THE LYTHAM SCHOOLS FOUNDATION
For the public benefit to advance education in or near Lytham St Annes including by, but not limited to, the provision of land, buildings and other facilities for the purposes of schools and the provision of means tested bursaries and other financial awards to children and young people in need of financial assistance for the purpose of assisting with the cost of their education.
Financial health, per its FY2024 accounts
The accounts state that total funds decreased from £17,557,538 to £17,297,946, driven by a net expenditure of £259,592 after investment gains. The charity holds unrestricted reserves of £15,858,528, which the trustees aim to keep sufficient to generate income for future grant-making activities. The independent auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Investment income 2 281,614 33,968 - 315,582 294,131” — page 12
“The aim is to keep sufficient reserves to generate an income sufficient to allow future charitable grant making activities.” — page 5
Register events
- Received assets from another charity (12/07/2016)
Trustees
- THE LYTHAM SCHOOLS TRUSTEE LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £316k | £749k |
| 31/12/2023 | £294k | £343k |
| 31/12/2022 | £237k | £388k |
| 31/12/2021 | £482k | £568k |
| 31/12/2020 | £347k | £519k |
Common questions
Is THE LYTHAM SCHOOLS FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that total funds decreased from £17,557,538 to £17,297,946, driven by a net expenditure of £259,592 after investment gains. The charity holds unrestricted reserves of £15,858,528, which the trustees aim to keep sufficient to generate income for future grant-making activities. The independent auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by McMillan & Co LLP.
Charities like this
- THE LATYMER FOUNDATION AT EDMONTON
- The London Foundation for Banking & Finance
- MERCHANT TAYLORS' EDUCATIONAL TRUST
- BINGLEY GRAMMAR SCHOOL FOUNDATION CIO
- LYTHAM TOWN TRUST LIMITED
- AYLESBURY GRAMMAR SCHOOL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LYTHAM SCHOOLS FOUNDATION | £316k | — | 0 | unclear | — | no doubt |
| THE LATYMER FOUNDATION AT EDMONTON | £469k | — | 0 | unclear | 21.7% | no doubt |
| The London Foundation for Banking & Finance | £587k | — | 0 | above | — | no doubt |
| MERCHANT TAYLORS' EDUCATIONAL TRUST | £336k | — | 0 | below | — | no doubt |
| BINGLEY GRAMMAR SCHOOL FOUNDATION CIO | £138k | — | 0 | unclear | — | no doubt |
| LYTHAM TOWN TRUST LIMITED | £194k | — | 0 | within | — | no doubt |