LTPP
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased to £1,418,489 from £1,786,405 in the prior year, resulting in a net expenditure of £366,810. The charity reported net current liabilities of £85,480 at year-end but confirmed adequate resources to continue as a going concern due to subsequent donations from a principal donor who is also a trustee. The trustees noted that the charity depends on trustee donations for all income and holds £15,000 in reserves to cover basic operating expenses.
What the accounts disclose
“In order to cover the basic level of operating expenses, the Charity will hold £15,000 in reserves.”
“The Charity has made grants of £26,990 (2023: £492,057) to RCA, an organisation where the sister of Daniel Luhde-Thompson (A Trustee) is a Director and Shareholder. At the year end £256,424 (2023: £331,080) is included as accrued grants payable.” — page 22
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Cressida Pollockchair
- Daniel Luhde-Thompson
- Eleanor Roberta Cooper
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.1m | £3.5m |
| 31/12/2023 | £5.4m | £3.6m |
Common questions
Is LTPP financially healthy?
The accounts state that unrestricted reserves decreased to £1,418,489 from £1,786,405 in the prior year, resulting in a net expenditure of £366,810. The charity reported net current liabilities of £85,480 at year-end but confirmed adequate resources to continue as a going concern due to subsequent donations from a principal donor who is also a trustee. The trustees noted that the charity depends on trustee donations for all income and holds £15,000 in reserves to cover basic operating expenses. Its FY2024 accounts were audited by BKL Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |