THE LORANA SULLIVAN UK FOUNDATION
Education and training of students and other defined groups in order to improve the standards of investigative, business and financial journalism through the provision of scholarships and financial support to other charitable and educational organisations.
Objects
TO ADVANCE ANY CHARITABLE PURPOSE RECOGNISED IN ENGLISH LAW THAT THE COUNCIL OF MANAGEMENT OF THE COMPANY IN THEIR ABSOLUTE DISCRETION THINK FIT, INCLUDING BUT NOT LIMITED TO, THE ADVANCEMENT OF EDUCATION AT THE COLUMBIA UNIVERSITY GRADUATE SCHOOL OF JOURNALISM (IN THE USA) AND THE RELIEF OF FINANCIAL NEED OF WOMEN STUDYING INVESTIGATIVE AND BUSINESS JOURNALISM BY THE PROVISION OF FINANCIAL ASSISTANCE INCLUDING SCHOLARSHIPS.
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £1,163,094 at the year end, which is below the stated policy target of sufficient funds to cover the next 12 months of budgeted expenditure (£135,000). The trustees report a reasonable expectation of continuing in operational existence, noting that even with no further income, the charity can sustain activity for at least two years.
What the accounts disclose
“The Board has agreed a policy to retain sufficient funds in reserves to meet immediate expenses to provide flexibility and resilience to cover any short-term funding crisis or a medium-term recession.” — page 8
“At the year-end £814 (2024: £814) was owed by the charity to Mr M Gillard, a trustee of the charity, for expenses incurred.” — page 21
“During the year the charity re-imbursed Mr H Friedberg, a trustee of the charity, £588 (2024: £Nil) for expenses incurred on behalf of the charity.” — page 21
“At the year-end £814 (2024: £814) was owed by the charity to Mr M Gillard, a trustee of the charity, for expenses incurred.” — page 21
“During the year the charity re-imbursed Mr H Friedberg, a trustee of the charity, £588 (2024: £Nil) for expenses incurred on behalf of the charity.” — page 21
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Corporate structure
- Registered company of the charity Companies House 03821824
Company officers (Companies House)
- MILLER, Robert Maxwell not on trustee list
- FARRELLY, Christopher Paul not on trustee list
- PEACHER, Amanda Mae not on trustee list
- TONG, Vinnee on trustee list
- MCDERMOTT, Maura on trustee list
- FRIEDBERG, Harry J., Mr. on trustee list
- SINGER, Richard on trustee list
Property (HM Land Registry)
Trustees
- HARRY FRIEDBERGchair
- MARILYN ORDOVER
- MAURA MCDERMOTT
- MICHAEL GILLARD
- RICHARD SINGER
- VINNEE TONG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £49k | £274k |
| 31/03/2024 | £47k | £90k |
| 31/03/2023 | £47k | £60k |
| 31/03/2022 | £42k | £303k |
| 31/03/2021 | £37k | £187k |
Common questions
Is THE LORANA SULLIVAN UK FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £1,163,094 at the year end, which is below the stated policy target of sufficient funds to cover the next 12 months of budgeted expenditure (£135,000). The trustees report a reasonable expectation of continuing in operational existence, noting that even with no further income, the charity can sustain activity for at least two years. Its FY2025 accounts were independently examined.