRUST FY2025£253k—0unclear—no doubt
EAST AFRICA CHARACTER DEVELOPMENT TRUST FY2024£134k——unclear—no doubt

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