LSEG Foundation
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £359,786 for the year, resulting in a decrease in total funds from £5.3 million to £4.95 million. Per the trustees' report, unrestricted free reserves stood at £4,945,598, which is significantly above the stated policy target of £55,000 to £60,000. The charity relies entirely on donations from group entities and has no fundraising costs.
What the accounts disclose
“It is the policy of the Charity to hold reserves (unrestricted funds less funds designated for particular purposes and tied up in fixed assets) at a level representing 12 months' support costs. This equates to a range of between £55,000 and £60,000.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Erica Bournechair
- Abha Thorat-Shah
- Corentine Poilvet-Clediere
- James Pearson
- Jane Goodland
- John Thomas Jones
- Lisa Condron
- Prabhaharan Viswanathan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.3m | £4.7m |
| 31/12/2023 | £9.1m | £4.4m |
| 31/12/2022 | £3.9m | £3.2m |
| 31/12/2021 | £142k | £104k |
| 31/12/2020 | £1.1m | £1.1m |
Common questions
Is LSEG Foundation financially healthy?
The accounts state that the charity reported a net expenditure of £359,786 for the year, resulting in a decrease in total funds from £5.3 million to £4.95 million. Per the trustees' report, unrestricted free reserves stood at £4,945,598, which is significantly above the stated policy target of £55,000 to £60,000. The charity relies entirely on donations from group entities and has no fundraising costs. Its FY2024 accounts were audited by Peters Elworthy & Moore.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MILLS AND REEVE CHARITABLE TRUST | 2 | £4k |
| THE A B CHARITABLE TRUST | 1 | £300k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £100k |
| RNH SYNAGOGUE & COLLEGE LTD | 1 | £75k |
| THE BARROW CADBURY TRUST | 1 | £60k |