COSMIC
Financial health, per its FY2024 accounts
The accounts state that total funds at year-end were £1,035,890, comprising £820,546 in unrestricted reserves and £215,344 in restricted funds. The charity reported a net expenditure of £210,882 for the year, resulting in a decrease in total funds from the previous year. The trustees confirmed the charity has adequate resources to continue as a going concern.
What the accounts disclose
“It holds reserves of 12 months running costs, including the provision of core services to both Units.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (25/02/2020)
- Received assets from another charity (28/06/2019)
- Received assets from another charity (25/03/2019)
Trustees
- Dr SIMON NADELchair
- Amanda Hamerla
- Angela Birkin
- Dr Sunit Vinod Godambe
- Dr Thomas Lissauer
- Henry Edward Hugh St George
- Jeanne DiIorio Altberger
- Jeremy Mills
- Joshua Lawrence
- Sara Wan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £992k | £876k |
| 31/01/2024 | £461k | £672k |
| 31/01/2023 | £564k | £520k |
| 31/01/2022 | £374k | £432k |
| 31/01/2021 | £530k | £387k |
Common questions
Is COSMIC financially healthy?
The accounts state that total funds at year-end were £1,035,890, comprising £820,546 in unrestricted reserves and £215,344 in restricted funds. The charity reported a net expenditure of £210,882 for the year, resulting in a decrease in total funds from the previous year. The trustees confirmed the charity has adequate resources to continue as a going concern. Its FY2024 accounts were independently examined.
Who funds COSMIC?
Funders whose own accounts filings name COSMIC as a grant recipient include THE JORON CHARITABLE TRUST, THE BOLTINI TRUST, THE WILLIAM ALLEN YOUNG CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE JORON CHARITABLE TRUST | FY2023 | £20k |
| THE BOLTINI TRUST | FY2023 | £10k |
| THE WILLIAM ALLEN YOUNG CHARITABLE TRUST | FY2023 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 1 | £980k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £600k |
| THE FIDELITY UK FOUNDATION | 1 | £264k |
| BUKHMAN FOUNDATION | 1 | £200k |
| THE CRUCIBLE FOUNDATION | 1 | £165k |
| THE RAYNE FOUNDATION | 1 | £90k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £25k |
| DAVID PEARLMAN CHARITABLE FOUNDATION | 1 | £20k |