THE WYN AND KEN LO MEMORIAL FOUNDATION
The Foundation makes grants to charitable organisations in accordance with the discretion of its trustees who meet approximately annually to consider making grants, the total amount of which is normally in line with the Foundation's annual income and capital appreciation. The trustees will consider applications for grants from other charities.
Objects
GENERAL CHARITABLE PURPOSES
Financial health, per its FY2024 accounts
The accounts state that the charity holds total unrestricted funds of £4,145,693, which is an increase from the previous year's £3,913,624. The trustees confirm that reserves are sufficient to cover budgeted expenditure for the next twelve months, with no material uncertainties affecting the going concern basis. The charity operates on a full income distribution policy, allocating all incoming resources to charitable activities and investment management costs.
What the accounts disclose
“The charity's resources are entirely generated from the trust's investment portfolio and deposit interest from monies held on deposit.”
“The trustees have for many years adopted a full income distribution policy. There are no further commitments other than those already provided for in the financial statements at the year-end for which reserves need to be made available.” — page 7
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- ANN MARY RODRIGUES
- BERNARD NORMAN LO
- MR FRANK LO
- Nicholas Lo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £66k | £105k |
| 31/12/2023 | £41k | £250k |
| 31/12/2022 | £40k | £342k |
| 31/12/2021 | £36k | £118k |
| 31/12/2020 | £28k | £150k |
Common questions
Is THE WYN AND KEN LO MEMORIAL FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total unrestricted funds of £4,145,693, which is an increase from the previous year's £3,913,624. The trustees confirm that reserves are sufficient to cover budgeted expenditure for the next twelve months, with no material uncertainties affecting the going concern basis. The charity operates on a full income distribution policy, allocating all incoming resources to charitable activities and investment management costs. Its FY2024 accounts were independently examined.