EDUFUND UK
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves increased significantly to £51,816 at the end of the 2023 financial year, following a period where reserves had fallen to £579. The trustees aim to maintain a minimum liquid reserve of approximately £30,000 to cover three months of operating costs and donations, a target which the current reserves exceed.
What the accounts disclose
“Going forward, the trustees aim to maintain a minimum liquid reserve sufficient to cover its operating costs for 3 months and £15,000 for donations to schools. This equates to c£30,000.” — page 11
“Corrina Mottram (Non-executive trustee) is married to Gareth Mottram who is retained for regular professional services at a pro-rata market rate for three days a week. The total amount paid during the year amounted to £24,487” — page 13
“David (Chair of Trustees/Operations Director) and Linda Butterfield (Nonexecutive trustee) made a donation of £200,000 (2022 - £150,000) to the charity in the period under review.” — page 13
“Corrina Mottram (Non-executive trustee) is married to Gareth Mottram who is retained for regular professional services at a pro-rata market rate for three days a week. The total amount paid during the year amounted to £24,487” — page 13
“David (Chair of Trustees/Operations Director) and Linda Butterfield (Nonexecutive trustee) made a donation of £200,000 (2022 - £150,000) to the charity in the period under review.” — page 13
“Corrina Mottram (Non-executive trustee) is married to Gareth Mottram who is retained for regular professional services at a pro-rata market rate for three days a week. The total amount paid during the year amounted to £24,487” — page 13
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2022) to "above" (FY2023).
Trustees
- DAVID WILLIAM BUTTERFIELDchair
- CORRINA SAVANAH MOTTRAM
- LINDA JANE BUTTERFIELD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £151k | £155k |
| 31/12/2023 | £203k | £152k |
| 31/12/2022 | £152k | £209k |
| 31/12/2021 | £150k | £135k |
| 31/12/2020 | £150k | £147k |
Common questions
Is EDUFUND UK financially healthy?
The accounts state that unrestricted reserves increased significantly to £51,816 at the end of the 2023 financial year, following a period where reserves had fallen to £579. The trustees aim to maintain a minimum liquid reserve of approximately £30,000 to cover three months of operating costs and donations, a target which the current reserves exceed. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.2m |
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £674k |
| KUSUMA TRUST UK | 1 | £77k |
| CORAM LIFE EDUCATION | 1 | £22k |
| THE BRIDGE TRUST | 1 | £16k |
| THE NOEL BUXTON TRUST | 1 | £5k |
| PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S NUTHURST AND CHURCH OF THE GOOD SHEPHERD MANNINGS HEATH | 1 | £1k |