EDUFUND UK
EdufundUK is a small education charity. Its aim is to provide support and funding for local state-funded primary and secondary schools meeting the application criteria set out in clearly defined focus areas.
Financial health, per its FY2024 accounts
The accounts state that EduFund UK ended the year with unrestricted cash reserves of £47,462, which is above the trustees' stated minimum policy target of £35,000. The charity reported a net deficit of £4,354 for the period, primarily due to payments exceeding receipts, and holds a receivable of £3,889 from a related party for bank errors. The trustees aim to maintain liquid reserves sufficient to cover operating costs for three months and donations to schools.
What the accounts disclose
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?
Per its FY2024 accounts: The accounts state that EduFund UK ended the year with unrestricted cash reserves of £47,462, which is above the trustees' stated minimum policy target of £35,000. The charity reported a net deficit of £4,354 for the period, primarily due to payments exceeding receipts, and holds a receivable of £3,889 from a related party for bank errors. The trustees aim to maintain liquid reserves sufficient to cover operating costs for three months and donations to schools. Its FY2024 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 | £154k |
| CORAM LIFE EDUCATION | 1 | £22k |
| THE BRIDGE TRUST | 1 | £21k |
| THE PICKWELL FOUNDATION | 1 | £10k |
| THE TANLAW FOUNDATION | 1 | £8k |
Charities like this
- THE CHARITABLE FOUNDATION FOR EDUCATION DEVELOPMENT
- THE EDUCATION ENDOWMENT FOUNDATION
- UK FUND FOR CHARITIES
- EDUKID
- PROFESSIONAL EDUCATION FOUNDATION UK
- The London Foundation for Banking & Finance
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EDUFUND UK | £151k | — | 0 | unclear | — | no doubt |
| THE CHARITABLE FOUNDATION FOR EDUCATION DEVELOPMENT | £259k | — | 0 | unclear | — | no doubt |
| THE EDUCATION ENDOWMENT FOUNDATION | £52.4m | — | 0 | unclear | — | no doubt |
| UK FUND FOR CHARITIES | £4.6m | — | 0 | unclear | — | no doubt |
| EDUKID | £582k | — | 0 | unclear | — | no doubt |
| PROFESSIONAL EDUCATION FOUNDATION UK | £185k | — | 0 | unclear | — | no doubt |