LLOYDS BANK FOUNDATION FOR THE CHANNEL ISLANDS
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £1,416,396, which is above the trustees' stated target of approximately £900,000. The charity reported a net expenditure before investment gains of £70,862, funded primarily by a covenant from Lloyds Banking Group, and confirmed no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Leadership, per the charity’s website
- Philippa Stahelin — Chair
- Jo Le Poidevin — Executive Director
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Aaron Philip Davies
- Adele Louise Bohlen
- Hana Elizabeth Plesk
- Oliver Benjamin Smith
- Philippa Jane Stahelin
- Stuart Anthony Berry
- Thomas Paul Holvey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.2m |
| 31/12/2023 | £901k | £975k |
| 31/12/2022 | £803k | £834k |
| 31/12/2021 | £892k | £1.2m |
| 31/12/2020 | £891k | £1.1m |
Common questions
Is LLOYDS BANK FOUNDATION FOR THE CHANNEL ISLANDS financially healthy?
The accounts state that unrestricted reserves stood at £1,416,396, which is above the trustees' stated target of approximately £900,000. The charity reported a net expenditure before investment gains of £70,862, funded primarily by a covenant from Lloyds Banking Group, and confirmed no material uncertainties regarding its ability to continue as a going concern. Its FY2023 accounts were audited by Deloitte LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| THE AMATEURS TRUST | 1 | £90k |
| THE HAPPY BABY COMMUNITY | 1 | £52k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |
| THE LEGAL EDUCATION FOUNDATION | 1 | £10k |