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B LAB (UK)

Registered charity 1164694 · accounts filings on the Charity Commission register

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Latest income
£9.9m
Latest spending
£8.7m
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that B Lab (UK) reported a surplus of £1,202,861 for the year ended 31 December 2024, with unrestricted funds totaling £2,506,455. The trustees consider these reserves, along with deferred income, sufficient to provide reasonable financial flexibility and stability for the organization.

What the accounts disclose

Reserves policy: between 3 and 5 months of operational costs (held: £2.4m)
“the Trustees aimed to maintain unrestricted, free reserves which represent between 3 and 5 months of operational costs in 2022.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Louise Harman is a partner in Bates Wells LLP, which provided legal services.
“Louise Harman, trustee, is a partner in the firm Bates Wells LLP, who provided legal advice for B Lab (UK) for £14,056 (2023: £nil). This work was carried out by a different team and supervised by a different partner.” — page 32
“5 trustees are employed by companies that pay the normal membership fee to be part of the certification scheme (2023: 5)” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees employed by companies paying membership fees.
“Louise Harman, trustee, is a partner in the firm Bates Wells LLP, who provided legal advice for B Lab (UK) for £14,056 (2023: £nil). This work was carried out by a different team and supervised by a different partner.” — page 32
“5 trustees are employed by companies that pay the normal membership fee to be part of the certification scheme (2023: 5)” — page 32
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.

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

Total income
£9.9m
Total spending
£8.7m
Reserves (reported)
£2.5m
Employees
39

Reported reserves equal ~3.4 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£9.9m£8.7m
31/12/2023£6.5m£5.3m
31/12/2022£3.4m£3.7m
31/12/2021£1.6m£1.8m
31/12/2020£1.2m£1.0m

Common questions

Is B LAB (UK) financially healthy?

The accounts state that B Lab (UK) reported a surplus of £1,202,861 for the year ended 31 December 2024, with unrestricted funds totaling £2,506,455. The trustees consider these reserves, along with deferred income, sufficient to provide reasonable financial flexibility and stability for the organization. Its FY2024 accounts were audited by Moore Kingston Smith LLP.