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THE LITERARY AND PHILOSOPHICAL SOCIETY OF NEWCASTLE-UPON-TYNE

Registered charity 1120948 · accounts filings on the Charity Commission register

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Latest income
£1.5m
Latest spending
£554k
Registered
2007
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a loss on unrestricted reserves of £60,549, which was covered by investment gains, resulting in an overall surplus. The trustees note a persistent revenue deficit and that free reserves of £17,274 are below the stated policy target of £60,000.

What the accounts disclose

Related-party transaction: The Literary & Philosophical Trading Company Limited
“During the year the subsidiary company donated £4,002 (2023: £2,839) of profits to the Charitable Company.” — page 46
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kinnair Associates Limited. Discloses 4 of 6 completeness components.

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

Total income
£1.5m
Total spending
£554k
Cost of raising funds
£19k
Reserves (reported)
£17k
Employees
15

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Cumbria · Durham · Gateshead · Middlesbrough · Newcastle Upon Tyne City · North Tyneside · Northumberland · South Tyneside · Sunderland

Income and spending

Financial year endIncomeSpending
31/12/2024£1.5m£554k
31/12/2023£479k£527k
31/12/2022£390k£456k
31/12/2021£402k£439k
31/12/2020£427k£413k

Common questions

Is THE LITERARY AND PHILOSOPHICAL SOCIETY OF NEWCASTLE-UPON-TYNE financially healthy?

The accounts state that the charity reported a loss on unrestricted reserves of £60,549, which was covered by investment gains, resulting in an overall surplus. The trustees note a persistent revenue deficit and that free reserves of £17,274 are below the stated policy target of £60,000. Its FY2024 accounts were audited by Kinnair Associates Limited.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund19/06/2025£274k""Lit & Phil Open""
The National Lottery Heritage Fund26/02/2015£55k"Reflections of Newcastle 1914-1918"
The National Lottery Heritage Fund19/09/2008£300k"Widening Access to the Heritage And Collections of The Lit & Phil and Mining Institute"
The National Lottery Heritage Fund23/05/2005£50k"North East Institute Development Project"
The National Lottery Heritage Fund17/06/1999£435k"Lit & Phil Modernisation, Newcastle"