THE EDUCATION AND TRAINING FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £0.6m for the year, with total income of £20.4m against total expenditure of £21.0m. Per the trustees' report, unrestricted reserves stood at £8.9m, which is above the stated policy target of £5.3m, providing financial resilience. The trustees and auditors confirmed the charity can continue as a going concern with adequate cash resources and contractual agreements in place.
What the accounts disclose
“The reserves policy for the year ended 31 March 2025 is still set at £5.3m and will support the charity to be financially resilient and flexible, and secure the charity against sudden loss of income or provide for an orderly wind-down if necessary.” — page 38
“The Chair of the Board (F McLoughlin), The Chair of the Audit and Risk Committee (R Musson) and the Chair of the Finance Committee (A McConnell) were contracted and remunerated for the work they carried out during the financial year ended 31 March 2025.” — page 34
“The charity’s wholly owned subsidiary, ETF Services Ltd (ETFS), was dormant in the financial years to 31 March 2025 and 31 March 2024”
Leadership, per the charity’s website
- Dr Katerina Kolyva — CEO
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Sir Frank McLoughlin CBEchair
- Andrew McConnell OBE
- Anthony Carey
- Dr Helen Samantha Parrett
- Fiona Anne Stilwell
- Gerard Paul McDonald
- Lynette Leith
- Mark Malcomson CBE
- Palvinder Singh
- Shazia Ejaz
- Wojciech Ilowski
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £20.4m | £21.0m |
| 31/03/2024 | £23.6m | £25.3m |
| 31/03/2023 | £33.2m | £33.0m |
| 31/03/2022 | £33.4m | £35.1m |
| 31/03/2021 | £38.0m | £32.6m |
Common questions
Is THE EDUCATION AND TRAINING FOUNDATION financially healthy?
The accounts state that the charity reported a deficit of £0.6m for the year, with total income of £20.4m against total expenditure of £21.0m. Per the trustees' report, unrestricted reserves stood at £8.9m, which is above the stated policy target of £5.3m, providing financial resilience. The trustees and auditors confirmed the charity can continue as a going concern with adequate cash resources and contractual agreements in place. Its FY2025 accounts were audited by RSM UK Audit LLP.
Who funds THE EDUCATION AND TRAINING FOUNDATION?
Funders whose own accounts filings name THE EDUCATION AND TRAINING FOUNDATION as a grant recipient include ROYAL COMMISSION FOR THE EXHIBITION OF 1851.
Known funders
| Funder | Year | Amount |
|---|---|---|
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | FY2023 | £15k |
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 |
| CORAM LIFE EDUCATION | 1 | £22k |
| THE SIR JAMES ROLL CHARITABLE TRUST | 1 | £1k |