LLOYDS BANK FOUNDATION FOR ENGLAND & WALES
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit on unrestricted funds of £1.2 million for the year, which was funded by existing reserves. The trustees confirm that free reserves of £24.8 million remain well in excess of their stated policy target of £14.2 million, providing confidence in the charity's ability to continue operations through June 2027.
What the accounts disclose
“the reserves policy requires 12 months total expenditure less the minimum annual payment under the Lloyds Banking Group covenant with a tolerance level of 5% below the target before action is required. At 31 December 2025 this represented a level of £14.2m”
“In 2025 we received £24.3m from Lloyds Banking Group (LBG) under the Covenant” — page 20
“Head of Finance, Andrew Whitehead, is the Chair of the Pension Trustees of a pension scheme sponsored by Shaftesbury. In 2025, the Foundation made a donation of £500 to Shaftesbury” — page 42
“In 2025 we received £24.3m from Lloyds Banking Group (LBG) under the Covenant” — page 20
“Head of Finance, Andrew Whitehead, is the Chair of the Pension Trustees of a pension scheme sponsored by Shaftesbury. In 2025, the Foundation made a donation of £500 to Shaftesbury” — page 42
“In 2025 we received £24.3m from Lloyds Banking Group (LBG) under the Covenant” — page 20
“Head of Finance, Andrew Whitehead, is the Chair of the Pension Trustees of a pension scheme sponsored by Shaftesbury. In 2025, the Foundation made a donation of £500 to Shaftesbury” — page 42
“During the year the Foundation received reports about safeguarding concerns at a charity it had recently awarded a grant to. The matter was reported to the Charity Commission and the grant award was withdrawn.” — page 23
Corporate structure
- Registered company of the charity Companies House 01971242
Leadership, per the charity’s website
- Matt Hyde — Chief Executive
Funders the charity credits
- National Lottery Community Fund
- Lloyds Banking Group
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Ajneet Jassey
- Baroness Ruth Elizabeth Hunt
- Bushra Anoud Ahmed
- CHERRIE BIJA
- Clara Louise Berry
- Claud Leon George Williams
- Enver Solomon
- Laura Needham
- Mark Patrick Barrow
- Miles John Ravenhill
- Sarah Catherine Legg
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £29.6m | £30.2m |
| 31/12/2024 | £27.8m | £24.8m |
| 31/12/2023 | £19.2m | £24.2m |
| 31/12/2022 | £16.5m | £19.9m |
| 31/12/2021 | £19.4m | £19.9m |
Common questions
Is LLOYDS BANK FOUNDATION FOR ENGLAND & WALES financially healthy?
The accounts state that the charity reported a deficit on unrestricted funds of £1.2 million for the year, which was funded by existing reserves. The trustees confirm that free reserves of £24.8 million remain well in excess of their stated policy target of £14.2 million, providing confidence in the charity's ability to continue operations through June 2027. Its FY2025 accounts were audited by Deloitte LLP.
Who funds LLOYDS BANK FOUNDATION FOR ENGLAND & WALES?
Funders whose own accounts filings name LLOYDS BANK FOUNDATION FOR ENGLAND & WALES as a grant recipient include THE HAPPY BABY COMMUNITY, THE LEGAL EDUCATION FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE HAPPY BABY COMMUNITY | FY2023 | £52k |
| THE LEGAL EDUCATION FOUNDATION | FY2024 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRIDGE HOUSE ESTATES | 1 | £1.0m |
| THE CRUCIBLE FOUNDATION | 1 | £110k |
| THE AMATEURS TRUST | 1 | £90k |
| CBRE UK CHARITABLE TRUST | 1 | £50k |
| THE 3 TS CHARITABLE TRUST | 1 | £10k |
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 1 | £5k |