LLOYD'S REGISTER FOUNDATION
Lloyd's Register Foundation promotes safety and education. Most of the consolidated income is attributable to the Lloyd's Register Group, a trading group that distributes profit to the Foundation. It is received dividends and not the consolidated trading income that is available to the Foundation. The trading group is a 'Social Investment' that also furthers the Foundation's charitable aims.
Financial health, per its FY2025 accounts
The accounts state that consolidated net assets decreased to £954.9 million from £1,069.2 million in the prior year, driven largely by a significant loss on the investment portfolio. However, the group maintains strong liquidity with net cash of £159.7 million and an investment portfolio valued at £328.3 million, which the trustees consider sufficient to meet liquidity requirements for the foreseeable future.
What the accounts disclose
“2 employees received over £1,000,000; 7 employees received between £500,001 and £1,000,000; 2 employees received between £400,001 and £500,000; 5 employees received between £300,001 and £400,000; 44 employees received between £200,001 and £300,000; 460 employees received between £100,001 and £200,000; and 1,306 employees received between £60,001 and £100,000.”
“A £1,200,000 grant to support decarbonisation in the marine sector. £1,200,000 remains outstanding as at 30 June 2025.” — page 78
“A £200,000 grant to support the SafetyTech Accelerator Programme. £100,000 remains outstanding as at 30 June 2025.” — page 78
“A £1,200,000 grant to support decarbonisation in the marine sector. £1,200,000 remains outstanding as at 30 June 2025.” — page 78
“A £200,000 grant to support the SafetyTech Accelerator Programme. £100,000 remains outstanding as at 30 June 2025.” — page 78
“The Foundation has a social investment in one trading subsidiary, Lloyd’s Register Group Limited, which has its own global group of trading companies (the Trading Group).” — page 76
In the news
- Zetech University wins Lloyd’s Register Foundation Grant to spotlight women’s maritime safety heritage
- Abuja MoU, Lloyd’s Register Foundation Host Maritime DGs To Strengthen Port State Control Regime
- Lloyd's Register Foundation: Listen to seafarers to accelerate the safe adoption of new technologies
- Lloyd’s Register Group and Lloyd’s Register Foundation appoints Matthias Altendorf as new chair
- Lloyd’s Register Foundation Heritage Funding Opportunity
- Open Call: Lloyd’s Register Foundation’s Heritage Grants
- Lloyd’s Register Foundation – Small Grants Scheme (UK)
- IMRF and Lloyd’s Register Foundation partner to lead a strategic review of global maritime search and rescue systems
Leadership, per the charity’s website
- Thomas Thune Andersen — Chairman
- Nick Brown — Chief Executive Officer
- Matthias Altendorf — Chair Elect
- Mary Waldner — Chief Financial Officer
- Alison Kay — Non-Executive Director
- Mark Kelsey — Non-Executive Director
- Patrick Martell — Non-Executive Director
UK research funding (UKRI Gateway to Research)
- ORCA Stream B - Towards Resident Robots
- Academic Centre of Excellence in Cyber Security Research - University of Oxford
- AGILE: Providing rapid evidence-based solutions to the needs of environmental policy-makers.
- GCRF GlobalSeaweed* - Safeguarding the future of seaweed aquaculture in developing countries
- UK Robotics and Artificial Intelligence Hub for Offshore Energy Asset Integrity Management
- Wreck Assess
- Engineering Complexity Resilience Network Plus
- Assuring Responsibility for Trustworthy Autonomous Systems
- Bioenergy: research into a renewable energy resource
- 'Unpath'd Waters': Marine and Maritime Collections in the UK
Advertised salaries (public job ads)
- Senior Data and Insight Scientist — £50,000 - £70,000 per year
- Resarch Assistant
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- THOMAS THUNE ANDERSENchair
- Andreas Sohmen-Pao
- Dame Una Noelle O'Brien
- Dr Paula Louise Haynes
- Madhavi Rani Koya
- Marina May Wyatt
- Matthias Altendorf
- Professor Sir Peter George Bruce
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £691.7m | £662.4m |
| 30/06/2024 | £572.1m | £589.6m |
| 30/06/2023 | £560.4m | £550.1m |
| 30/06/2022 | £996.5m | £599.9m |
| 30/06/2021 | £384.5m | £360.5m |
Common questions
Is LLOYD'S REGISTER FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that consolidated net assets decreased to £954.9 million from £1,069.2 million in the prior year, driven largely by a significant loss on the investment portfolio. However, the group maintains strong liquidity with net cash of £159.7 million and an investment portfolio valued at £328.3 million, which the trustees consider sufficient to meet liquidity requirements for the foreseeable future. Its FY2025 accounts were audited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TRUST FOR LONDON | 2 | £1.3m |
| GIVE A GIFT | 2 | £75k |
| MILLS AND REEVE CHARITABLE TRUST | 2 | £4k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £600k |
| THE A B CHARITABLE TRUST | 1 | £570k |
| THE HAPPY BABY COMMUNITY | 1 | £105k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £100k |
| THE BARTLETT FOUNDATION | 1 | £86k |
Charities like this
- LLOYD'S REGISTER INTERNATIONAL
- Lloyd's of London Foundation
- THE LUDGROVE SCHOOL FOUNDATION
- THE LANCASHIRE FOUNDATION
- COMMUNITY FOUNDATION FOR LEEDS
- LLOYDS BANK FOUNDATION FOR ENGLAND & WALES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LLOYD'S REGISTER FOUNDATION | £691.7m | — | 1826 | unclear | — | no doubt |
| LLOYD'S REGISTER INTERNATIONAL | £12.5m | — | — | within | — | no doubt |
| Lloyd's of London Foundation | £1.5m | — | 0 | above | — | no doubt |
| THE LUDGROVE SCHOOL FOUNDATION | £1.6m | — | 0 | unclear | — | no doubt |
| THE LANCASHIRE FOUNDATION | £956k | — | 0 | above | — | no doubt |
| COMMUNITY FOUNDATION FOR LEEDS | £4.5m | £80,001 - £90,000 | 1 | above | — | no doubt |