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THE LORANA SULLIVAN UK FOUNDATION

Registered charity 1078955 · accounts filings on the Charity Commission register · also known as THE LORANA SULLIVAN 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.

Causes: General Charitable Purposes · Education/training · Get email alerts

Latest income
£49k
Latest spending
£274k
Registered
2000
Accounts read
FY2025

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.

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

What the accounts disclose

Reserves policy: 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 (held: £1.2m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Amount owed to trustee for expenses
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement of trustee expenses
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

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

Operates in: United States

Income and spending

Financial year endIncomeSpending
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.