Richmond Education Foundation
The objective of the charity is to further the education of the students of Richmond, The American International University in London Inc, by the provision of:Facilities and EquipmentRestricted and Unrestricted cash donationsScholarship, endorsements and special educational programmes
Financial health, per its FY2025 accounts
The accounts state that the charity reported a consolidated loss of £140k for the year ended 30 June 2025, resulting in unrestricted funds being in a deficit of £59k. The Trustees note that these historical deficits will be reviewed with the intention to clear the balances, relying on the continued support of the University and the income generated by the endowment to maintain going concern.
What the accounts disclose
“Investment income from the Cyril Taylor Charitable Foundation endowment was £296k” — page 7
“At the year-ended, the Foundation’s unrestricted reserves stood at a deficit of £59k (2024: £42k in deficit). These negative reserves will be reviewed in 2025/26 with the intention to clear the negative balances.” — page 5
“Richmond College Services paid £nil on behalf of the Foundation (2024: £nil) during the year. At the year-end, £55,042 was due to Richmond College Services (2024: £55,042 due to).” — page 31
“The Foundation's commercial trading subsidiary, Richmond College Services Ltd, did not trade during the year. The loss incurred was £3,660 (2024: £190 loss).” — page 7
Corporate structure
- Trading subsidiary: RICHMOND COLLEGE SERVICES LIMITED Companies House 02234479
Structured financials (annual return, FY ending 30/06/2023)
Trustees
- R U Trustee Limited
- Richmond, the American International University in London, Inc.
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £327k | £432k |
| 30/06/2024 | £327k | £432k |
| 30/06/2023 | £782k | £334k |
| 30/06/2022 | £214k | £278k |
| 30/06/2021 | £1.3m | £1.8m |
Common questions
Is Richmond Education Foundation financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a consolidated loss of £140k for the year ended 30 June 2025, resulting in unrestricted funds being in a deficit of £59k. The Trustees note that these historical deficits will be reviewed with the intention to clear the balances, relying on the continued support of the University and the income generated by the endowment to maintain going concern. Its FY2025 accounts were audited by PEM Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRITISH UNIVERSITIES AND COLLEGES SPORT LIMITED | 1 | £6k |
Charities like this
- THE CYRIL TAYLOR CHARITABLE FOUNDATION
- Richmond Foundation
- RICHMOND NATIONAL SCHOOLS TRUST
- The London Foundation for Banking & Finance
- THE RUMI FOUNDATION
- RIKKYO SCHOOL IN ENGLAND TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Richmond Education Foundation | £327k | — | 0 | below | — | no doubt |
| THE CYRIL TAYLOR CHARITABLE FOUNDATION | £2.7m | — | 0 | unclear | — | no doubt |
| Richmond Foundation | £2.3m | — | — | unclear | — | no doubt |
| RICHMOND NATIONAL SCHOOLS TRUST | £251k | — | 0 | unclear | — | no doubt |
| The London Foundation for Banking & Finance | £587k | — | 0 | above | — | no doubt |
| THE RUMI FOUNDATION | £8.0m | — | 0 | above | — | no doubt |