Finance Score: 2

Governance Score: 5

Support Score: 4

Poor Liquidity: -1
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3

Grant maker support: +4

Overall GiG Score: 11

MATHEMATICS IN EDUCATION AND INDUSTRY

MEI advances the education of the public in the field of mathematics and promotes links between education and industry in mathematics.

Analysis by Giving is Great

Positives:

Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 13 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23	£9,934	£9,917	£17	£19	£1,292	£1,292	1.6	204
31/03/22	£8,968	£9,062	£-94	£14	£1,275	£1,275	1.7	177
31/03/21	£8,121	£8,085	£36	£7	£1,369	£1,369	2	187
31/03/20	£9,815	£9,804	£11	£8	£1,333	£1,333	1.6	251
31/03/19	£8,088	£8,121	£-33	£8	£1,322	£979	1.4	235
31/03/18	£6,438	£6,368	£70	£36	£1,356	£1,019	1.9	221
31/03/17	£6,489	£6,493	£-3	£56	£1,285	£930	1.7	198
31/03/16	£6,527	£6,634	£-107	£75	£1,289	£951	1.7	185
31/03/15	£6,578	£6,394	£184	£135	£1,431	£940	1.8	43
31/03/14	£4,766	£4,658	£108	£130	£1,248	£892	2.3	34
31/03/13	£4,282	£4,316	£-34	£149	£1,140	£828	2.3	32
31/03/12	£2,784	£2,687	£97	£154	£1,174	£870	3.9	22
31/03/11	£2,764	£2,597	£167	£192	£1,077	£440	2	20
31/03/10	£2,397	£2,586	£-189	£209	£910	£468	2.2	19
31/03/09	£2,933	£2,716	£217	£214	£1,099	£499	2.2	19
31/03/08	£2,851	£2,845	£6	£201	£882	£487	2.1	18
31/03/07	£2,947	£2,999	£-52	£223	£877	£448	1.8	16
31/03/06	£2,913	£2,414	£498	£0	£0	£0	n/a	0
31/03/05	£1,151	£861	£290	£0	£0	£0	n/a	0
31/03/04	£471	£444	£27	£0	£0	£0	n/a	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0.2%
Fundraising Costs/Total Spending: 0.2%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 55%
Liabilities/Income: 16%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 1.6 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1

Asset Split ?

Established: 28 years

www.mei.org.uk

office@mei.org.uk

01225776776

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Academic support

How it operates

Acts as an umbrella or resource body
Provides human resources
Sponsors or undertakes research

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People

Who works here?

204 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Nesta - AC01294
£70,000	15/01/2021	EdTech Innovation Fund programme grant to MEI Grant Ref AC01294
Nesta - AC01165
£10,000	23/09/2020	EdTech Innovation Fund programme grant to MEI Grant Ref AC01165
Nuffield Foundation - Education grant
£60,594	11/12/2018	A new mathematics GCSE curriculum for post-16 resit students

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (13)

Current Trustees appointed

Age Range of Trustees: 23-70

MRIDUL KHARIWAL Appointed: 2023, Occupation: Accountant

NAVARDA JOEDY GARSIDE Appointed: 2023, Occupation: Assistant Director Of Curriculum

DAVID MORGAN HANCOX Appointed: 2023, Occupation: Chartered Accountant

DR JAMES JOSEPH COUGHLAN Appointed: 2022, Occupation: Head Teacher

HASHIM RAMZAN Appointed: 2022, Occupation: Degree Apprentice

LOWRI WILLIAMS Appointed: 2019, Occupation: Head Of Human Resources

PROFESSOR TIMOTHY MARK HARVEY JAY Appointed: 2021, Occupation: University Professor

STEPHEN DAVID PARDOE Appointed: 2023, Occupation: Retired

DR DAVID BEDFORD Appointed: 2018, Occupation: University Lecturer

PETER ANSCOMBE Appointed: 2021, Occupation: Retired

SERENA ANNE TIERNEY Appointed: 2020, Occupation: Solicitor

STEVEN LABEDZ Appointed: 2017, Occupation: Executive Head Teacher

PROFESSOR VICTORIA POPE Appointed: 2019, Occupation: Consultant, Non-Executive Director, Trustee, Other trusteeship: IN2SCIENCEUK.ORG,

Legal constitution

Charitable company registered in England & Wales on 29/10/1996, number: 1058911
Registered at Companies House on 18/10/1996, number: 03265490

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; all on time

Main office

Objectives

TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE FIELD OF MATHEMATICS AND TO PROMOTE LINKS BETWEEN EDUCATION AND INDUSTRY IN MATHEMATICS.

Defined Area of Benefit:

NOT DEFINED

Data Sources