EDAID FOUNDATION

Registered charity 1163047 · accounts filings on the Charity Commission register

THE CHARITY'S OBJECTS ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: FOR THE PUBLIC BENEFIT, THE RELIEF OF FINANCIAL HARDSHIP OF STUDENTS/GRADUATES ATTENDING, OR WANTING TO ATTEND OR HAVING ATTENDED HIGHER EDUCATION BY THE PROVISION OF FUNDING, DEBT COUNSELLING AND SUPPORT IN OBTAINING FUNDING, TO ACCESS THE EDUCATION.

Objects

THE CHARITY’S OBJECTS (OBJECTS) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:FOR THE PUBLIC BENEFIT, THE RELIEF OF FINANCIAL HARDSHIP OF STUDENTS ATTENDING, OR WANTING TO ATTEND, HIGHER EDUCATION BY THE PROVISION OF FUNDING, AND SUPPORT IN OBTAINING FUNDING, TO ACCESS THE EDUCATION.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Economic/community Development/employment · website · Get email alerts

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £19,949 for the year ended 31 December 2024, resulting in total unrestricted funds of £284,769. The trustees confirm that current free reserves are sufficient to cover operating costs and have prepared the statements on a going concern basis. No staff costs were incurred, and the charity relies on grants and donations for income.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Financial Conduct Authority. This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Complaints policy and procedures
• Engaging external speakers at charity events policy and procedures
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Safeguarding policy and procedures
• Serious incident reporting policy and procedures
• Social media policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

Structured financials (annual return, FY ending 31/12/2020)

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.1 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (86% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 5.1% of total income — above the median for charities its size (3.0%) (benchmarks).

Trustees · trustee networks

• Thomas Woolfchair

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Common questions

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with HELP IN NEED TODAY.

• HELP IN NEED TODAY income £558k
• ACTION WITH AWARENESS REGARDING EDUCATION FOUNDATION income £173k
• THE SIR JOHN SEDLEY EDUCATIONAL FOUNDATION income £221k
• DHS Educational Foundation income £1.6m
• EDHI INTERNATIONAL FOUNDATION UK income £6.3m
• YEDIDYA JEBREEL CHARITABLE TRUST income £103k

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.