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DOROTHY, EMMA & SPIRO LATSIS BENEVOLENT TRUST

Registered charity 1149412 · accounts filings on the Charity Commission register · also known as DOROTHY & SPIRO LATSIS BENEVOLENT TRUST

Latest income
£2.5m
Latest spending
£20k
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported negative unrestricted reserves of £2,419,654 as of 31 July 2024, primarily due to a large grant commitment to Boston Children's Hospital. Despite this deficit, the trustees maintain a going concern basis, citing verbal guarantees for overheads and expected future donations to meet grant obligations. The auditor confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The trust has negative reserves of £2,419,654 due to the grant commitment to Boston Children's Hospital ($9.9m over 3 years).” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“After making appropriate enquiries, the Directors have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. The trustees note that there will be further donations received to meet the commitments the trust has made to Boston Children's Hospital as they fall due. For this reason, they continue to adopt the going concern basis in preparing the financial statements.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The trust received donations of £2,694,816 (2023: £2,737,303) from Directors. There were no other related party transactions in the year that require disclosure.
“The trust received donations of £2,694,816 (2023: £2,737,303) from Directors. There were no other related party transactions in the year that require disclosure.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£2.5m
Total spending
£20k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: City Of London · United States

Income and spending

Financial year endIncomeSpending
31/07/2025£2.5m£20k
31/07/2024£2.7m£30k
31/07/2023£2.7m£8.6m
31/07/2022£43k£46k
31/07/2021£1.2m£1.2m

Common questions

Is DOROTHY, EMMA & SPIRO LATSIS BENEVOLENT TRUST financially healthy?

The accounts state that the charity reported negative unrestricted reserves of £2,419,654 as of 31 July 2024, primarily due to a large grant commitment to Boston Children's Hospital. Despite this deficit, the trustees maintain a going concern basis, citing verbal guarantees for overheads and expected future donations to meet grant obligations. The auditor confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by HaysMac 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
C S KAUFMAN CHARITABLE TRUST1£71k
MOSDOS HATORAH PNEI MENACHEM LTD1£40k
CANTIACORUM FOUNDATION1£1k

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Semantically similar by activities and financial character, from our analysed corpus. Compare with TOM AND SHEILA SPRINGER CHARITY.