MENDLESHAM EDUCATIONAL FOUNDATION
Supports young people under 25 years of age, resident in Mendlesham with financial grants towards specific costs in further education. Assists Mendlesham voluntary youth organisations and grants to the Mendlesham CP School to enhance teaching arrangements.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £917,924, with total net assets of the same value. The charity reports a net income of £33,283 for the year, supported by investment gains of £19,030. Reserves are held at £59,359, which the trustees note is above their policy target of £10,967.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ("the free reserves") held by the charity should be 3-4 months of the resources expended which would equate to £10,967 (2023: £10,003) based on current levels of activity.” — page 16
Trustees
- DAVID NUNNchair
- Helen Orton
- Laura Daniels
- Mark Brennan
- RAYMOND MILES FENNING
- REVEREND PHILIP THOMAS GRAY
- Sarah Carter
- Steve Crooks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £46k | £47k |
| 31/12/2024 | £53k | £38k |
| 31/12/2023 | £46k | £35k |
| 31/12/2022 | £39k | £37k |
| 31/12/2021 | £60k | £45k |
Common questions
Is MENDLESHAM EDUCATIONAL FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased to £917,924, with total net assets of the same value. The charity reports a net income of £33,283 for the year, supported by investment gains of £19,030. Reserves are held at £59,359, which the trustees note is above their policy target of £10,967. Its FY2024 accounts were independently examined.