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THE CHARLES LANE TRUST

Registered charity 216080 · accounts filings on the Charity Commission register

Provision of sheltered accommodation for the deserving of the community

Causes: Accommodation/housing · Get email alerts

Latest income
£55k
Latest spending
£72k
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £15,967 for the year ended 31 December 2024, driven by resources expended exceeding incoming resources. However, the charity's total funds increased to £746,329 due to significant investment gains, and the trustees confirmed the financial statements were prepared on a going concern basis with no material uncertainties.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Residents' contributions (69% of income)
“Residents’ contributions 37,990” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: sufficient to ensure the continued operation of the charity’s activities (held: £264k)
“it is the policy of the trustees to maintain a level of reserves sufficient to ensure the continued operation of the charity’s activities.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Birmingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£55k£72k
31/12/2023£52k£93k
31/12/2022£52k£58k
31/12/2021£50k£59k
31/12/2020£47k£123k

Common questions

Is THE CHARLES LANE TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £15,967 for the year ended 31 December 2024, driven by resources expended exceeding incoming resources. However, the charity's total funds increased to £746,329 due to significant investment gains, and the trustees confirmed the financial statements were prepared on a going concern basis with no material uncertainties. Its FY2024 accounts were independently examined.