Lords Work Trust
Latest income
£9.9m
Latest spending
£10.8m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £1,003,170 for the year ended 31 March 2025, resulting in a decrease in total funds to £3,466,002. The trustees confirm the charity remains a going concern with adequate resources for at least 12 months, supported by unrestricted funds of £2,858,146. The charity's reserves policy targets £250,000 in free reserves, which is equivalent to approximately 12 months of office expenditure.
What the accounts disclose
Related-party transaction: Subsidiary grant
“In addition, the charity provided grants to its subsidiary undertaking of £133,511 (2024: £88,525).” — page 36
Per FY2025 accounts as filed with OSCR.