THE LOWRY CENTRE TRUST

Charity number: 1053962
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The encouragement of the arts and the promotion of arts education by presenting a diverse, wide-ranging programme of events, exhibitions and activities

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£25,323,643

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Donations and legacies £1.98m
Charitable activities £16.54m
Other trading activities £6.73m
Investments £74.11k
Other £0

Total expenditure:
£27,761,439

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Raising funds £6.87m
Charitable activities £20.74m
Other £150.56k

£0 investments gains (losses)

Total income includes £331,000 from 1 government contract(s) and £1,611,984 from 4 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £7.02m
Charitable expenditure £20.74m

People

321 Employee(s)

17 Trustee(s)

300 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£70k to £80k 2
£80k to £90k 3
£90k to £100k 1
£200k to £250k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Bolton
  • Bury
  • Manchester City
  • Oldham
  • Rochdale
  • Salford City
  • Stockport
  • Tameside
  • Trafford
  • Wigan

Governance

Registration history:
  • 22 March 1996: Standard registration
Organisation type:
Charitable company
Other names:
  • THE LOWRY (Working name)
Company number:
03168108 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

17 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Paul Leyland Trustee 26 September 2024
None on record
Andrew Wylie Trustee 19 May 2023
None on record
Nazir Afzal Trustee 19 May 2023
THE WOW FOUNDATION
Received: On time
PHILIP RICHARD EAST Trustee 16 March 2023
None on record
Jatin Aythora Trustee 16 March 2023
None on record
Katharine Hammond Trustee 16 March 2023
None on record
Jaiden Corfield Trustee 16 March 2023
None on record
Fiona Gibson Trustee 22 September 2022
None on record
Roli Barker Trustee 22 September 2022
None on record
Daniel Kasmir Trustee 23 June 2022
None on record
Thomas John Stannard Trustee 01 February 2021
None on record
Paul Antony Dennett Trustee 30 June 2020
None on record
BARONESS JANE MARY BONHAM-CARTER Trustee 06 June 2011
None on record
RT HON BARONESS BEVERLEY JUNE HUGHES Trustee 04 May 2011
None on record
MICHAEL BLACKBURN OBE Trustee 04 May 2011
None on record
COUNCILLOR BILL HINDS Trustee
THE GALLAGHER LUNEN TRAVELLING SCHOLARSHIP TRUST FUND
Charity reporting is overdue by 1561 days
JANE FROST Trustee
THE MARKET RESEARCH BENEVOLENT ASSOCIATION
Received: On time
HOUNSLOW'S PROMISE
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £24.27m £12.03m £18.48m £35.08m £25.32m
Total expenditure £26.01m £11.67m £20.89m £30.74m £27.76m
Income from government contracts £605.00k £331.00k £331.00k £331.00k £331.00k
Income from government grants £1.20m £8.01m £2.55m £1.93m £1.61m
Income - Donations and legacies £1.87m £8.04m £377.00k £8.26m £1.98m
Income - Other trading activities £5.84m £2.42m £4.27m £7.55m £6.73m
Income - Charitable activities £16.57m £1.57m £11.28m £17.01m £16.54m
Income - Endowments £0 £27.00k £0 £0 £0
Income - Investment £1.00k £1.00k £28 £1.07k £74.11k
Income - Other £0 £0 £2.55m £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £19.11m £6.91m £14.53m £19.26m £20.74m
Expenditure - Raising funds £6.90m £4.76m £6.37m £99.27k £6.87m
Expenditure - Governance £32.00k £32.00k £38.00k £46.00k £42.00k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £439.18k £0 £0
Expenditure - Other £0 £0 £0 £11.38m £150.56k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £49.10m £46.94m £44.27m £51.38m £8.63m
Long-term investments £0 £0 £630.41k £0 £40.88m
Other assets £7.33m £16.26m £18.14m £15.18m £16.49m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £7.29m £13.74m £16.14m £15.33m £17.21m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 30 December 2024 On Time
Accounts and TAR 31 March 2024 30 December 2024 On Time Download Open in new window
Annual return 31 March 2023 30 January 2024 On Time
Accounts and TAR 31 March 2023 30 January 2024 On Time Download Open in new window
Annual return 31 March 2022 19 January 2023 On Time
Accounts and TAR 31 March 2022 19 January 2023 On Time Download Open in new window
Annual return 31 March 2021 26 January 2022 On Time
Accounts and TAR 31 March 2021 26 January 2022 On Time Download Open in new window
Annual return 31 March 2020 31 January 2021 On Time
Accounts and TAR 31 March 2020 31 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 4 MARCH 1996 AS AMENDED BY SPECIAL RESOLUTIONS DATED 21 JULY 1997 AND 28 JUNE 2005

Charitable objects

TO PROMOTE THE ADVANCEMENT OF EDUCATION AND IN PARTICULAR BUT NOT EXCLUSIVELY TO FOSTER AND PROMOTE THE IMPROVEMENT DEVELOPMENT AND MAINTENANCE OF ARTISTIC KNOWLEDGE AND UNDERSTANDING AND APPRECIATION OF THE ARTS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

GREAT BRITAIN IN PARTICULAR SALFORD

Contact information

Address:
Lowry
Pier 8
The Quays
SALFORD
M50 3AZ
Phone:
01618762020
Email:
info@thelowry.com
Website:

www.thelowry.com Open in new window