LS-TEN LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £230,611 for the year ended 31 December 2024, resulting in an increase in total unrestricted and restricted funds to £440,483. The trustees confirm that the charity has sufficient resources to continue operating and meet its ongoing liabilities, with no material uncertainties identified regarding going concern. The organization is in the process of developing a formal reserves policy, having previously satisfied itself that it is sufficiently resourced for the foreseeable future.
What the accounts disclose
“During the year, the company received income of £720 (2023: £nil) from Leeds Mencap, a related charity by virtue of a common trustee.” — page 25
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Angus Martinchair
- Ashley Jacobs
- Clare Nicola Jarvis
- David Mitchell
- David Smith
- Edward Carlisle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.2m |
| 31/12/2023 | £993k | £1.1m |
| 31/12/2022 | £978k | £917k |
| 31/12/2021 | £877k | £670k |
| 31/12/2020 | £475k | £425k |
Common questions
Is LS-TEN LIMITED financially healthy?
The accounts state that the charity generated a net income of £230,611 for the year ended 31 December 2024, resulting in an increase in total unrestricted and restricted funds to £440,483. The trustees confirm that the charity has sufficient resources to continue operating and meet its ongoing liabilities, with no material uncertainties identified regarding going concern. The organization is in the process of developing a formal reserves policy, having previously satisfied itself that it is sufficiently resourced for the foreseeable future. Its FY2024 accounts were audited by Saffery LLP.