FRIENDS OF LAMBETH PALACE LIBRARY
Promotes the interests of Lambeth Palace Library by helping in the acquisition of books and manuscripts and in any other suitable way.
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
“Donations and legacies in 2024 were £71,436 an increase of £14,807 on the £56,629 received in 2023.”
“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
Trustees
- Dr MARK STUART BYFORD MA, DPHIL
- Karen Ann Brookfield
- RICHARD LINENTHAL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROTHSCHILD FOUNDATION | 2 | £200k |
| THE T. S. ELIOT FOUNDATION | 2 | £50k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 2 | £35k |
| THE MCCORQUODALE CHARITABLE TRUST | 2 | £10k |
| THE MASTER CHARITABLE TRUST | 1 | £259k |
| THE CLORE DUFFIELD FOUNDATION | 1 | £232k |
| THE SANDERSON FOUNDATION | 1 | £210k |
| THE DRUE HEINZ CHARITABLE TRUST | 1 | £200k |
Charities like this
- Friends of the Nations' Libraries
- THE FRIENDS OF EXETER CATHEDRAL
- THE FRIENDS OF THE CITY CHURCHES
- THE FRIENDS OF THE BRITISH LIBRARY
- SOCIETY OF FRIENDS OF WESTMINSTER CATHEDRAL
- FRIENDS OF LEDBURY PARISH CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FRIENDS OF LAMBETH PALACE LIBRARY | £131k | — | 0 | above | — | no doubt |
| Friends of the Nations' Libraries | £458k | — | 0 | unclear | — | no doubt |
| THE FRIENDS OF EXETER CATHEDRAL | £392k | — | 0 | above | — | no doubt |
| THE FRIENDS OF THE CITY CHURCHES | £121k | — | 0 | unclear | — | no doubt |
| THE FRIENDS OF THE BRITISH LIBRARY | £1.6m | — | 0 | unclear | — | no doubt |
| SOCIETY OF FRIENDS OF WESTMINSTER CATHEDRAL | £202k | — | 0 | above | — | no doubt |