The LTC’s operations include the running of independent schools, the support and care of those in the licensed trade, fundraising and investments.

The assets of the LTC are split between the operating assets of its schools and investment assets.

Income is derived from school fees, fundraising and investment income. Expenditure is on the running of the schools, governance and grants and bursaries awarded to beneficiaries in the licensed trade.  Grants and bursaries are means tested.  The Charity has capital expenditure to keep its estates and educational provision up to current standards.

The Charity’s rules allow the Trustees wide investment powers but investment policy is for investment in low to medium risk assets. The Charity’s reserve policy is to hold free reserves equal to one year’s operation costs.

The Charity’s accounts are subject to independent audit and are vetted by the Charity Commission.  They are available to the public via the Charity commission or on request.