NEW LONDON EDUCATIONAL TRUST
Education & Associated Services
Objects
1. TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE UNITED KINGDOM AND ELSEWHERE IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF FOUNDATION PROGRAMMES AND WORKSHOPS, ADVICE AND INFORMATION ON EDUCATIONAL OPPORTUNITIES AVAILABLE IN THE UNITED KINGDOM AND BY DEVELOPING, ENCOURAGING AND SUPPORTING LEARNING PARTNERSHIPS BETWEEN EDUCATIONAL ORGANISATIONS, BUSINESSES AND THE VOLUNTARY SECTOR. 2. TO ADVANCE EDUCATION AND TRAINING, BY THE PROVISION AND CONDUCT OF AN INDEPENDENT SCHOOL OR SCHOOLS AND, INSOFAR AS IT IS INCIDENTAL OR ANCILLARY TO THE ADVANCEMENT OF EDUCATION OF CHILDREN IN THE UNITED KINGDOM AND ELSEWHERE, TO CARRY OUT SUCH ACTIVITIES, INCLUDING THE PROVISION OF APPROPRIATE FACILITIES FOR EDUCATION. 3. TO FURTHER SUCH OTHER CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £468,431 for the year, resulting in unrestricted fund balances falling to a deficit of £138,004. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future, despite the significant drop in income from £1.18 million to £100,908. The charity's reserves policy targets maintaining three to six months of expenditure, but the actual unrestricted reserves are currently negative.
What the accounts disclose
“It is the policy of the charity that unrestricted funds, which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 5
“The property is owned by a family member of the Director, Sujani Baddam. The charity incurred rental costs of £90,000 (2023: £90,000) during the year.”
“Training Innovators Limited (registered office: Sceptre House, 75-81 Staines Road, Hounslow, London TW3 3HW) is a dormant company purchased by the Trust on 13 July 2018. Its shares are held by New London Educational Trust (NLET).” — page 7
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Adriana Maria Gheorghe
- Venkatesham Neela
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £101k | £569k |
| 31/12/2023 | £1.2m | £1.2m |
| 31/12/2022 | £2.1m | £2.1m |
| 31/12/2021 | £1.9m | £2.2m |
| 31/12/2020 | £2.5m | £2.5m |
Common questions
Is NEW LONDON EDUCATIONAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £468,431 for the year, resulting in unrestricted fund balances falling to a deficit of £138,004. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future, despite the significant drop in income from £1.18 million to £100,908. The charity's reserves policy targets maintaining three to six months of expenditure, but the actual unrestricted reserves are currently negative. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2020 | £210k | Apprenticeships Participation 16 - 18 |
| UK government | 01/04/2020 | £1.0m | Apprenticeships Participation 18+ |
| UK government | 01/04/2020 | £39k | Loans Bursary |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMERICAN SCHOOL IN LONDON FOUNDATION (UK) LIMITED | 1 | £7.9m |
Charities like this
- THE AMERICAN SCHOOL IN LONDON EDUCATIONAL TRUST LTD
- N D EDUCATIONAL TRUST
- LONDON EDUCATION TRUST
- LONDON EDUCATION FOUNDATION
- MANCHESTER ISLAMIC EDUCATIONAL TRUST LTD
- COKETHORPE EDUCATIONAL TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW LONDON EDUCATIONAL TRUST | £101k | — | 0 | unclear | — | no doubt |
| THE AMERICAN SCHOOL IN LONDON EDUCATIONAL TRUST LTD | £59.1m | — | 0 | unclear | — | no doubt |
| N D EDUCATIONAL TRUST | £27k | — | 0 | above | — | no doubt |
| LONDON EDUCATION TRUST | £231k | — | 0 | unclear | — | no doubt |
| LONDON EDUCATION FOUNDATION | £474k | — | 0 | unclear | — | no doubt |
| MANCHESTER ISLAMIC EDUCATIONAL TRUST LTD | £4.6m | — | — | above | — | noted |