LANCASHIRE TEACHING HOSPITALS CHARITY
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £30k for the year ended 31 March 2025, a significant improvement from the £240k deficit in the prior year. Total incoming resources increased by 25% to £785k, driven by higher grant and legacy income, while total expenditure decreased to £830k. The charity holds total reserves of £1,143k, which the trustees consider sufficient to cover six months of operating expenditure and outstanding commitments.
What the accounts disclose
“The Trustee aims to maintain free reserves in unrestricted funds at a level which equates to approximately six months of operating expenditure £166k.”
“The Charity's investment portfolio is pooled with that of The Rosemere Cancer Foundation. The Charity receives an apportionment of the income and expenditure related to the investments based on its share (69%) of the portfolio” — page 29
“The Charity holds 100% of the share capital in Baby Beat Limited (Company Registration Number 03817502), a retail outlet based in the Sharoe Green Unit at Royal Preston Hospital.”
Corporate structure
- Trading subsidiary: BABY BEAT LTD Companies House 03817502
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (11/02/2021)
- Received assets from another charity (02/02/2021)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £785k | £830k |
| 31/03/2024 | £627k | £919k |
| 31/03/2023 | £1.3m | £1.4m |
| 31/03/2022 | £550k | £747k |
| 31/03/2021 | £1.5m | £1.8m |
Common questions
Is LANCASHIRE TEACHING HOSPITALS CHARITY financially healthy?
The accounts state that the charity reported a deficit of £30k for the year ended 31 March 2025, a significant improvement from the £240k deficit in the prior year. Total incoming resources increased by 25% to £785k, driven by higher grant and legacy income, while total expenditure decreased to £830k. The charity holds total reserves of £1,143k, which the trustees consider sufficient to cover six months of operating expenditure and outstanding commitments. Its FY2025 accounts were audited by Beever and Struthers.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JORON CHARITABLE TRUST | 2 | £15k |
| THE GEOFF & FIONA SQUIRE FOUNDATION | 2 | £7k |
| MILLS AND REEVE CHARITABLE TRUST | 2 | £7k |
| 2104 CHARITY FOUNDATION | 1 | £123k |
| THE TRUE COLOURS TRUST | 1 | £120k |
| THE PENNIES FOUNDATION | 1 | £106k |
| THE HEADLEY TRUST | 1 | £100k |
| THE O'SULLIVAN FAMILY CHARITABLE TRUST | 1 | £97k |