Latate Limited

Analysis

Latate Limited is a registered charity in England and Wales, based in Gateshead. It was registered in March 2002, 24 years ago. Its declared purposes cover general charitable purposes, education/training, the prevention or relief of poverty and religious activities, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 04328611). It says it makes grants to individuals and makes grants to organisations.

In the financial year ending March 2025, Latate Limited reported income of £1.3m and spending of £1.5m, spending 114% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £1.2m to £1.3m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to March 2024, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Latate Limited sits at the 94th percentile: it is larger than about 94% of them. Against every charity in England and Wales with reported income it ranks in the 95th percentile. Charities of a similar size with the same main cause include Build It International (£1.3m), Derby City Mission Limited (£1.3m) and Kingsland Church Colchester (£1.3m).

In its latest detailed accounts, income came from investments 96% and donations and legacies 3.9%. Charitable activities took 63% of spending and raising funds 35%. Grants to other organisations totalled £920k. Reserves of £10.7m would cover about 86 months of spending at that rate.