THE COMMONWEALTH EDUCATION TRUST
CET's purpose is to advance primary and secondary education across the Commonwealth with a strong focus on teacher professional development. It encourages innovation and shares best practice from across the Commonwealth to assist teachers and young people develop the understanding and skills to contribute to the development of sustainable communities.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £83,246 for the year, with total unrestricted reserves increasing to £189,332. The trustees confirmed that the charity has adequate resources to meet its liabilities as they fall due and continue in operational existence for the foreseeable future.
What the accounts disclose
“The long-term objective is to settle at a level of unrestricted reserves equal to six month's operating costs.” — page 6
Trustees
- The Commonwealth Education Trust Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £239k | £155k |
| 31/12/2023 | £84k | £154k |
| 31/12/2022 | £241k | £153k |
| 31/12/2021 | £165k | £204k |
| 31/12/2020 | £52k | £285k |
Common questions
Is THE COMMONWEALTH EDUCATION TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £83,246 for the year, with total unrestricted reserves increasing to £189,332. The trustees confirmed that the charity has adequate resources to meet its liabilities as they fall due and continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HELEN HAMLYN TRUST | 1 | £1.0m |
| MISSION44 | 1 | £741k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £250k |
| THE SPECTRIS FOUNDATION | 1 | £200k |
| THE EDUCATION ENDOWMENT FOUNDATION | 1 | £91k |
| THE APAX FOUNDATION | 1 | £81k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £70k |
| THE DAVID BROWNLOW CHARITABLE FOUNDATION | 1 | £250 |
Charities like this
- UNIVERSITIES COUNCIL FOR THE EDUCATION OF TEACHERS (UCET)
- ASSOCIATION OF COMMONWEALTH UNIVERSITIES
- ERMINE EDUCATION TRUST
- EDUCATION DEVELOPMENT TRUST
- CAMBRIDGE EDUCATION AND DEVELOPMENT TRUST
- THE CHARTERED COLLEGE OF TEACHING
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COMMONWEALTH EDUCATION TRUST | £239k | — | 0 | unclear | — | no doubt |
| UNIVERSITIES COUNCIL FOR THE EDUCATION OF TEACHERS (UCET) | £522k | £90,001 - £100,000 | — | below | — | no doubt |
| ASSOCIATION OF COMMONWEALTH UNIVERSITIES | £8.1m | — | — | above | — | no doubt |
| ERMINE EDUCATION TRUST | £3.1m | — | 0 | unclear | — | no doubt |
| EDUCATION DEVELOPMENT TRUST | £73.8m | £210,000 - £219,999 | — | unclear | — | no doubt |
| CAMBRIDGE EDUCATION AND DEVELOPMENT TRUST | £200k | — | 0 | above | — | no doubt |