FUND FOR CURES UK, LTD.
The Fund for Cures UK provides the financial capital, industry-experienced guidance, and business management needed to advance basic drug discoveries into the clinical realm.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with net liabilities of £965,293 and a deficit of £610,442. The trustees confirm that the charity continues to trade with the support of its parent organisation, which has indicated such support will be available for the foreseeable future. Consequently, the trustees have adopted the going concern basis for preparing the financial statements.
What the accounts disclose
“The charity continues to trade with the support of its parent, University Hospitals Research & Education Collaborations LLC. The trustees have received indications from the parent that such support will be available for the foreseeable future.” — page 6
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Corporate structure
- Registered company of the charity Companies House 11843293
Company officers (Companies House)
- BOND, Bradley Charles not on trustee list
- ROE, Ashley Martyn not on trustee list
- VISTRA COSEC LIMITED
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Michael Szubskichair
- Peter Worrall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £108k | £719k |
| 31/12/2023 | £285k | £591k |
| 31/12/2022 | £813k | £910k |
| 31/12/2021 | £347k | £362k |
| 31/12/2020 | £369k | £306k |
Common questions
Is FUND FOR CURES UK, LTD. financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with net liabilities of £965,293 and a deficit of £610,442. The trustees confirm that the charity continues to trade with the support of its parent organisation, which has indicated such support will be available for the foreseeable future. Consequently, the trustees have adopted the going concern basis for preparing the financial statements. Its FY2024 accounts were audited by Blick Rothenberg Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| THE PENNIES FOUNDATION | 1 | £95k |
| THE 29TH MAY 1961 CHARITY | 1 | £30k |
| BNA CHARITABLE INCORPORATED ORGANISATION | 1 | £25k |
| THE MAURICE AND HILDA LAING CHARITABLE TRUST | 1 | £24k |
| THE SYNCONA FOUNDATION | 1 | £20k |
| THE REED FOUNDATION | 1 | £15k |
| THE ROAN CHARITABLE TRUST | 1 | £10k |
Charities like this
- CURE INTERNATIONAL (UK)
- GOFUNDME.ORG.UK
- SUDC-UK
- UKH FOUNDATION
- KIDNEY RESEARCH YORKSHIRE
- CURE LEUKAEMIA
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FUND FOR CURES UK, LTD. | £108k | — | 0 | unclear | — | noted |
| CURE INTERNATIONAL (UK) | £461k | — | 0 | below | — | no doubt |
| GOFUNDME.ORG.UK | £227k | — | 0 | above | — | no doubt |
| SUDC-UK | £401k | — | 0 | unclear | — | no doubt |
| UKH FOUNDATION | £119k | — | 0 | unclear | — | no doubt |
| KIDNEY RESEARCH YORKSHIRE | £181k | — | 0 | above | — | no doubt |