THE LOFTHOUSE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds total unrestricted funds of £112,508,665, representing a net increase of £4,523,892 for the year. The trustees maintain a policy of keeping sufficient free reserves to cover management costs and respond to emergency grant applications, though no specific monetary target is defined. The charity operates a significant trading subsidiary, Lofthouse of Fleetwood Limited, which generates the vast majority of its incoming resources.
What the accounts disclose
“Directors remuneration 342,625” — page 19
“Directors remuneration 342,625” — page 19
“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
“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
“On 12th May 2022 the charity became the majority shareholder in the trading company Lofthouse of Fleetwood Limited.” — page 4
Year-over-year changes
- Employees paid over £60,000: 0 (FY2021) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MR D C LOFTHOUSEchair
- Kieran Michael Ryan
- Linda Mary Lofthouse
- Martin Clive Brook
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
The accounts state that the charity holds total unrestricted funds of £112,508,665, representing a net increase of £4,523,892 for the year. The trustees maintain a policy of keeping sufficient free reserves to cover management costs and respond to emergency grant applications, though no specific monetary target is defined. The charity operates a significant trading subsidiary, Lofthouse of Fleetwood Limited, which generates the vast majority of its incoming resources. 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 £20,001 - £30,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HENDON FAMILIES SYNAGOGUE LIMITED | 1 | £929k |
| WEST LOOE TOWN TRUST | 1 | £3k |