LLOYDS BANK FOUNDATION FOR ENGLAND & WALES

Charity number: 327114
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To be a leading grant maker supporting and working in partnership with recognised charitable organisations which help people, especially those who are disadvantaged or disabled, to play a fuller role in communities throughout England and Wales.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£19,219,068

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Donations and legacies £17.87m
Charitable activities £0
Other trading activities £0
Investments £1.24m
Other £108.36k

Total expenditure:
£24,220,619

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Raising funds £69.61k
Charitable activities £24.15m
Other £0

£1,263,483 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £69.61k
Charitable expenditure £24.15m

People

50 Employee(s)

10 Trustee(s)

428 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£90k to £100k 2
£150k to £200k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 13 May 1986: Standard registration
Organisation type:
Charitable company
Other names:
  • Lloyds Bank Foundation (Working name)
  • LLOYDS TSB FOUNDATION FOR ENGLAND AND WALES (Previous name)
Company number:
01971242 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dame Ann Geraldine Limb DBE DL Chair 01 July 2022
THE CITY AND GUILDS OF LONDON INSTITUTE
Received: On time
WAVENDON ALL MUSIC PLAN LIMITED
Received: On time
Laura Needham Trustee 01 January 2024
None on record
Ajneet Jassey Trustee 01 January 2024
None on record
Claud Leon George Williams Trustee 02 January 2023
None on record
CHERRIE BIJA Trustee 02 January 2023
SWANSEA C V S
Received: On time
Bushra Anoud Ahmed Trustee 01 July 2022
50:50
Received: On time
Sarah Catherine Legg Trustee 01 July 2021
None on record
RUTH ELIZABETH SUTHERLAND Trustee 03 February 2020
None on record
Kamran Mallick Trustee 03 February 2020
WHEELS FOR WELLBEING
Received: On time
Darren John Knight Trustee 03 February 2020
OCTAGON THEATRE TRUST LIMITED
Received: On time
THE LOOP DRUG CHECKING SERVICE
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £19.90m £24.61m £19.36m £16.46m £19.22m
Total expenditure £29.02m £28.20m £19.86m £19.86m £24.22m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £4.62m £425.74k N/A N/A
Income - Donations and legacies £19.00m £23.86m £18.98m £16.29m £17.87m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £889.46k £735.16k £370.74k £155.09k £1.24m
Income - Other £13.92k £10.16k £8.53k £11.03k £108.36k
Income - Legacies £0 £0 £15.00k £0 £0
Expenditure - Charitable activities £28.87m £28.07m £19.76m £19.76m £24.15m
Expenditure - Raising funds £147.66k £135.62k £100.00k £100.00k £69.61k
Expenditure - Governance £109.49k £0 £111.27k £59.30k £66.54k
Expenditure - Grants institution £25.04m £28.07m £15.88m £19.15m £20.46m
Expenditure - Investment management £147.66k £135.62k £100.00k £100.00k £69.61k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £159.51k £128.57k £82.99k £111.78k £88.81k
Long-term investments £42.27m £37.61m £33.13m £13.52m £14.73m
Other assets £16.06m £20.34m £15.69m £23.44m £22.60m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £23.25m £25.39m £15.42m £12.19m £16.28m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 24 May 2024 On Time
Accounts and TAR 31 December 2023 24 May 2024 On Time Download Open in new window
Annual return 31 December 2022 22 June 2023 On Time
Accounts and TAR 31 December 2022 22 June 2023 On Time Download Open in new window
Annual return 31 December 2021 25 May 2022 On Time
Accounts and TAR 31 December 2021 25 May 2022 On Time Download Open in new window
Annual return 31 December 2020 18 June 2021 On Time
Accounts and TAR 31 December 2020 18 June 2021 On Time Download Open in new window
Annual return 31 December 2019 22 May 2020 On Time
Accounts and TAR 31 December 2019 22 May 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 13/12/1985 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 16/03/1999 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 13/04/2011 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 02/01/2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03/12/2013 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 24/04/2014

Charitable objects

ANY CHARITABLE PURPOSE, INCLUDING IN PARTICULAR: A) TO ADVANCE EDUCATION AND TRAINING IN ALL ASPECTS OF KNOWLEDGE BY MEANS OF (BUT NOT LIMITED TO ) THE MAKING OF GRANTS, INCLUDING THE ESTABLISHMENT OF SCHOLARSHIPS AND PRIZES, AND OTHER LIKE AWARDS. B) TO ADVANCE SCIENTIFIC OR MEDICAL RESEARCH, ON THE CONDITION THAT ALL USEFUL RESULTS OF SUCH SCIENTIFIC OR MEDICAL RESEARCH ARE PUBLISHED, AND EDUCATION IN SCIENTIFIC OR MEDICAL RESEARCH BY MEANS OF (BUT NOT LIMITED TO) THE MAKING OF GRANTS, INCLUDING THE ESTABLISHMENT OF SCHOLARSHIPS AND PRIZES, AND OTHER LIKE AWARDS. C) TO PROMOTE THE PROVISION OF FACILITIES IN THE INTEREST OF SOCIAL AND COMMUNITY WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION AND ENJOYMENT OF THE ARTS WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF PEOPLE WHO ARE DISADVANTAGED BY YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

PRINCIPALLY ENGLAND WALES AND ISLE OF MAN

Contact information

Address:
SOCIETY BUILDING
8 ALL SAINTS STREET
LONDON
N1 9RL
Phone:
02073784610
Email:
enquiries@lloydsbankfoundation.org.uk
Website:

www.lloydsbankfoundation.org.uk Open in new window