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LATCH WELSH CHILDREN'S CANCER CHARITY

Registered charity 1100949 · accounts filings on the Charity Commission register · also known as LATCH, Latch

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Latest income
£1.2m
Latest spending
£956k
Registered
2003
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity ran a deficit of almost £376,000 in 2023, funded by reducing its cash bank balance substantially. Per the trustees' report, while the deficit is readily financeable from reserves for a single year, it is not sustainable, and the charity aims to return to broad financial balance by 2026. The charity holds unrestricted reserves of £2,972,394, which the trustees note are equivalent to more than three times the level of charitable expenditure in 2023.

What the accounts disclose

Reserves policy: three to five years (held: £3.0m)
“The Trustees' agreed reserves policy is that unrestricted reserves should be maintained at a level sufficient to cover direct charitable expenditure over the medium term (defined as three to five years).” — page 13
Per its FY2023 accounts as filed with the Charity Commission.

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

Public fundraising profile: JustGiving — Latch Welsh Children's Cancer Charity (matched by registered charity number).

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

Total income
£1.2m
Total spending
£956k
Cost of raising funds
£71k
Reserves (reported)
£3.1m
Employees
0

Reported reserves equal ~38.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.2m£956k
31/12/2023£561k£937k
31/12/2022£891k£848k
31/12/2021£521k£1.9m
31/12/2020£574k£645k

Common questions

Is LATCH WELSH CHILDREN'S CANCER CHARITY financially healthy?

The accounts state that the charity ran a deficit of almost £376,000 in 2023, funded by reducing its cash bank balance substantially. Per the trustees' report, while the deficit is readily financeable from reserves for a single year, it is not sustainable, and the charity aims to return to broad financial balance by 2026. The charity holds unrestricted reserves of £2,972,394, which the trustees note are equivalent to more than three times the level of charitable expenditure in 2023. Its FY2023 accounts were audited by Xeinadin Audit Limited.