QUEEN MARY, UNIVERSITY OF LONDON FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £956, with the Trustees noting no requirement to build up unrestricted reserves as staffing and accommodation costs are met by a donation in kind from Queen Mary University of London. The charity incurred fundraising costs of £833,686 against total income of £1,931,183, resulting in a net movement in funds of £(1,151). The Trustees confirmed adequate resources to meet liabilities over the next 12 months based on continued support from the University.
What the accounts disclose
“The Trustees consider that there is no requirement to build up unrestricted reserves as staffing and accommodation costs are met by a donation in kind from QMUL.” — page 9
“The Charity’s results are consolidated in the group financial statements of Queen Mary University of London which is a Russell Group university incorporated by Royal Charter. Whilst Queen Mary University of London does not have an equity holding in Queen Mary University of London Foundation, it is treated as a subsidiary in the consolidated financial statements on the basis that the Trustees of the charity, who are also the members of the charity, are appointed by and in the employ of Queen Mary University of London.” — page 4
“All donated services are provided by Queen Mary University of London. All valuations are based on actual costs incurred during the year.” — page 19
“The Charity’s results are consolidated in the group financial statements of Queen Mary University of London which is a Russell Group university incorporated by Royal Charter. Whilst Queen Mary University of London does not have an equity holding in Queen Mary University of London Foundation, it is treated as a subsidiary in the consolidated financial statements on the basis that the Trustees of the charity, who are also the members of the charity, are appointed by and in the employ of Queen Mary University of London.” — page 4
“All donated services are provided by Queen Mary University of London. All valuations are based on actual costs incurred during the year.” — page 19
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "below" (FY2025).
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Dr Tim Edwards Harris
- Melissa Jane Tatton
- Professor Colin Gareth Bailey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.9m | £1.9m |
| 31/07/2024 | £2.2m | £1.9m |
| 31/07/2023 | £2.2m | £2.2m |
| 31/07/2022 | £1.9m | £2.4m |
| 31/07/2021 | £2.8m | £1.9m |
Common questions
Is QUEEN MARY, UNIVERSITY OF LONDON FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £956, with the Trustees noting no requirement to build up unrestricted reserves as staffing and accommodation costs are met by a donation in kind from Queen Mary University of London. The charity incurred fundraising costs of £833,686 against total income of £1,931,183, resulting in a net movement in funds of £(1,151). The Trustees confirmed adequate resources to meet liabilities over the next 12 months based on continued support from the University. Its FY2025 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JMCMRJ SORRELL FOUNDATION | 1 | £100k |
| MATER ECCLESIAE CIO | 1 | £50k |
| THE FAVERSHAM MUNICIPAL CHARITIES 2010 | 1 | £2k |