MD EDUCATIONAL FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell to £5,967 at year-end, a significant decrease from £74,698 the previous year, driven by total expenditure exceeding income. The trustees note that the charity does not have a reserves policy and relies on continuing support from MDE Services Group Limited to maintain adequate resources for going concern.
What the accounts disclose
“The number of employees whose annual remuneration was more than £60,000 is as follows: £60,000 - £70,000 1” — page 13
“The number of employees whose annual remuneration was more than £60,000 is as follows: £60,000 - £70,000 1” — page 13
“At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, due to continuing support from MDE Services Group Limited.” — page 9
“Leah Iles served as CEO of the foundation, but is remunerated by a related party.” — page 13
“Tarquin Scadding-Hunt, trustee, is also a director of Mind Body Goals Ltd but receives no remuneration or other benefits from the company.” — page 14
“Leah Iles served as CEO of the foundation, but is remunerated by a related party.” — page 13
“Tarquin Scadding-Hunt, trustee, is also a director of Mind Body Goals Ltd but receives no remuneration or other benefits from the company.” — page 14
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Trustees
- Ian Sandbach
- MIRIAM DERVAN
- Niall Joseph Dervan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £411k | £404k |
| 31/03/2024 | £400k | £469k |
| 31/03/2023 | £144k | £134k |
| 31/03/2022 | £169k | £169k |
| 31/03/2021 | £11k | £11k |
Common questions
Is MD EDUCATIONAL FOUNDATION financially healthy?
The accounts state that unrestricted reserves fell to £5,967 at year-end, a significant decrease from £74,698 the previous year, driven by total expenditure exceeding income. The trustees note that the charity does not have a reserves policy and relies on continuing support from MDE Services Group Limited to maintain adequate resources for going concern. Its FY2024 accounts were independently examined.
What does the highest-paid employee of MD EDUCATIONAL FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,000 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Flat Iron Trust | 1 | £40k |
| THE ROAN CHARITABLE TRUST | 1 | £30k |
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £15k |
| THE BALCOMBE CHARITABLE TRUST | 1 | £15k |
| THE ROYAL FOUNDATION OF THE PRINCE AND PRINCESS OF WALES | 1 | £10k |
| CBRE UK CHARITABLE TRUST | 1 | £10k |
| COLEFAX CHARITABLE TRUST | 1 | £2k |
| MARTIN CHARITABLE TRUST | 1 | £0 |