LLOYD'S PATRIOTIC FUND
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £3,427,000, which significantly exceeds its stated policy target of approximately £125,000. Per the trustees' report, the charity generated a net movement in funds of £540,000 for the year, supported by investment income and donations, indicating strong financial stability.
What the accounts disclose
“Trustees have a reserves policy of holding circa £125,000 in reserve at all times (plus or minus 10%).”
“With the exception of audit fees, bank charges, insurance and investment management fees which are borne directly by the Fund, all administration costs of the Fund are borne in full by the Corporation of Lloyd's.” — page 4
“As noted in the report of the Trustees, the auditor was paid for the provision of bookkeeping services. This was for an amount of £6,000 (2023: £5,000) and was paid by the Corporation of Lloyd’s.” — page 20
“With the exception of audit fees, bank charges, insurance and investment management fees which are borne directly by the Fund, all administration costs of the Fund are borne in full by the Corporation of Lloyd's.” — page 4
“As noted in the report of the Trustees, the auditor was paid for the provision of bookkeeping services. This was for an amount of £6,000 (2023: £5,000) and was paid by the Corporation of Lloyd’s.” — page 20
“With the exception of audit fees, bank charges, insurance and investment management fees which are borne directly by the Fund, all administration costs of the Fund are borne in full by the Corporation of Lloyd's.” — page 4
“As noted in the report of the Trustees, the auditor was paid for the provision of bookkeeping services. This was for an amount of £6,000 (2023: £5,000) and was paid by the Corporation of Lloyd’s.” — page 20
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Edward Butlerchair
- Hannah Rowland
- James de Labilliere
- Jane Warren
- Mark Keville
- Nicola West
- Nigel Somerville
- Sean McGovern
- Simon Maxwell
- Warren Clegg
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £439k | £256k |
| 31/12/2023 | £464k | £214k |
| 31/12/2022 | £579k | £400k |
| 30/06/2021 | £470k | £185k |
| 30/06/2020 | £441k | £348k |
Common questions
Is LLOYD'S PATRIOTIC FUND financially healthy?
The accounts state that the charity holds unrestricted reserves of £3,427,000, which significantly exceeds its stated policy target of approximately £125,000. Per the trustees' report, the charity generated a net movement in funds of £540,000 for the year, supported by investment income and donations, indicating strong financial stability. Its FY2024 accounts were audited by TC Group.
Who funds LLOYD'S PATRIOTIC FUND?
Funders whose own accounts filings name LLOYD'S PATRIOTIC FUND as a grant recipient include Lloyd's of London Foundation.
Known funders
| Funder | Year | Amount |
|---|---|---|
| Lloyd's of London Foundation | FY2024 | £100k |
| Lloyd's of London Foundation | FY2023 | £100k |