LACES TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net surplus of £13,083 for the year ended 5 April 2023, bringing the accumulated unrestricted surplus to £817,969. The trustees confirmed that the charity has sufficient donor commitments to continue activities for the foreseeable future, adopting the going concern basis. No minimum reserves policy is stated, and all funds are unrestricted.
What the accounts disclose
“The Trustees do not consider that any minimum level of resources is required.” — page 4
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £105k | £81k |
| 05/04/2024 | £62k | £51k |
| 05/04/2023 | £106k | £93k |
| 05/04/2022 | £65k | £61k |
| 05/04/2021 | £51k | £65k |
Common questions
Is LACES TRUST financially healthy?
The accounts state that the charity reported a net surplus of £13,083 for the year ended 5 April 2023, bringing the accumulated unrestricted surplus to £817,969. The trustees confirmed that the charity has sufficient donor commitments to continue activities for the foreseeable future, adopting the going concern basis. No minimum reserves policy is stated, and all funds are unrestricted. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE A. H. TRUST | 1 | £60k |
| REMODIFYZ TRUST | 1 | £25k |