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PETER LATHOM (INCLUDING THE LATHOM EDUCATIONAL FOUNDATION)

Registered charity 228828 · accounts filings on the Charity Commission register · also known as PETER LATHOM (EXCLUDING THE LATHOM EDUCATIONAL FOUNDATION)

The key objectives of the charity are to provide financial assistance for the education and training of persons under the age of 25 years resident within the districts forming the area of benefit of the charity, and in the application of income for the relief of persons in need, hardship or distress similarly resident within the said districts - qualifying.

Objects

(A) ONE TWENTIETH OF INCOME TO BE APPLIED IN RELIEVING PERSONS RESIDENT IN ANY OF THE DISTRICTS FORMING THE AREA OF BENEFIT WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS. (B) RESIDUE OF INCOME TO BE PAID OVER IN SUCH PROPORTIONS AS THE CENTRAL TRUSTEES THINK FIT TO EACH OF THE BODIES OF LOCAL TRUSTEES FOR APPLICATION BY THEM IN RELIEVING PERSONS RESIDENT IN THE RESPECTIVE DISTRICTS OF THE LOCAL TRUSTEES WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS.

Area of benefit: DISTRICTS OF CHORLEY AND WEST LANCASHIRE

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Prevention Or Relief Of Poverty · Get email alerts

Latest income
£57k
Latest spending
£82k
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's net outgoing resources on restricted income funds were £340, while the endowed funds showed a net increase of £58,840. Total net assets increased to £2,104,918, with unrestricted reserves (restricted income funds) standing at £65,822. The trustees note that reserves generally represent net income due for distribution in the following year.

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

What the accounts disclose

Reserves policy: spend all net income from previous year (held: £66k)
“The charity endeavours to spend all of its net income from the previous year on its objects, therefore the reserves at any year end generally represent the net income due for distribution in the following year.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

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

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

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

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/12/2025£57k£82k
31/12/2024£60k£67k
31/12/2023£59k£67k
31/12/2022£57k£60k
31/12/2021£56k£64k

Common questions

Is PETER LATHOM (INCLUDING THE LATHOM EDUCATIONAL FOUNDATION) financially healthy?

Per its FY2024 accounts: The accounts state that the charity's net outgoing resources on restricted income funds were £340, while the endowed funds showed a net increase of £58,840. Total net assets increased to £2,104,918, with unrestricted reserves (restricted income funds) standing at £65,822. The trustees note that reserves generally represent net income due for distribution in the following year. Its FY2024 accounts were independently examined.