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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

The main purpose of the Charity is to apply income from the charity, for, but not limited to, advancement of education, helping change young lives, promotion of the arts and the prevention of poverty and malnutrition

Causes: General Charitable Purposes · Grant history (this charity is a funder) · Get email alerts

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations and legacies (84% of income)
“Income from donations was £9,747,747” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
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. Discloses 3 of 6 completeness components.

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).

Per its annual return, largest income source: Donations and legacies (84% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

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?

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. 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

Charities like this

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

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
The Lakshmi N Mittal Family Foundation£11.6m—0unclear—no doubt
THE RUMI FOUNDATION FY2025£8.0m—0above—no doubt
Coller Family Foundation FY2025£230k—0below—no doubt
THE SIR JOHN RITBLAT FAMILY FOUNDATION FY2025£267k—0above—no doubt
THE MILLBY FOUNDATION FY2024£1.4m—0unclear—no doubt
THE MATLIWALA FAMILY CHARITABLE TRUST FY2025£1.4m—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.