CURE EB (FORMERLY KNOWN AS SOHANA RESEARCH FUND)
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £199,920 at year-end, which is below the charity's stated policy target of maintaining a substantial restricted reserve fund to meet future project costs, although the charity notes it does not require a significant unrestricted reserve for operating costs. The charity reported a net movement in funds of negative £821,701, largely driven by a £310,464 impairment of social investments and accruals for future project commitments, yet the trustees remain confident that adequate resources exist to continue operations.
What the accounts disclose
“Policy: Because the charity has a low-cost operating base it does not require a significant unrestricted reserve fund to meet its operating costs. However, Cure EB aims to maintain and build a substantial restricted reserve fund to meet the cost of future projects.” — page 13
Leadership, per the charity’s website
- Sharmila — Founder and Trustee
Funders the charity credits
- Goldman Sachs Gives
- Redburn
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (08/12/2021)
Trustees
- Duncan Wales
- JAMES DOUGLAS COLLINS
- MICHAEL GEORGES DE LATHAUWER
- PROFESSOR DAVID KELSELL
- Rachel Lesiter
- SHARMILA VIJAYANTHI NIKAPOTA
- TAZIM HALL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.9m | £1.4m |
| 31/12/2023 | £731k | £1.6m |
| 31/12/2022 | £1.0m | £1.1m |
| 31/12/2021 | £1.6m | £859k |
| 31/12/2020 | £797k | £760k |
Common questions
Is CURE EB (FORMERLY KNOWN AS SOHANA RESEARCH FUND) financially healthy?
The accounts state that unrestricted reserves stood at £199,920 at year-end, which is below the charity's stated policy target of maintaining a substantial restricted reserve fund to meet future project costs, although the charity notes it does not require a significant unrestricted reserve for operating costs. The charity reported a net movement in funds of negative £821,701, largely driven by a £310,464 impairment of social investments and accruals for future project commitments, yet the trustees remain confident that adequate resources exist to continue operations. Its FY2023 accounts were audited by Mitchell Charlesworth (Audit) Limited.
Who funds CURE EB (FORMERLY KNOWN AS SOHANA RESEARCH FUND)?
Funders whose own accounts filings name CURE EB (FORMERLY KNOWN AS SOHANA RESEARCH FUND) as a grant recipient include IGY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| IGY FOUNDATION | FY2023 | £100k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROBERT LUFF FOUNDATION LIMITED | 3 | £85k |
| THE ASTOR FOUNDATION | 3 | £3k |
| SIR SAMUEL SCOTT OF YEWS TRUST | 2 | £25k |
| CECIL PILKINGTON CHARITABLE TRUST | 2 | £16k |
| PILKINGTON CHARITIES FUND | 2 | £11k |
| SUSANNA PEAKE CHARITABLE TRUST | 2 | £7k |
| THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST | 2 | £2k |
| ARMED FORCES COVENANT FUND | 1 | £300k |