THE EQ FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £4,340,780 from £4,198,854, with unrestricted reserves standing at £4,340,780. The trustees report that this year-end position is slightly in excess of their stated reserves policy target of three to nine months of expenditure. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The Charity currently seeks to hold reserves at around three to nine months of expenditure” — page 12
“Donations of £723,810 (2023: £595,749) were received from J D Spiers, a Trustee.” — page 30
“A wages recharge of £47,499 (£45,293) has been made from EQ Investors Limited, a company in which John Spiers, Mark Kenner and Mike Neumann are directors.” — page 30
“Donations of £723,810 (2023: £595,749) were received from J D Spiers, a Trustee.” — page 30
“A wages recharge of £47,499 (£45,293) has been made from EQ Investors Limited, a company in which John Spiers, Mark Kenner and Mike Neumann are directors.” — page 30
Structured financials (annual return, FY ending 30/04/2025)
Trustees
- Ian Barlowchair
- Ben Faulkner
- JOHN SPIERS
- Laura Hassan-Blake
- Mike Neumann
- Rebecca Sarson
- Zoe Brett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £1.0m | £817k |
| 30/04/2024 | £964k | £822k |
| 30/04/2023 | £966k | £904k |
| 30/04/2022 | £1.1m | £791k |
| 30/04/2021 | £3.7m | £720k |
Common questions
Is THE EQ FOUNDATION financially healthy?
The accounts state that total funds increased to £4,340,780 from £4,198,854, with unrestricted reserves standing at £4,340,780. The trustees report that this year-end position is slightly in excess of their stated reserves policy target of three to nine months of expenditure. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by MHA.