EDWARD PENLEY ABRAHAM RESEARCH FUND
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £15,644,176 for the year ended 5 April 2023, primarily driven by net investment losses of £14,761,575. Despite this deficit, the trustees confirm that available reserves of £148,214,577 are sufficient to meet all current commitments and future grant obligations. The trustees also note that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The expendable Endowment Fund is also unrestricted and the reserve policy is that there can be no use of the current value of this fund where this exceeds 10% of the value.” — page 15
“The Guy Newton Research Fund and the Edward Penley Abraham Research Fund hold joint investments with Sandaire Limited and UBS. As at 5 April 2022 the Edward Penley Abraham Research Fund was entitled to 91.91 % of the Sandaire & UBS funds. All investment income and associated costs have been apportioned on the above basis.” — page 25
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- Professor Peter Richard Cookchair
- Nigel Richard Clifford
- PROFESSOR GILLIAN MARGARET GRIFFITHS
- PROFESSOR MATTHEW FREEMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £2.2m | £6.8m |
| 05/04/2024 | £2.5m | £2.8m |
| 05/04/2023 | £2.3m | £3.2m |
| 05/04/2022 | £2.5m | £5.0m |
| 05/04/2021 | £2.0m | £10.6m |
Common questions
Is EDWARD PENLEY ABRAHAM RESEARCH FUND financially healthy?
The accounts state that the charity reported a net deficit of £15,644,176 for the year ended 5 April 2023, primarily driven by net investment losses of £14,761,575. Despite this deficit, the trustees confirm that available reserves of £148,214,577 are sufficient to meet all current commitments and future grant obligations. The trustees also note that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Critchleys Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JUVENILE DIABETES RESEARCH FOUNDATION LIMITED | 1 | £38k |