LLOYD'S BENEVOLENT FUND
In house benevolent fund.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves totalled £16,599,000, an increase from the previous year's £14,979,000. The trustees consider there are no material uncertainties regarding the Fund’s ability to continue as a going concern, citing sufficient budgeted income and expenditure levels to cover operations for the next 12 months. The charity relies on investment income to support its grant-making activities while preserving capital.
What the accounts disclose
“The revenue of the Fund is generated mainly from investment income and by way of donations and legacies.” — page 5
“The Fund relies on the income from its investment Fund to support its grant making, leaving the capital of the Fund untouched as far as possible to provide a future income stream. Unrestricted funds as at 31 December 2024 totalled £16,599,000 (31 December 2023: £14,979,000) which are available at the discretion of the Trustees to meet the continuing requirements of the Fund.” — page 6
“There was one related party transaction in the period ended 31 December 2023. Recruitment services of a value of £25,000 plus VAT, were provided by Damhurst & Co., of which J Cooper, a trustee, is a director. These services were donated to the charity, and as such are shown within income and expenditure.” — page 17
Trustees
- Ajay Gupta
- Andrew Groom
- James Philip Cooper
- Marcella McLean
- Marianne Clare Kathleen Harvey
- Mark Patrick Aylward
- Sally Jane Coryn
- Shazia Deenally
- Simon Andrew Charles White JP
- Simon Andrew Charles White JP
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £425k | £466k |
| 31/12/2023 | £419k | £387k |
| 31/12/2022 | £433k | £451k |
| 30/09/2021 | £302k | £361k |
| 30/09/2020 | £334k | £453k |
Common questions
Is LLOYD'S BENEVOLENT FUND financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves totalled £16,599,000, an increase from the previous year's £14,979,000. The trustees consider there are no material uncertainties regarding the Fund’s ability to continue as a going concern, citing sufficient budgeted income and expenditure levels to cover operations for the next 12 months. The charity relies on investment income to support its grant-making activities while preserving capital. Its FY2024 accounts were audited by TC Group.
Charities like this
- THE STOCK EXCHANGE BENEVOLENT FUND
- RICHMOND TRUST FUND
- THE BEHRENS FOUNDATION
- RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND
- THE BRISTOL BENEVOLENT INSTITUTION
- THE BEN AND PRECY CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LLOYD'S BENEVOLENT FUND | £425k | — | 0 | unclear | — | no doubt |
| THE STOCK EXCHANGE BENEVOLENT FUND | £773k | — | — | unclear | — | no doubt |
| RICHMOND TRUST FUND | £220k | — | 0 | above | — | no doubt |
| THE BEHRENS FOUNDATION | £120k | — | 0 | unclear | — | no doubt |
| RICHARD HENRY HOLMES MASONIC BENEVOLENT FUND | £218k | — | 0 | unclear | — | no doubt |
| THE BRISTOL BENEVOLENT INSTITUTION | £394k | — | 0 | unclear | — | no doubt |