THE LANCASHIRE FOUNDATION
The objects of the Charity are to hold the Trust Fund and its income upon trust and to apply them for all purposes which are exclusively charitable under the laws of England and Wales from time to time by the making of grants to any individual, group, organisation or institution in the UK, Bermuda and worldwide, with a focus on helping young people and the severely disadvantaged in society.
Financial health, per its FY2024 accounts
The accounts state that the Charity held unrestricted free reserves of £1,605,182 at the end of the financial year, an increase from the previous year. The trustees report a strong financial position with sufficient liquidity and no material uncertainties regarding the Charity's ability to continue as a going concern. The Charity relies heavily on discretionary donations from its Founder, Lancashire Holdings Limited, which provided the majority of its incoming resources.
What the accounts disclose
“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
“The related amount of £179,152 had not yet been paid by the Charity to Lancashire Insurance Services Limited at 31 December 2023. During 2024 the Board of Lancashire Insurance Services Limited agreed that the balance of £179,152 due from the Charity would be waived and this has been credited to the statement of financial activities during 2024.”
Structured financials (annual return, FY ending 31/12/2024)
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?
Per its FY2024 accounts: The accounts state that the Charity held unrestricted free reserves of £1,605,182 at the end of the financial year, an increase from the previous year. The trustees report a strong financial position with sufficient liquidity and no material uncertainties regarding the Charity's ability to continue as a going concern. The Charity relies heavily on discretionary donations from its Founder, Lancashire Holdings Limited, which provided the majority of its incoming resources. Its FY2024 accounts were audited by KPMG LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LOCAL TRUST | 1 | £1.1m |
| MRS WATERHOUSE CHARITABLE TRUST | 1 | £432k |
| THE WESTMINSTER FOUNDATION | 1 | £400k |
| THE INDIGO TRUST | 1 | £300k |
| THE PA FOUNDATION | 1 | £57k |
| THE PERMIRA FOUNDATION | 1 | £53k |
| THE WO STREET CHARITABLE FOUNDATION | 1 | £50k |
| CEO SLEEPOUT | 1 | £6k |
Charities like this
- LANCASHIRE CRICKET FOUNDATION LIMITED
- THE LAKE FOUNDATION CHARITABLE TRUST
- THE POINT FOUNDATION
- COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE
- HQR LONDON CHARITABLE FOUNDATION
- LANCASTER FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LANCASHIRE FOUNDATION | £956k | — | 0 | above | — | no doubt |
| LANCASHIRE CRICKET FOUNDATION LIMITED | £2.5m | — | 0 | unclear | — | no doubt |
| THE LAKE FOUNDATION CHARITABLE TRUST | £288k | — | 0 | unclear | — | no doubt |
| THE POINT FOUNDATION | £102k | — | 0 | unclear | — | no doubt |
| COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE | £4.4m | — | — | above | — | no doubt |
| HQR LONDON CHARITABLE FOUNDATION | £340k | — | 0 | unclear | — | no doubt |