EA FOUNDATION
EA Foundation works to support the most marginalised communities on some of the most underserved issues. We fund projects in education, poverty reduction, basic services and sustainable development worldwide. We are also committed to supporting emergency response work that addresses the suffering of communities affected by conflict, health or natural disasters and other emergencies.
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £4,243,985 at year-end, which is below the trustees' stated policy target of holding sufficient funds to cover operational costs for six months plus specific grant awards for 2024 and 2025. The charity's income dropped significantly from £5.06m in 2022 to £212,631 in 2023, primarily due to the cessation of a one-off share sale, though the Board notes that existing reserves are sufficient to fund operations for several years.
What the accounts disclose
“our Reserves policy states that the Charity should hold unrestricted funds sufficient to enable the award of grants up to £1.5m in 2024 and £2.6m in 2025 in addition to holding 6 months of reserves to cover operational costs for the respective years.”
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Richard Jonathan Bronzechair
- Amrita Sen
- Divya Behl
- Dr Trevor Michael Sikorski
- Fredrik Fosse
- Jessica Charlotte Mary Talbot
- Keith Kibirango
- Lucy Philipa Anne Mortimer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £180k | £1.6m |
| 31/12/2023 | £213k | £907k |
| 31/12/2022 | £5.1m | £185k |
| 31/12/2021 | £147k | £96k |
Common questions
Is EA FOUNDATION financially healthy?
Per its FY2023 accounts: The accounts state that unrestricted reserves stood at £4,243,985 at year-end, which is below the trustees' stated policy target of holding sufficient funds to cover operational costs for six months plus specific grant awards for 2024 and 2025. The charity's income dropped significantly from £5.06m in 2022 to £212,631 in 2023, primarily due to the cessation of a one-off share sale, though the Board notes that existing reserves are sufficient to fund operations for several years. Its FY2023 accounts were audited by Alliotts LLP.
Who funds EA FOUNDATION?
Funders whose own accounts filings name EA FOUNDATION as a grant recipient include TACKLE AFRICA.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| TACKLE AFRICA | FY2025 | £25k | SRHR and HIV education for young people in Lusaka, Zambia. |
| TACKLE AFRICA | FY2024 | £20k | EA Foundation |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MUSIC IN SECONDARY SCHOOLS TRUST | 1 | £48k |
| OVE ARUP PARTNERSHIP CHARITABLE TRUST | 1 | £11k |
| UBS UK Donor-Advised Foundation | 1 | £5k |
| SSP FOUNDATION | 1 | £3k |
| MUSLIM WELFARE BOARD | 1 | £2k |
| THE BIRMINGHAM MOSQUE TRUST LIMITED | 1 | £0 |
Charities like this
- EURO QUALITY FOUNDATION
- ESSA FOUNDATION
- ISSA FOUNDATION
- FUNDACAO FOCUS ASSISTENCIA HUMANITARIA EUROPA
- EDHI INTERNATIONAL FOUNDATION UK
- THE BADUR FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EA FOUNDATION | £180k | — | 0 | unclear | — | no doubt |
| EURO QUALITY FOUNDATION | £453k | — | 0 | above | — | no doubt |
| ESSA FOUNDATION | £100k | — | 0 | unclear | — | no doubt |
| ISSA FOUNDATION | £9.9m | — | 0 | above | — | no doubt |
| FUNDACAO FOCUS ASSISTENCIA HUMANITARIA EUROPA | £3.3m | — | — | above | — | no doubt |
| EDHI INTERNATIONAL FOUNDATION UK | £6.3m | — | 0 | above | — | no doubt |