The Folkestone Leas Lift Company CIO

Analysis

The Folkestone Leas Lift Company CIO is a registered charity in England and Wales, based in Kent. It was registered in January 2022, 4 years ago. Its declared purposes cover arts/culture/heritage/science, which this site groups under arts, culture, heritage and science. Legally it is a charitable incorporated organisation (CIO). It says it provides buildings/facilities/open space and provides advocacy/advice/information.

In the financial year ending January 2025, The Folkestone Leas Lift Company CIO reported income of £534k and spending of £133k, leaving 75% of income unspent that year. Across the 3 years on record, from January 2023 to January 2025, income grew from £316k to £534k (+69%), an average of +30% a year. The sharpest change came in the year to January 2024, when income rose by 99%. Over the whole period it spent 17% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, The Folkestone Leas Lift Company CIO sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in England and Wales with reported income it ranks in the 90th percentile. Charities of a similar size with the same main cause include Broughton Community and Sports Association (£532k), The Spark Arts for Children (£534k) and Adec (Arts Development in East Cambridgeshire) (£532k).

In its latest detailed accounts, income came from donations and legacies 91% and investments 1.4%. Charitable activities took 99% of spending and raising funds 0.0%. Reserves of £240k would cover about 21 months of spending at that rate. It employed 3 people.