THE LACE GUILD CIO
Latest income
£400k
Latest spending
£164k
Registered
2021
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net profit of £42,751 for the year ended 31 December 2024, with total income of £205,931 against total expenditure of £163,180. The trustees confirm that unrestricted resources are sufficient to meet outgoings for the foreseeable future, and there are no funds materially in deficit.
What the accounts disclose
Reserves policy: approximately six months of unrestricted charitable expenditure (held: £330k)
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of unrestricted charitable expenditure.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (24/07/2023)
Trustees
- Alison Jane Hopper-Bishop
- Amanda Jane Binns
- Jetem Bryan Obaji
- Lisa Jane Samantha Foulon
- Margaret Patricia Templey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £400k | £164k |
| 31/12/2024 | £206k | £163k |
| 31/12/2023 | £324k | £165k |
| 31/12/2022 | £219k | £142k |
Common questions
Is THE LACE GUILD CIO financially healthy?
The accounts state that the charity generated a net profit of £42,751 for the year ended 31 December 2024, with total income of £205,931 against total expenditure of £163,180. The trustees confirm that unrestricted resources are sufficient to meet outgoings for the foreseeable future, and there are no funds materially in deficit. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 21/07/2004 | £50k | "Layers of Lace - Providing Access To The Lace Guild Collection" |
| The National Lottery Heritage Fund | 20/02/2003 | £850 | "A Project To Hold An Exhibition To Raise Awareness Of The Heritage Craft Of Lace Making To Students And The General Public Of The West Midla" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MRS WATERHOUSE CHARITABLE TRUST | 1 | £410k |
| The Goldsmiths' Foundation | 1 | £50k |
| THE GOLDSMITHS CENTRE | 1 | £39k |
| THE PETER KERSHAW TRUST | 1 | £2k |