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The Lakshmi N Mittal Family Foundation

Registered charity 1146604 · accounts filings on the Charity Commission register · also known as THE MITTAL FOUNDATION

Latest income
£11.6m
Latest spending
£9.3m
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £7,943,898, which represents a net movement in funds of £2,289,722 for the year. The trustees confirm that they are willing to provide funds as necessary to ensure the charity meets its obligations, and the independent auditor reported no material uncertainties regarding the going concern basis of accounting.

What the accounts disclose

Related-party transaction: All of the Charity's income from donations during the year was received from the Trustees and their close family members.
“All of the Charity's income from donations during the year was received from the Trustees and their close family members.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Blick Rothenberg Audit LLP.

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

Total income
£11.6m
Total spending
£9.3m
Reserves (reported)
£7.9m
Employees
0

Reported reserves equal ~10.3 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: India · Throughout London · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£11.6m£9.3m
31/12/2023£11.8m£6.7m
31/12/2022£16.9m£17.0m
31/12/2021£113k£385k
31/12/2020£169k£1.1m

Common questions

Is The Lakshmi N Mittal Family Foundation financially healthy?

The accounts state that the charity holds unrestricted reserves of £7,943,898, which represents a net movement in funds of £2,289,722 for the year. The trustees confirm that they are willing to provide funds as necessary to ensure the charity meets its obligations, and the independent auditor reported no material uncertainties regarding the going concern basis of accounting. Its FY2024 accounts were audited by Blick Rothenberg Audit LLP.

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
JEREMY COLLER FOUNDATION1£230k

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