LYTHAM TOWN TRUST LIMITED
Preservation of buildings of historical and architectural interest and letting of property
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a net surplus of £220,669 and holds total funds of £3,583,045. Per the trustees' report, unrestricted reserves equate to 36 months of expenditure, which is above the stated policy target of 12 to 24 months. The charity relies on room hire and rental income to cover operating costs and has no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The directors have adopted a reserves policy whereby the unrestricted funds not set aside for or invested in tangible fixed assets, is between 12 and 24 months of the average resources expended over the previous three years, excluding exceptional items.” — page 5
“Lytham Town Trust made no donations to Heritage Trust for the North West in the year (2023: £40,000).”
Property (HM Land Registry)
Trustees
- David Gill FCAchair
- Alexandra Evans
- Andrew Michael Wolfe
- DAMIAN FRANCIS CLARKE
- Julian Howard Miles Hale
- Michael Withers
- ROBERT ANTHONY CHARLES SMITH
- STANLEY CHRISTOPHER KITT
- Susan Jones
- Susan Mary Cornah
- William Rupert Timothy Hale
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £340k | £119k |
| 31/12/2023 | £247k | £185k |
| 31/12/2022 | £139k | £61k |
| 31/12/2021 | £120k | £54k |
| 31/12/2020 | £112k | £61k |
Common questions
Is LYTHAM TOWN TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a net surplus of £220,669 and holds total funds of £3,583,045. Per the trustees' report, unrestricted reserves equate to 36 months of expenditure, which is above the stated policy target of 12 to 24 months. The charity relies on room hire and rental income to cover operating costs and has no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PILGRIM TRUST | 1 | £10k |
| THE PENCHANT FOUNDATION | 1 | £5k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £2k |
| THE HAROLD AND ALICE BRIDGES CHARITY | 1 | £500 |
Charities like this
- MOTHECOMBE PRESERVATION TRUST
- NORTH CRAVEN BUILDING PRESERVATION TRUST
- LONDON HISTORIC BUILDINGS TRUST LTD
- SEFTON PARK PALM HOUSE PRESERVATION TRUST
- RICHMONDSHIRE BUILDING PRESERVATION TRUST LTD
- Country Houses Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LYTHAM TOWN TRUST LIMITED | £340k | — | 0 | above | — | no doubt |
| MOTHECOMBE PRESERVATION TRUST | £159k | — | 0 | above | — | no doubt |
| NORTH CRAVEN BUILDING PRESERVATION TRUST | £1.1m | — | 0 | unclear | — | no doubt |
| LONDON HISTORIC BUILDINGS TRUST LTD | £116k | — | 0 | above | — | no doubt |
| SEFTON PARK PALM HOUSE PRESERVATION TRUST | £981k | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| RICHMONDSHIRE BUILDING PRESERVATION TRUST LTD | £2.2m | — | 0 | above | — | no doubt |