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LIFE GENERATION LIMITED

Registered charity 1136612 · accounts filings on the Charity Commission register · also known as LIFE Lebanon

Latest income
£900k
Latest spending
£925k
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £24,527 for the year, resulting in a decrease in free reserves from £1,127,541 to £1,009,061. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with unrestricted reserves significantly exceeding the stated policy target of £200,000.

What the accounts disclose

Reserves policy: 12 months running costs... amounts to £200,000 (held: £1.0m)
“It is the policy of the charity to keep 12 months running costs to cover salaries and any other operational costs in case the charity is wound up. This amounts to £200,000.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees
“During the year LIFE Generation Limited received donations of £173 (2023: £11,989) from Selim Feghali and Youssef Dib.” — page 26
“9 trustees of LIFE Generation Limited paid £20,573 (2023: 5 paid £16,504) in total for membership fees and donations to the parent company, Lebanese International Finance Executives.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee payments to parent company
“During the year LIFE Generation Limited received donations of £173 (2023: £11,989) from Selim Feghali and Youssef Dib.” — page 26
“9 trustees of LIFE Generation Limited paid £20,573 (2023: 5 paid £16,504) in total for membership fees and donations to the parent company, Lebanese International Finance Executives.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HW Fisher Audit.

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

Total income
£900k
Total spending
£925k
Cost of raising funds
£17k
Reserves (reported)
£1.0m
Employees
0

Reported reserves equal ~13.1 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees

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

Operates in: City Of Westminster · France · Lebanon · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£900k£925k
31/12/2023£1.6m£1.0m
31/12/2022£840k£1.1m
31/12/2021£1.3m£6.2m
31/12/2020£7.2m£2.4m

Common questions

Is LIFE GENERATION LIMITED financially healthy?

The accounts state that the charity reported a net expenditure of £24,527 for the year, resulting in a decrease in free reserves from £1,127,541 to £1,009,061. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with unrestricted reserves significantly exceeding the stated policy target of £200,000. Its FY2024 accounts were audited by HW Fisher Audit.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE GENERATIONAL FOUNDATION1£500k
STARLOW CHARITIES LIMITED1£106k
LONDON CATALYST1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE GENERATIONS FOUNDATION.