THE ELEPHANT GROUP
To advance the higher education progression of young people aged between 16 and 18 from socially and economicallydisadvantaged and underrepresented backgrounds who are enrolled in non-selective state schools, including by providing advice and assistance, and organising educational programmes and other activities as a means of assisting with preparation to gain entry to top-level UK universities.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net surplus of £38,949 for the year, with total income of £455,884 against expenditure of £416,935. Per the trustees' report, unrestricted reserves stood at £281,938, which is above the stated policy target of £230,000. The charity operates on a going concern basis with no material uncertainties disclosed.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2025 1” — page 17
“it is our aim to hold unrestricted reserves of £230,000, which comprises six months' budgeted running costs.”
Trustees
- Matt Joneschair
- Christopher Paul Kelly
- Lord John Humphrey Arnott Pakington
- Lucy Jane Ruth Walsh
- Paul Cleal
- Peter Hughes
- Sabiha Laher
- Thomas David Wood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £456k | £417k |
| 31/08/2024 | £398k | £428k |
| 31/08/2023 | £318k | £348k |
| 31/08/2022 | £361k | £269k |
| 31/08/2021 | £364k | £156k |
Common questions
Is THE ELEPHANT GROUP financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net surplus of £38,949 for the year, with total income of £455,884 against expenditure of £416,935. Per the trustees' report, unrestricted reserves stood at £281,938, which is above the stated policy target of £230,000. The charity operates on a going concern basis with no material uncertainties disclosed. Its FY2025 accounts were independently examined.