THE LATVIAN WELFARE TRUST
A social and cultural organisation working with Latvian men, women and children and their decendants throughout the world, but primarily within the UK and Latvia.Creation of social and cultural centres at which Latvians can live and meet for traditional and more general activities. These centres include libraries and archives of information about our activities. Scholarships for students.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £11,037,355, which is above the stated policy target of three to six months' expenditure. The Trust reported a net expenditure of £63,734 for the year, resulting in a decrease in funds, but maintains adequate resources to continue as a going concern.
What the accounts disclose
“It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure.” — page 9
“The Trust was owed £19,298 (2023: £11,317) from DVF Estate Ltd at the year end. The Trust owed £25,807 (2023: £10,880) to DVF London Ltd at the year end.” — page 23
“The Latvian Welfare Trust formed two 100% owned subsidiaries - DVF London Ltd and DVF Estate Ltd of which the profits are donated to the Trust.” — page 10
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Karoline Isabella Zobens-Eastchair
- Baiba Freimane
- Edite Browell
- Elina Beet
- Ella Osa
- Ivars Keiss
- Miks Vizbulis
- Rita Harrison
- Stafans Bagienskis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £197k | £261k |
| 31/12/2023 | £478k | £707k |
| 31/12/2022 | £1.4m | £1.8m |
| 31/12/2021 | £921k | £1.3m |
| 31/12/2020 | £711k | £1.3m |
Common questions
Is THE LATVIAN WELFARE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £11,037,355, which is above the stated policy target of three to six months' expenditure. The Trust reported a net expenditure of £63,734 for the year, resulting in a decrease in funds, but maintains adequate resources to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LOCAL TRUST | 1 | £972k |
| The Barnes Fund | 1 | £336k |
| THE EVELYN TRUST | 1 | £121k |
| Richmond Foundation | 1 | £89k |
| HAMPTON FUEL ALLOTMENT | 1 | £60k |
| TRUST FOR LONDON | 1 | £54k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY AND CHRIST CHURCH, RICHMOND, SURREY | 1 | £35k |
| SMALLWOOD TRUST | 1 | £34k |
Charities like this
- LATVIAN COMMUNITY ASSOCIATION IN THE UK
- MUIN WELFARE TRUST
- VALAN SOCIAL WELFARE TRUST
- THE LONDON WELSH CENTRE TRUST
- SOMALI WELFARE TRUST
- LVA TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LATVIAN WELFARE TRUST | £197k | — | 0 | above | — | no doubt |
| LATVIAN COMMUNITY ASSOCIATION IN THE UK | £106k | — | 0 | unclear | — | no doubt |
| MUIN WELFARE TRUST | £146k | — | 0 | unclear | — | no doubt |
| VALAN SOCIAL WELFARE TRUST | £759k | — | 0 | unclear | — | no doubt |
| THE LONDON WELSH CENTRE TRUST | £535k | — | 0 | unclear | — | noted |
| SOMALI WELFARE TRUST | £302k | — | 0 | below | — | no doubt |