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FRIENDS OF LAMBETH PALACE LIBRARY

Registered charity 313023 · accounts filings on the Charity Commission register

Latest income
£131k
Latest spending
£52k
Registered
1962
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that net assets increased to £1,564,115, comprising an Endowment Fund of £913,357 and an expendable Operating Fund of £650,758. Per the trustees' report, the charity recorded a surplus before investment gains of £79,543 and maintains a healthy cash position of £243,935. The trustees consider there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: Capital is retained as free reserves, represented by investments, in order to give rise to a reasonably predictable and regular level of income which the Trustees regard as necessary to maintain and support the Charity’s operations. (held: £651k)
“The Trustees have a balanced investment policy. Capital is retained as free reserves, represented by investments, in order to give rise to a reasonably predictable and regular level of income which the Trustees regard as necessary to maintain and support the Charity’s operations.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Lambeth

Income and spending

Financial year endIncomeSpending
31/12/2024£131k£52k
31/12/2023£114k£46k
31/12/2022£90k£137k
31/12/2021£87k£44k
31/12/2020£56k£37k

Common questions

Is FRIENDS OF LAMBETH PALACE LIBRARY financially healthy?

The accounts state that net assets increased to £1,564,115, comprising an Endowment Fund of £913,357 and an expendable Operating Fund of £650,758. Per the trustees' report, the charity recorded a surplus before investment gains of £79,543 and maintains a healthy cash position of £243,935. The trustees consider there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE CHRISTOPHER AND HENRY OLDFIELD TRUST1£35k
THE STEVENSON FAMILY'S CHARITABLE TRUST1£25k
THE GRANT FOUNDATION1£20k
N SETHIA FOUNDATION1£12k
SCOULOUDI FOUNDATION1£11k
Stolkin Foundation1£11k
THE T. S. ELIOT FOUNDATION1£10k
THE MCCORQUODALE CHARITABLE TRUST1£5k

Charities like this

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