FUND FOR CURES UK, LTD.
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).
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?
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 | £44k |
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £40k |
| BNA CHARITABLE INCORPORATED ORGANISATION | 1 | £25k |
| THE ROAN CHARITABLE TRUST | 1 | £10k |
| FARRER AND CO CHARITABLE TRUST | 1 | £4k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £2k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN EAST HORSLEY | 1 | £828 |