THE DAVID LEAN FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £9,631, which is above its stated policy target of £2,481 (representing six months of investment income). The group reports total net assets of £850,731, supported by significant investment holdings, although the charity's primary income source from its trading subsidiary was £nil for the year.
What the accounts disclose
“The reserves policy is that the unrestricted income reserves of the charity should represent six months investment income. At the year end this would require a minimum income reserve of £2,481” — page 5
“S R Beard, a trustee of the Foundation and director of David Lean Films Ltd, is a director and the principal shareholder of Peter Smith (Farms) Ltd a company which, during the year received from the Group £36,504 (2023:£47,148) for providing office, accounting and administration services to the Foundation and David Lean Films Ltd.” — page 24
“Mr A A Reeves, a director of the David Lean Films Ltd until 29th January 2025, is entitled to a commission on the royalties received from "A Passage to India" and in 2024 received £406 (2023: £81).” — page 24
“S R Beard, a trustee of the Foundation and director of David Lean Films Ltd, is a director and the principal shareholder of Peter Smith (Farms) Ltd a company which, during the year received from the Group £36,504 (2023:£47,148) for providing office, accounting and administration services to the Foundation and David Lean Films Ltd.” — page 24
“Mr A A Reeves, a director of the David Lean Films Ltd until 29th January 2025, is entitled to a commission on the royalties received from "A Passage to India" and in 2024 received £406 (2023: £81).” — page 24
“The Foundation has a wholly owned trading subsidiary, David Lean Films Limited (Subsidiary), which collects film royalties, administers its own funds and makes gift aid distribution to the Foundation.” — page 17
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £202k | £271k |
| 31/12/2023 | £167k | £230k |
| 31/12/2022 | £223k | £98k |
| 31/12/2021 | £251k | £196k |
| 31/12/2020 | £184k | £150k |
Common questions
Is THE DAVID LEAN FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £9,631, which is above its stated policy target of £2,481 (representing six months of investment income). The group reports total net assets of £850,731, supported by significant investment holdings, although the charity's primary income source from its trading subsidiary was £nil for the year. Its FY2024 accounts were independently examined.