Richmond Education Foundation
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
“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
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?
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.