Charity Accounts Intelreading the accounts so you don’t have to

THE LOFTHOUSE FOUNDATION

Registered charity 1038728 · accounts filings on the Charity Commission register · also known as LOFTHOUSE FOUNDATION

The provision of amenities and facilities for the benefit of the public.

Causes: Economic/community Development/employment · Grant history (this charity is a funder) · Get email alerts

Latest income
£66.3m
Latest spending
£61.8m
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total unrestricted funds increased to £112,508,665, supported by significant commercial trading income of £64,849,343. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding its going concern status.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £342,625 — above the 90th percentile for charities its size (median £130k)
“Directors remuneration 342,625” — page 19
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“Directors remuneration 342,625” — page 19
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Commercial trading activities (98% of income)
“Sales of Goods 64,849,343” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: sufficient investment income from which to cover unrestricted expenditure (held: £112.5m)
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level to provide sufficient investment income from which to cover unrestricted expenditure.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity is the majority parent (67.4% shareholding) of Lofthouse of Fleetwood Limited, whose directors are also trustees of the Foundation. No transactions occurred between the entities during the year.
“On 12 May 2022, the Foundation became the majority parent of Lofthouse of Fleetwood Limited with a 67.4% shareholding. The Directors of the company are both Trustees of the Foundation. During the year there were no transactions between the two entities.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Lofthouse of Fleetwood Limited
“On 12th May 2022 the charity became the majority shareholder in the trading company Lofthouse of Fleetwood Limited.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Ltd. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Corporate structure

LOFTHOUSE OF FLEETWOOD LIMITED — per its own Companies House accounts
  • Turnover: £79.2m
  • Profit before tax: £13.6m
  • Donated/gift-aided to the charity: £25k
“Donations totalling £25,000 (2024 - Nil) were made to the Lofthouse Foundation during the year. This is a charitable organisation of which both the directors of the company are Trustees and has a majority shareholding in the company.”

Structured financials (annual return, FY ending 31/12/2024)

Total income
£66.3m
Total spending
£61.8m
Reserves (reported)
£7.7m
Employees
0

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Other trading activities (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/12/2024£66.3m£61.8m
31/12/2023£67.4m£64.6m
31/12/2022£78.4m£32.9m
31/12/2021£175k£50k
31/12/2020£109k£114k

Common questions

Is THE LOFTHOUSE FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £112,508,665, supported by significant commercial trading income of £64,849,343. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding its going concern status. Its FY2024 accounts were audited by Xeinadin Audit Ltd.

What does the highest-paid employee of THE LOFTHOUSE FOUNDATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £342,625 band, and 1 employees earned over £60,000.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE JAGCLIF CHARITABLE TRUST1£4.1m
The Ashley Tabor-King Foundation1£1.4m
PETER DUBENS FAMILY FOUNDATION1£200k
THE CADOGAN CHARITY1£100k
SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with MW (HO) FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE LOFTHOUSE FOUNDATION£66.3m£342,6251above—no doubt
MW (HO) FOUNDATION FY2024£207k—0unclear—no doubt
THE TOMPKINS FOUNDATION FY2025£397k—0above—no doubt
S P LOHIA FOUNDATION FY2023£1.5m—0above—no doubt
SMART CITIZENS CHARITABLE FOUNDATION FY2025£158k—0unclear—no doubt
THE PURI FOUNDATION FY2025£5.3m—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.