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LLOYD'S PATRIOTIC FUND

Registered charity 210173 · accounts filings on the Charity Commission register · also known as Lloyd's Veterans Charity

Lloyd's Patriotic Fund supports serving and ex-service members of the British Armed Forces and their families, with a particular focus on those who are disabled or facing poverty, illness and hardship.

Causes: General Charitable Purposes · Education/training · Disability · The Prevention Or Relief Of Poverty · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£439k
Latest spending
£256k
Registered
1963
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: circa £125,000 in reserve at all times (plus or minus 10%) (held: £3.4m)
“Trustees have a reserves policy of holding circa £125,000 in reserve at all times (plus or minus 10%).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Corporation of Lloyd's bears the majority of administration costs and provides an annual donation.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Corporation of Lloyd's paid for auditor bookkeeping services.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee travel expenses were reimbursed by the Corporation of Lloyd's.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by TC Group. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Lloyd’s Veterans Charity (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2022)

Total income
£579k
Total spending
£400k
Cost of raising funds
£19k
Reserves (reported)
£125k
Employees
0

Reported reserves equal ~3.7 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (69% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 3.3% of total income — above the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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. 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, THE HISCOX FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
Lloyd's of London FoundationFY2024£100kDonation
Lloyd's of London FoundationFY2023£100kFunding from Lloyd’s Corporation rerouted through LoLF
THE HISCOX FOUNDATIONFY2022£500

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ARMED FORCES COVENANT FUND3£480k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER, FORMBY1—
THE PHILIP J MILTON AND COMPANY PLC CHARITABLE FOUNDATION1—
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WIGAN WEST1—
The Parochial Church Council of the ecclesiastical parish of Fen Drayton with Fenstanton1—
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER'S CHURCH BOUGHTON MONCHELSEA1—
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS WITH ALL SAINTS, LYMINGTON, WINCHESTER1—
JOHN RISEBROW'S CHARITY1£1918.0m

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Lloyd's of London Foundation.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
LLOYD'S PATRIOTIC FUND£439k—0above—no doubt
Lloyd's of London Foundation FY2024£1.5m—0above—no doubt
LLOYDS BANK FOUNDATION FOR ENGLAND & WALES FY2025£29.6m——above—no doubt
WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST FY2025£351k—0below—no doubt
CARE AFTER COMBAT FY2025£973k—0unclear—no doubt
UNIT INSTITUTE FUND ROYAL MARINES POOLE FY2025£178k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.