LINGATE CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds decreased from £2,061,009 to £1,901,623 due to a net expenditure of £159,387 against total income of £107,674. The charity holds significant investment property valued at £1,329,312 and maintains a positive net current asset position of £572,311. The trustees confirm adequate resources for the foreseeable future, indicating no immediate financial distress.
What the accounts disclose
“The charity aims to retain sufficient reserves to meet its operating commitments.” — page 4
“The S and Y Charitable Trust debit balance of £479,913 (2023: £453,035 debit) Bedetex Ltd credit balance of £18,202 (2023: £17,584 crebit)” — page 15
“The S and Y Charitable Trust debit balance of £479,913 (2023: £453,035 debit) Bedetex Ltd credit balance of £18,202 (2023: £17,584 crebit)” — page 15
“The S and Y Charitable Trust debit balance of £479,913 (2023: £453,035 debit) Bedetex Ltd credit balance of £18,202 (2023: £17,584 crebit)” — page 15
“The S and Y Charitable Trust debit balance of £479,913 (2023: £453,035 debit) Bedetex Ltd credit balance of £18,202 (2023: £17,584 crebit)” — page 15
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £122k | £160k |
| 31/03/2024 | £108k | £267k |
| 31/03/2023 | £128k | £90k |
| 31/03/2022 | £123k | £208k |
| 31/03/2021 | £246k | £189k |
Common questions
Is LINGATE CHARITABLE TRUST financially healthy?
The accounts state that total unrestricted funds decreased from £2,061,009 to £1,901,623 due to a net expenditure of £159,387 against total income of £107,674. The charity holds significant investment property valued at £1,329,312 and maintains a positive net current asset position of £572,311. The trustees confirm adequate resources for the foreseeable future, indicating no immediate financial distress. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GILMOOR BENEVOLENT FUND LIMITED | 2 | £1.5m |
| NASOD CHARITABLE TRUST | 2 | £600k |
| AMABRILL LTD | 1 | £636k |
| KOLLEL AND CO LIMITED | 1 | £500k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £229k |
| COUNTYPIER LIMITED | 1 | £129k |
| SF FOUNDATION | 1 | £29k |
| SABENO LIMITED | 1 | £27k |