LUV PRESTON
Working with those who find themselves disconnected and disadvantaged in the Preston area.This include projects run for young people and children as well as work with the homeless and those on the fringes of society
Financial health, per its FY2024 accounts
The accounts state that the charity operated at a deficit of £4,417 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves to £12,160. The trustees note that reserves are decreasing and will need to be addressed if income does not increase, while confirming that the charity is considering future activities to ensure viability. The independent examiner confirmed that no material matters were identified during the examination of the accounts.
What the accounts disclose
“It is noted that we nearly spent the same amount as we received.” — page 4
“The trustees continue to review costs carefully and are also considering the future activities and operations to ensure it remains viable” — page 4
Trustees
- Dr ALEXANDER BLACKWOOD PHILLIPS
- LYDIA PORTER
- Susan McVicar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £28k | £33k |
| 31/12/2023 | £28k | £51k |
| 31/12/2022 | £62k | £48k |
| 31/12/2021 | £42k | £42k |
| 31/12/2020 | £47k | £33k |
Common questions
Is LUV PRESTON financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated at a deficit of £4,417 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves to £12,160. The trustees note that reserves are decreasing and will need to be addressed if income does not increase, while confirming that the charity is considering future activities to ensure viability. The independent examiner confirmed that no material matters were identified during the examination of the accounts. Its FY2024 accounts were independently examined.
Who funds LUV PRESTON?
Funders whose own accounts filings name LUV PRESTON as a grant recipient include NORMAN WHITELEY TRUST, YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NORMAN WHITELEY TRUST | FY2022 | £3k | |
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | FY2025 | £3k | |
| NORMAN WHITELEY TRUST | FY2023 | £2k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 14/06/2012 | £10k | Luv Preston Youth Bus |