THE SOBELL FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that total unrestricted funds decreased from £64,172,405 to £57,979,332 during the year, driven by a net expenditure on investments of £3,244,137. The trustees maintain a reserves policy of at least two years of normal charitable expenditure, and the current unrestricted reserves significantly exceed this target. The trustees and auditors confirm the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The trustees aim to maintain a reserve fund, including cash, at a level equating to at least two years normal charitable expenditure in order to meet any short-term variances in cash flow.” — page 6
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- ANDREA GAIE SCOULLER
- Chloe Fletcher
- JEROME HUMPHREY ANDRE LACROIX
- JULIAN MICHAEL EDWARD LEE
- Karis Ann Lacroix
- SUSAN GINA LACROIX
- Sebastian Gaskell Lee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £1.2m | £2.3m |
| 05/04/2024 | £1.2m | £2.3m |
| 05/04/2023 | £941k | £3.9m |
| 05/04/2022 | £699k | £4.0m |
| 05/04/2021 | £1.9m | £1.9m |
Common questions
Is THE SOBELL FOUNDATION financially healthy?
The accounts state that total unrestricted funds decreased from £64,172,405 to £57,979,332 during the year, driven by a net expenditure on investments of £3,244,137. The trustees maintain a reserves policy of at least two years of normal charitable expenditure, and the current unrestricted reserves significantly exceed this target. The trustees and auditors confirm the charity has adequate resources to continue as a going concern. Its FY2023 accounts were audited by BKL Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UK GIVES LTD | 1 | £21k |