CARDIFF EDUCATIONAL ENDOWMENT TRUST
Latest income
£170k
Latest spending
£269k
Registered
2008
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that total funds amounted to £4,857,602, all of which are unrestricted. The charity reported a net income increase of £1,682 for the year, driven by a significant net gain on investments of £101,174, which offset a deficit on charitable activities. The trustees confirmed adequate resources for going concern despite ongoing investigations into former governance.
What the accounts disclose
Reserves policy: maintain an appropriate amount of funds to generate income in order to make grants (held: £4.9m)
“It remains the long term policy to maintain an appropriate amount of funds to generate income in order to make grants in furtherance of the charity's objects.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Costs incurred from Womble Bond Dickinson (UK) LLP for the Interim Manager's work.
“During the year the charity incurred costs of £6,475 (2024: £10,538) from Womble Bond Dickinson (UK) LLP in respect of the Interim Manager's work and professional fees.” — page 16
“The company secretary provided the charity with services throughout the year, totalling in value £11,916 (2024: £7,148).” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Company secretary services provided.
“During the year the charity incurred costs of £6,475 (2024: £10,538) from Womble Bond Dickinson (UK) LLP in respect of the Interim Manager's work and professional fees.” — page 16
“The company secretary provided the charity with services throughout the year, totalling in value £11,916 (2024: £7,148).” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Investigations into the charity's affairs were still under review. The Charity Commission is satisfied with all new governance processes and systems now in place and has endorsed the grant-making of the charity.
“Investigations into the charity's affairs were still under review. The Charity Commission is satisfied with all new governance processes and systems now in place and has endorsed the grant-making of the charity.” — page 4
“There are concerns over the former governance of the charity and breaches of trust.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Governance: There are concerns over the former governance of the charity and breaches of trust.
“Investigations into the charity's affairs were still under review. The Charity Commission is satisfied with all new governance processes and systems now in place and has endorsed the grant-making of the charity.” — page 4
“There are concerns over the former governance of the charity and breaches of trust.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Charity Commission inquiry
The Charity Commission opened a statutory inquiry due to concerns regarding the charity's governance, financial management, and significant related party transactions involving former trustees. The report states that an interim manager was appointed to review governance infrastructure and financial controls, and to oversee the proposed sale of the college, while the inquiry into misconduct and mismanagement was ongoing.
“The Commission opened a compliance case in April 2016 relating to the charity’s failure to submit its accounts.”
“The Commission has identified regulatory concerns about the charity’s governance, financial management and significant related party transactions between the charity and some of its former trustees.”
Per the Commission’s published report. Summary is automated; the official report is authoritative.
Trustees
- Mark Woodwardchair
- Andrea May
- Dewi Knight
- EMMA JANE MOODY
- Matthew Wookey
- Paul Emrys Mathias
- Philip Charles Lenthall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £170k | £269k |
| 31/08/2024 | £200k | £89k |
| 31/08/2023 | £134k | £47k |
| 31/08/2022 | £94 | £56k |
| 31/08/2021 | £14k | £38k |
Common questions
Is CARDIFF EDUCATIONAL ENDOWMENT TRUST financially healthy?
The accounts state that total funds amounted to £4,857,602, all of which are unrestricted. The charity reported a net income increase of £1,682 for the year, driven by a significant net gain on investments of £101,174, which offset a deficit on charitable activities. The trustees confirmed adequate resources for going concern despite ongoing investigations into former governance. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JORDAN CHARITABLE FOUNDATION | 1 | £20k |