LACES EDUCATIONAL
ADVANCEMENT OF EDUCATION THROUGHOUT THE WORLD & RELATED PROJECTS.
Financial health, per its FY2024 accounts
The charity reported a net outgoing of resources of £47,746 for the year ended March 2024, resulting in a decrease in unrestricted funds from £57,892 to £10,146. Total income was £100,847, while total expenditure reached £148,593, primarily driven by grants made of £141,523. The accounts were prepared on a going concern basis with no material uncertainties disclosed.
What the accounts disclose
“Laces Educational reserves policy is to retain a sufficient level of reserves to enable the charity to maintain its operating activities and continue providing its services taking account of potential risks and contingencies that may arise from time to time.” — page 4
“Accountancy fees amounting to £1,800 (2023: £1,800) were paid in the year to TC BSG Valentine Limited. Mr Barry Martin Mackenzie is a consultant of TC BSG Valentine Limited and a trustee of the charity.” — page 10
“Legal and professional fees amounting to £5,270 (2023: £4,782) were paid in the year to Lee Bolton Monier-Williams LLP. Mr Howard John Dellar is a partner in Lee Bolton Monier- Williams LLP and also a trustee of the charity.” — page 10
“Accountancy fees amounting to £1,800 (2023: £1,800) were paid in the year to TC BSG Valentine Limited. Mr Barry Martin Mackenzie is a consultant of TC BSG Valentine Limited and a trustee of the charity.” — page 10
“Legal and professional fees amounting to £5,270 (2023: £4,782) were paid in the year to Lee Bolton Monier-Williams LLP. Mr Howard John Dellar is a partner in Lee Bolton Monier- Williams LLP and also a trustee of the charity.” — page 10
Trustees
- HOWARD JOHN DELLARchair
- Alan Mason
- MARGARET JANE FULFORD OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £216k | £180k |
| 31/03/2024 | £101k | £149k |
| 31/03/2023 | £63k | £115k |
| 31/03/2022 | £56k | £37k |
| 31/03/2021 | £50k | £46k |
Common questions
Is LACES EDUCATIONAL financially healthy?
Per its FY2024 accounts: The charity reported a net outgoing of resources of £47,746 for the year ended March 2024, resulting in a decrease in unrestricted funds from £57,892 to £10,146. Total income was £100,847, while total expenditure reached £148,593, primarily driven by grants made of £141,523. The accounts were prepared on a going concern basis with no material uncertainties disclosed. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| ROBERT LUFF FOUNDATION LIMITED | 1 | £25k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| THE CORNERSTONE WORKS LTD | 1 | £6k |
| THE KUPAH CHARITABLE TRUST | 1 | £5k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £5k |
| PARKLAKE CHARITY TRUST | 1 | £2k |
Charities like this
- YAD VEACHISOMOCH L'CHAIM
- LACES TRUST
- OCCA House
- FAIZAN-E-MADINA MOSQUE COMMITTEE (TRUST)
- PUBLISH WHAT YOU FUND
- BNJC
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LACES EDUCATIONAL | £216k | — | 0 | unclear | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| LACES TRUST | £105k | — | 0 | unclear | — | no doubt |
| OCCA House | £1.1m | — | — | above | — | no doubt |
| FAIZAN-E-MADINA MOSQUE COMMITTEE (TRUST) | £536k | Under £60,000 | 0 | unclear | — | no doubt |
| PUBLISH WHAT YOU FUND | £781k | £80,001 - £90,000 | 1 | unclear | — | no doubt |