LUTON CULTURAL SERVICES TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing of resources of £526,136 for the year, primarily driven by a £263,000 pension cost and property impairments. The trustees note that the organization has fallen below its stated reserves policy target of £600,000, though they maintain a reasonable expectation of continuing as a going concern with secured funding confirmed for the next period.
What the accounts disclose
“The Trustees consider that the ideal level of reserves as at 31st March 2024 would be £600,000 representing two months operational expenditure.” — page 19
“The group accounts consolidate the accounts of Luton Cultural Services Trust and its subsidiary undertaking, LCST Trading Limited” — page 36
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/02/2017)
Trustees
- ANDREW STRANGE
- Bilal Hussain
- Charmaine Isles
- Dr Carlota Larrea
- Julia Luddington
- Julma Begum
- Nigel Marshall
- Robert Smalley
- SUFIAN SADIQ
- Safeer Ahmed
- Will Morgan-Macleod
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.6m | £3.8m |
| 31/03/2024 | £3.0m | £3.5m |
| 31/03/2023 | £2.8m | £4.3m |
| 31/03/2022 | £4.0m | £3.6m |
| 31/03/2021 | £4.5m | £3.3m |
Common questions
Is LUTON CULTURAL SERVICES TRUST financially healthy?
The accounts state that the charity reported a net outgoing of resources of £526,136 for the year, primarily driven by a £263,000 pension cost and property impairments. The trustees note that the organization has fallen below its stated reserves policy target of £600,000, though they maintain a reasonable expectation of continuing as a going concern with secured funding confirmed for the next period. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/07/2024 | £178k | "Re-connect" |
| The National Lottery Heritage Fund | 22/03/2023 | £10k | "Sustainable Stockwood" |
| The National Lottery Heritage Fund | 10/08/2020 | £68k | "COVID19 Luton Cultural Services Trust" |
| The National Lottery Heritage Fund | 11/06/2019 | £1.2m | "Hatworks - a new space for creative pioneers" |
| The National Lottery Heritage Fund | 18/07/2013 | £78k | "Taking the next step: Improving heritage commercialisation at Luton Culture" |
| The National Lottery Heritage Fund | 07/06/2013 | £9k | "Driving cultural donations for Luton" |
| The National Lottery Heritage Fund | 21/03/2013 | £97k | "Luton Remembers the First World War" |
| The National Lottery Heritage Fund | 20/06/2012 | £36k | "Vardo Art" |