THE LANCASHIRE FOUNDATION
Latest income
£956k
Latest spending
£726k
Registered
2012
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the Charity held net assets of £1,284,084 at year-end, a reduction from £1,586,526 in the previous year, driven by charitable expenditures exceeding incoming resources. The trustees confirm the Charity has adequate reserves to continue operations for at least 12 months, citing a strong balance sheet and approved future funding from the Founder.
What the accounts disclose
Reserves policy: sufficient reserves are held (held: £1.3m)
“The trustees have assessed the availability of resources to provide ongoing support to the majority of the charitable organisations currently supported based on the level of funds held, anticipated investment income and future donations from the Founder and are satisfied that sufficient reserves are held.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donation from Founder
“During the year the Charity received a donation from Lancashire Holdings Limited of £204,408 (2022: £184,348) and investment income of £73,932 (2022: £18,925) from the Charity’s holding of shares in Lancashire Holdings Limited.” — page 22
“The related amounts have not yet been paid by the Charity and £179,152 was due to Lancashire Insurance Services Limited at 31 December 2023”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payable to LISL
“During the year the Charity received a donation from Lancashire Holdings Limited of £204,408 (2022: £184,348) and investment income of £73,932 (2022: £18,925) from the Charity’s holding of shares in Lancashire Holdings Limited.” — page 22
“The related amounts have not yet been paid by the Charity and £179,152 was due to Lancashire Insurance Services Limited at 31 December 2023”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Malawi Community Hubs
“During the year the Charity received a donation from Lancashire Holdings Limited of £204,408 (2022: £184,348) and investment income of £73,932 (2022: £18,925) from the Charity’s holding of shares in Lancashire Holdings Limited.” — page 22
“The related amounts have not yet been paid by the Charity and £179,152 was due to Lancashire Insurance Services Limited at 31 December 2023”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Grant to WeSeeHope
“During the year the Charity received a donation from Lancashire Holdings Limited of £204,408 (2022: £184,348) and investment income of £73,932 (2022: £18,925) from the Charity’s holding of shares in Lancashire Holdings Limited.” — page 22
“The related amounts have not yet been paid by the Charity and £179,152 was due to Lancashire Insurance Services Limited at 31 December 2023”
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£956k
Total spending
£726k
Reserves (reported)
£1.6m
Employees
0
Trustees
- Louise Margaret Wellschair
- Derek Stapley
- Emma Grimes
- Kate Parker
- Robert William Kennedy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £956k | £726k |
| 31/12/2023 | £287k | £602k |
| 31/12/2022 | £203k | £503k |
| 31/12/2021 | £197k | £550k |
| 31/12/2020 | £625k | £571k |
Common questions
Is THE LANCASHIRE FOUNDATION financially healthy?
The accounts state that the Charity held net assets of £1,284,084 at year-end, a reduction from £1,586,526 in the previous year, driven by charitable expenditures exceeding incoming resources. The trustees confirm the Charity has adequate reserves to continue operations for at least 12 months, citing a strong balance sheet and approved future funding from the Founder. Its FY2023 accounts were audited by KPMG LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MRS WATERHOUSE CHARITABLE TRUST | 1 | £410k |
| THE WESTMINSTER FOUNDATION | 1 | £200k |
| THE EVAN CORNISH FOUNDATION | 1 | £200k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE HAPPY BABY COMMUNITY | 1 | £52k |
| THE LEGAL EDUCATION FOUNDATION | 1 | £10k |
| The Cranswick Charitable Trust | 1 | £4k |
| THE PETER KERSHAW TRUST | 1 | £2k |