More than a quarter of the LGB Alliance’s expenditure went on legal costs, according to the organisation’s first published set of accounts since becoming a charity.
The accounts for the year ended 30 November 2021 show the charity’s income dipped to £118,228, slightly down from £120,156 the year prior.
Meanwhile, the charity’s expenditure increased to £126,504, compared to £85,783 the year prior, according to the documents published via Companies House.
Legal costs and donations
Legal costs in 2020-21 were £34,903 compared to £42,066 in 2019-20.
Donations and gifts in 2020-21 were £92,746, down from £116,647 in 2019-20.
The charity recorded a net deficit on unrestricted funds of more than £8,000 compared to a surplus of more than £34,000 in 2019-20. It has an unrestricted reserve surplus of more than £26,000.
It brought in £21,728 on ticket sales for conferences. Conference expenses were £45,385. The most recent accounts show £29,931 was spent on advertising related work.
Trustees pleased with financial performance
The accounts read: “Given the charitable company has only been established for a short period of time, the trustees are pleased with how the charitable company has been performing financially and are keen to see its reserves grow.”
For a time, trustees included Kate Harris, Ann Sinnott, Malcolm Clark, Bev Jackson, Robert Wintemute, Lord Young of Norwood Green, Kathleen Stock, Conrad Roeber and chair Eileen Gallagher.
The accounts show that Sinnott, Clark and Stock have since resigned as trustees and directors.
In April 2021, the Charity Commission registered the LGB Alliance as a charity but noted that its language in the past had been “inflammatory”.
Its charitable status is being challenged by transgender support charity Mermaids.
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