S P LOHIA FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that unrestricted funds totaled £272,050 at year-end, which the Trustees consider sufficient to maintain operations for three to six months of expenditure. The foundation reported net income of £272,050 for the year, with total donations of £505,000 and charitable expenditure of £232,950. The Trustees confirmed adequate resources for the foreseeable future and noted no material uncertainties regarding going concern.
What the accounts disclose
“It is the policy of the foundation that unrestricted funds which have not been designated for a s pecific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 5
Funders the charity credits
- The Children’s Trust
- Icahn School of Medicine at Mount Sinai Hospital
- UNHCR
- Indorama
- Kochi-Muziris Biennale
- Displacement Film Fund
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Sri Prakash Lohiachair
- Aarti Lohia
- Amit Lohia
- Gaurav Kalyani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.5m | £1.7m |
| 31/12/2023 | £2.1m | £2.0m |
| 31/12/2022 | £505k | £233k |
Common questions
Is S P LOHIA FOUNDATION financially healthy?
The accounts state that unrestricted funds totaled £272,050 at year-end, which the Trustees consider sufficient to maintain operations for three to six months of expenditure. The foundation reported net income of £272,050 for the year, with total donations of £505,000 and charitable expenditure of £232,950. The Trustees confirmed adequate resources for the foreseeable future and noted no material uncertainties regarding going concern. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ADDERSTONE FOUNDATION | 1 | £1.2m |
| JEREMY ALEXANDER SETTLEMENT | 1 | £119k |
| THE DAVID AND CLAUDIA HARDING FOUNDATION | 1 | £100k |
| THE PUBLIC INTEREST FOUNDATION | 1 | £5k |