QI PARTNERS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £0.5m for the year ended 31 March 2025, primarily due to depreciation on non-tenanted areas and loan interest costs. Total reserves stood at £21.4m, with only £0.1m classified as unrestricted funds. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Charity regularly reviews reserve levels alongside cost and income projections to ensure that it has sufficient working capital to support the operation of the QI building.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr Celia Caulcottchair
- Dr Karen Lewis
- Professor David Maguire
- Professor Lesley Dwyer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.1m | £3.6m |
| 31/03/2024 | £3.1m | £3.7m |
| 31/03/2023 | £3.5m | £4.1m |
| 31/03/2022 | £3.2m | £4.0m |
| 31/03/2021 | £3.4m | £3.6m |
Common questions
Is QI PARTNERS financially healthy?
The accounts state that the charity reported a deficit of £0.5m for the year ended 31 March 2025, primarily due to depreciation on non-tenanted areas and loan interest costs. Total reserves stood at £21.4m, with only £0.1m classified as unrestricted funds. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Larking Gowen LLP.