LHASA LIMITED
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £25,853,000, which is £1,233,000 above the maximum the Board of Directors would normally expect to hold, indicating a strong financial position. The charity reported a net surplus of £2,152,000 for the year ended 31 December 2024, with total income increasing to £20,635,000. The trustees confirmed that the charity will continue to operate for at least 12 months following the signing of the audit report.
What the accounts disclose
“Lhasa Limited charged the following costs to Consult Lhasa Limited: Software and Royalty Fees £101,716, Staff and Facilities recharges £50,433 and Loan Interest £10,691. The balance outstanding to Lhasa Limited at 31 December 2024 for invoiced transactions was £86,866.” — page 50
“During 2023 Lhasa Limited established a trading subsidiary, Consult Lhasa Limited, a company registered in England and Wales. The trading subsidiary was established to provide expert risk assessments for chemical safety that are recognised and trusted by industry and regulatory authorities. Lhasa Limited owns all the issued share capital of Consult Lhasa Limited.” — page 9
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Corporate structure
- Registered company of the charity Companies House 01765239
- Trading subsidiary: CONSULT LHASA LIMITED Companies House 14707253
Leadership, per the charity’s website
- Dr Chris Barber — Chief Executive Officer
- Dr Crina Heghes — Director of Applied Sciences
- Dr Adrian Fowkes — Director of Science
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Steve Gutsellchair
- David John Rawson
- Dr Anusha Panjwani
- Marcus Lee Mills
- Stephen Marsland
- Tanja Carol Lichtensteiger
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £20.6m | £19.3m |
| 31/12/2023 | £18.7m | £16.2m |
| 31/12/2022 | £17.0m | £14.3m |
| 31/12/2021 | £15.7m | £13.9m |
| 31/12/2020 | £14.0m | £10.4m |
Common questions
Is LHASA LIMITED financially healthy?
The accounts state that unrestricted reserves stood at £25,853,000, which is £1,233,000 above the maximum the Board of Directors would normally expect to hold, indicating a strong financial position. The charity reported a net surplus of £2,152,000 for the year ended 31 December 2024, with total income increasing to £20,635,000. The trustees confirmed that the charity will continue to operate for at least 12 months following the signing of the audit report. Its FY2024 accounts were audited by Forvis Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TOIREM | 1 | £12k |
| SABENO LIMITED | 1 | £10k |