COHERE CHARITY
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £2,340,349, representing a significant increase from the previous year's £68,347, driven largely by a new endowment. The charity reported a net income of £2,678,243 against total expenditure of £1,164,538, resulting in a strong positive cash flow and growth in total funds to £2,746,590. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“During the year there were related party transactions in the form of grants from Cohere UK to Cohere Uganda and Cohere Kenya. These transactions are in line with the charitable activities and objectives of the group and are removed from the accounts once the group is consolidated.” — page 24
“Cohere Uganda has control by way of a majority shareholding in Turaco Valley Foods Ltd (a company incorporated in The Republic Of Uganda).” — page 24
Leadership, per the charity’s website
- Edmund Page — CEO & Founder
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CLIVE MATTHEW HOPEWELL
- Dr Philippa Harris
- Grazia Tiffany Borzi
- HAMISH DAVID NEIL BARNABAS REID
- Zeeshan Ahmed Longi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.8m | £1.8m |
| 31/12/2023 | £2.0m | £1.8m |
| 31/12/2022 | £3.8m | £1.2m |
| 31/12/2021 | £725k | £769k |
| 31/12/2020 | £655k | £610k |
Common questions
Is COHERE CHARITY financially healthy?
The accounts state that unrestricted reserves stood at £2,340,349, representing a significant increase from the previous year's £68,347, driven largely by a new endowment. The charity reported a net income of £2,678,243 against total expenditure of £1,164,538, resulting in a strong positive cash flow and growth in total funds to £2,746,590. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2022 accounts were audited by Dunkley's Statutory Auditors Chartered Accountants.
Who funds COHERE CHARITY?
Funders whose own accounts filings name COHERE CHARITY as a grant recipient include THE BARTLETT FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE BARTLETT FOUNDATION | FY2024 | £13k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Caring Family Foundation | 1 | £793k |
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £149k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £90k |
| THE BORROWS CHARITABLE TRUST | 1 | £75k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £57k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £40k |
| SWAROVSKI FOUNDATION | 1 | £35k |
| THE BEATRICE GILMORE CHARITABLE TRUST | 1 | £27k |