KELSICK'S EDUCATIONAL FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit of £78,081 for the year ended 31 March 2025, primarily driven by a material increase in property maintenance costs to address backlog works. Despite this deficit and a decrease in investment values, the trustees report that current free reserves of £126,042 are sufficient for planned near-term expenditure, though they remain below the stated policy target.
What the accounts disclose
“Free reserves as of 31 March 2025 were below that target at £126,042 (2024 - £197,456) reflecting the anticipated property maintenance requirements.”
Trustees
- NICHOLAS CHARLES MARTINchair
- ANGELA JANE RENOUF
- Christopher Shepherd
- Dr Paul John Davies
- John Cunningham
- LESLIE JOHNSON
- Mark Blackburn
- Mark Duncan Lawton
- Michael Andrew Fearon
- Paul Bentley Edmondson
- Rev Andrew Paul Smith
- Rose Linda Tebay
- William Martin James Clark
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £449k | £527k |
| 31/03/2024 | £411k | £409k |
| 31/03/2023 | £406k | £482k |
| 31/03/2022 | £408k | £382k |
| 31/03/2021 | £387k | £382k |
Common questions
Is KELSICK'S EDUCATIONAL FOUNDATION financially healthy?
The accounts state that the charity reported an operating deficit of £78,081 for the year ended 31 March 2025, primarily driven by a material increase in property maintenance costs to address backlog works. Despite this deficit and a decrease in investment values, the trustees report that current free reserves of £126,042 are sufficient for planned near-term expenditure, though they remain below the stated policy target. Its FY2025 accounts were audited by Xeinadin Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BRITISH FRIENDS OF MASAT MOSHE | 1 | £1.6m |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £371k |
| THE CHARLES WOLFSON CHARITABLE TRUST | 1 | £232k |
| THE WIGODER FAMILY FOUNDATION | 1 | £148k |
| THE JMCMRJ SORRELL FOUNDATION | 1 | £20k |
| THE BEAVERBROOKS CHARITABLE TRUST | 1 | £15k |
| LAWSON BECKMAN CHARITABLE TRUST | 1 | £5k |