LLOYD'S REGISTER INTERNATIONAL
LR International has been set up to provide services in Australia and New Zealand which protect life, property and the environment, promote public education, and promote industry and commerce. We employ engineers and other professional staff who assess whether ships and other high value assets have been constructed, maintained and operated in accordance with proper standards of safety.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £1.8m for the year ended 30 June 2025, resulting in total unrestricted reserves of £12.5m. The trustees confirm that these reserves are in line with their policy to retain sufficient funds to avoid threats to financial health and respond to difficult operational conditions. The charity has adequate financial resources to continue in operational existence for the foreseeable future with no material uncertainties identified.
What the accounts disclose
“The reserves held at 30 June 2025 are in line with this policy.” — page 4
“Expenditure includes support, governance and intellectual property costs recharged from Lloyd’s Register Group Limited of £0.6m (2024: £0.5m), which are incurred in fulfilling the Company’s delivery of professional services to its clients in furtherance of its charitable objectives.” — page 16
“The remuneration for key management personnel including national insurance and pension benefits for the year totalled £314,000 (year to 30 June 2024: £626,000).”
“Expenditure includes support, governance and intellectual property costs recharged from Lloyd’s Register Group Limited of £0.6m (2024: £0.5m), which are incurred in fulfilling the Company’s delivery of professional services to its clients in furtherance of its charitable objectives.” — page 16
“The remuneration for key management personnel including national insurance and pension benefits for the year totalled £314,000 (year to 30 June 2024: £626,000).”
Corporate structure
- Registered company of the charity Companies House 06676406
Company officers (Companies House)
- WAGSTAFF, Douglas David on trustee list
- ERWIG, Frans Ricolt on trustee list
- PROFFITT, Keith on trustee list
- BIGMORE, Tracey Anne
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Douglas David Wagstaff
- Frans Ricolt Erwig
- Keith Proffitt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £12.5m | £10.8m |
| 30/06/2024 | £12.4m | £11.4m |
| 30/06/2023 | £13.0m | £11.5m |
| 30/06/2022 | £11.4m | £10.8m |
| 30/06/2021 | £6.4m | £5.9m |
Common questions
Is LLOYD'S REGISTER INTERNATIONAL financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £1.8m for the year ended 30 June 2025, resulting in total unrestricted reserves of £12.5m. The trustees confirm that these reserves are in line with their policy to retain sufficient funds to avoid threats to financial health and respond to difficult operational conditions. The charity has adequate financial resources to continue in operational existence for the foreseeable future with no material uncertainties identified. Its FY2025 accounts were audited by Deloitte LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 2 | £121k |
| THE PHILIP J MILTON AND COMPANY PLC CHARITABLE FOUNDATION | 1 | — |
| THE MICHAEL BISHOP FOUNDATION | 1 | £1.2m |
| THE LATE GWYNETH MON WILLIAMS CHARITABLE TRUST | 1 | £246k |
| THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION | 1 | £160k |
| THE VALERIE EVELYN MORANT TRUST | 1 | £151k |
| THE LIDBURY FAMILY TRUST | 1 | £100k |
| WHEELER MILL FOUNDATION | 1 | £59k |
Charities like this
- LLOYD'S REGISTER FOUNDATION
- Lloyd's of London Foundation
- THE ROYAL NATIONAL LIFEBOAT INSTITUTION
- INTERNATIONAL MARITIME RESCUE FEDERATION
- ROYAL INSTITUTE OF NAVIGATION
- BRITISH SAFETY COUNCIL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LLOYD'S REGISTER INTERNATIONAL | £12.5m | — | — | within | — | no doubt |
| LLOYD'S REGISTER FOUNDATION | £691.7m | — | 1826 | unclear | — | no doubt |
| Lloyd's of London Foundation | £1.5m | — | 0 | above | — | no doubt |
| THE ROYAL NATIONAL LIFEBOAT INSTITUTION | £286.7m | more than £60,000 | 125 | within | — | no doubt |
| INTERNATIONAL MARITIME RESCUE FEDERATION | £388k | £70,001 - £80,000 | 1 | unclear | — | no doubt |
| ROYAL INSTITUTE OF NAVIGATION | £705k | £80,001 - £90,000 | 1 | unclear | — | no doubt |