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MAGDALEN AND LASHER EDUCATIONAL FOUNDATION

Registered charity 306969 · accounts filings on the Charity Commission register · also known as EDUCATIONAL FUND

To provide various means of educational financial assistance to persons under the age of 25 who are residents of the Borough of Hastings or who have attended schools in the Borough for more than 2 years.

Causes: Education/training · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£305k
Latest spending
£265k
Registered
1962
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that free reserves totalled £382,424, which the trustees view as appropriate and prudent for the foreseeable future. The charity reported a net income of £212,039 for the year, driven by significant investment gains, while total charitable expenditure amounted to £264,578. The trustees confirmed that resources are adequate to continue as a going concern with no material uncertainties identified.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: retain reserves of these levels as a minimum for the foreseeable future (held: £382k)
“They will aim to retain reserves of these levels as a minimum for the foreseeable future.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Contribution for insurance costs paid to Magdalen & Lasher Charity General Fund.
“Magdalen and Lasher Charity General Fund Contribution for insurance costs of £4,489 (2024 - £2,544).”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Ad Valorem Audit Services Limited. Discloses 5 of 6 completeness components.

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Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: East Sussex

Income and spending

Financial year endIncomeSpending
31/03/2025£305k£265k
31/03/2024£274k£243k
31/03/2023£277k£226k
31/03/2022£271k£223k
31/03/2021£260k£156k

Common questions

Is MAGDALEN AND LASHER EDUCATIONAL FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that free reserves totalled £382,424, which the trustees view as appropriate and prudent for the foreseeable future. The charity reported a net income of £212,039 for the year, driven by significant investment gains, while total charitable expenditure amounted to £264,578. The trustees confirmed that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2025 accounts were audited by Ad Valorem Audit Services Limited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE MANOUKIAN CHARITABLE FOUNDATION1£235k
UK CHRISTIAN SCHOOLS LTD1£66k
THE MICHAEL UREN FOUNDATION1£60k
UNITED MISSION TO NEPAL HOSPITALS ENDOWMENT TRUST1£12k
CHURCH SOCIETY1£7k
HOPE WORLDWIDE1£3k
ICFEM DREAMLAND MISSION1£2k
HOPE WORKS1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MAGDALEN AND LASHER CHARITY.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
MAGDALEN AND LASHER EDUCATIONAL FOUNDATION£305k—0unclear—no doubt
THE MAGDALEN AND LASHER CHARITY FY2025£553k—0unclear—no doubt
BECKETT'S AND SARGEANT'S EDUCATIONAL FOUNDATION FY2024£284k—0unclear—no doubt
THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION FY2025£514k—0unclear—no doubt
MAGDALEN & LASHER CHARITY - OLD HASTINGS HOUSE, CHARITABLE INCORPORATED ORGANISATION FY2025£2.5m—0above—no doubt
LONDON CHRISTIAN SCHOOL LTD FY2025£1.6m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.