TEACHERS GROUP EDUCATIONAL TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £5,114,284, a decrease from the previous year's £5,337,756. The charity reported a net outflow of funds of £284,781 before investment gains, which were partially offset by net gains of £61,309 on investments. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“This removed the direct link between income and grants and enables a greater aggregate level of grants to be made each year, subject to the value of investments not falling below a threshold amount.” — page 5
“During the year £6,272 (2023: £5,991) was paid to M Rule for the provision of administrative and company secretarial services.” — page 16
Trustees
- John Warner Hugheschair
- ANNE SWIFT
- Graham John Fuller
- Hilary Freda Bills
- Kiri Elizabeth Tunks
- Malcolm Rule
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £170k | £455k |
| 31/12/2023 | £148k | £285k |
| 31/12/2022 | £160k | £263k |
| 31/12/2021 | £157k | £225k |
| 31/12/2020 | £144k | £160k |
Common questions
Is TEACHERS GROUP EDUCATIONAL TRUST financially healthy?
The accounts state that unrestricted reserves stood at £5,114,284, a decrease from the previous year's £5,337,756. The charity reported a net outflow of funds of £284,781 before investment gains, which were partially offset by net gains of £61,309 on investments. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Knox Cropper LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.2m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £674k |
| KUSUMA TRUST UK | 1 | £77k |
| BAREFOOT COLLEGE INTERNATIONAL UK | 1 | £60k |
| CORAM LIFE EDUCATION | 1 | £22k |