LUMOS FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted free reserves of £2.5m against a policy target of £1.4m to £2.8m, representing 3 to 6 months of operating expenses. The auditor confirmed that there are no material uncertainties related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
What the accounts disclose
“£120,001 - £130,000 1”
“Our target base level of free reserves is equivalent to approximately 3 to 6 months operating expenses, which is £1.4m to £2.8m.” — page 41
Year-over-year changes
- Top pay band moved from unclear (FY2022) to £120,001 - £130,000 (FY2023).
Leadership, per the charity’s website
- J.K. Rowling — Founder
- Eugenia Godoroja — Head of Child and Youth Participation
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Kenneth Ian Towlechair
- Dr Doreen Mulenga
- Elizabeth Lule
- Keith Schilling
- Neal Gandhi
- Rosanna Burcheri
- Sophie Bridge
- USMAN ALI
- Zahed Kamathia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.7m | £6.5m |
| 31/12/2023 | £7.9m | £5.0m |
| 31/12/2022 | £7.1m | £7.4m |
| 31/12/2021 | £4.9m | £8.2m |
| 31/12/2020 | £5.5m | £9.9m |
Common questions
Is LUMOS FOUNDATION financially healthy?
The accounts state that the charity held unrestricted free reserves of £2.5m against a policy target of £1.4m to £2.8m, representing 3 to 6 months of operating expenses. The auditor confirmed that there are no material uncertainties related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Saffery LLP.
What does the highest-paid employee of LUMOS FOUNDATION earn?
Per its FY2023 accounts, the highest-paid employee was in the £120,001 - £130,000 band.
Who funds LUMOS FOUNDATION?
Funders whose own accounts filings name LUMOS FOUNDATION as a grant recipient include THE FYRISH FOUNDATION, THE JIGSAW NETWORK C.I.O., THE LOWER GREEN FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE FYRISH FOUNDATION | FY2023 | £314k |
| THE JIGSAW NETWORK C.I.O. | FY2023 | £50k |
| THE LOWER GREEN FOUNDATION | FY2024 | £8k |
| THE LOWER GREEN FOUNDATION | FY2023 | £1k |