Sonu & Eva Foundation
Financial health, per its FY2023 accounts
The accounts state that the charity concluded the fiscal year 2023 with unrestricted reserves of £3,467, which is significantly below the trustees' stated policy target of three months of charitable expenditure. Per the trustees' report, this shortfall resulted from a substantial decrease in income and higher expenditure than income allowed, leading to a net expenditure for the year.
What the accounts disclose
“However, the balance at the end of 2023, £3,500, was below this target.” — page 7
“The charity received income of £181,374 (2022: £758,484) from Soneva resorts. The Trustees of the charity, S Shivdasani and E Malmstrom-Shivdasani are directors of the Soneva resorts and B Bromley is the CFO and Deputy CEO at Soneva resorts.” — page 17
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "below" (FY2023).
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- EVA MALMSTROM-SHIVDASANI
- MR SONU SHIVDASANI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £472k | £567k |
| 31/12/2023 | £231k | £1.4m |
| 31/12/2022 | £1.3m | £2.2m |
| 31/12/2021 | £2.0m | £545k |
| 31/12/2020 | £586k | £320k |
Common questions
Is Sonu & Eva Foundation financially healthy?
The accounts state that the charity concluded the fiscal year 2023 with unrestricted reserves of £3,467, which is significantly below the trustees' stated policy target of three months of charitable expenditure. Per the trustees' report, this shortfall resulted from a substantial decrease in income and higher expenditure than income allowed, leading to a net expenditure for the year. Its FY2023 accounts were independently examined.