LLOYD'S REGISTER FOUNDATION

Charity Number: 1145988
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Lloyd's Register Foundation promotes safety and education. Most of the consolidated income is attributable to the Lloyd's Register Group, a trading group that distributes profit to the Foundation. It is received dividends and not the consolidated trading income that is available to the Foundation. The trading group is a 'Social Investment' that also furthers the Foundation's charitable aims.

Income and expenditure

Data for financial year ending 30 June 2024

Total income:
£572,056,000

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Donations and legacies £0
Charitable activities £0
Other trading activities £546.62m
Investments £23.04m
Other £2.40m

Total expenditure:
£589,640,000

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Raising funds £855.00k
Charitable activities £23.90m
Other £564.89m

£47,381,000 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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £565.75m
Charitable expenditure £23.90m

People

3764 Employee(s)

9 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 3
£70k to £80k 2
£80k to £90k 1
£110k to £120k 2
£120k to £130k 2
£130k to £140k 2
£150k to £200k 1
£200k to £250k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the 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:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Other Finance
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England
  • Albania
  • Algeria
  • American Samoa
  • Andorra
  • Angola
  • Anguilla
  • Antarctica
  • Antigua And Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia And Herzegovina
  • Botswana
  • Brazil
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China
  • Christmas Island
  • Cocos (KEELING) ISLANDS
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Eswatini
  • Ethiopia
  • Falkland Islands
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • Gabon
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guam
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Ireland
  • Isle Of Man
  • Israel
  • Italy
  • Ivory Coast
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kuwait
  • Kyrgyzstan
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Macedonia
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Norfolk Island
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Pitcairn, Henderson, Ducie And Oeno Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russia
  • Rwanda
  • Saint Pierre And Miquelon
  • Saint Vincent
  • Samoa
  • San Marino
  • São Tomé And Principe
  • Saudi Arabia
  • Scotland
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovakia
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Korea
  • Spain
  • Sri Lanka
  • St Kitts And Nevis
  • Sudan
  • Suriname
  • Svalbard And Jan Mayen
  • Sweden
  • Switzerland
  • Syria
  • Taiwan
  • Tajikistan
  • Tanzania
  • Thailand
  • The Bahamas
  • The Gambia
  • Togo
  • Tokelau
  • Tonga
  • Trinidad And Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks And Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United States
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Yemen
  • Zambia
  • Zimbabwe

Governance

Registration history:
  • 20 February 2012: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
07905861 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
  • 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 owns and/or leases 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

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
THOMAS THUNE ANDERSEN Chair 02 August 2012
None on record
Professor Sir Peter George Bruce Trustee 01 April 2025
None on record
Professor Dracos Vassalos Trustee 01 April 2025
None on record
Dr Paula Louise Haynes Trustee 01 January 2024
None on record
Madhavi Rani Koya Trustee 01 April 2023
None on record
Marina May Wyatt Trustee 01 January 2023
None on record
Dame Una Noelle O'Brien Trustee 01 January 2021
THE MORTLAKE COMMUNITY ASSOCIATION
Received: On time
Andreas Sohmen-Pao Trustee 26 June 2018
None on record
LAMBROS VARNAVIDES Trustee 02 August 2012
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2020 30/06/2021 30/06/2022 30/06/2023 30/06/2024
Total gross income £1.29bn £384.46m £996.51m £560.40m £572.06m
Total expenditure £1.33bn £360.50m £599.86m £550.11m £589.64m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £2.83m N/A N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £1.25bn £375.67m £569.10m £516.79m £546.62m
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £28.78m £8.79m £18.16m £25.24m £23.04m
Income - Other £8.13m £0 £409.26m £18.37m £2.40m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £19.68m £6.57m £18.54m £21.90m £23.90m
Expenditure - Raising funds £1.56m £437.00k £865.00k £863.00k £855.00k
Expenditure - Governance £65.00k £59.00k £62.00k £65.00k £68.00k
Expenditure - Grants institution £5.08m £1.32m £8.09m £11.17m £12.71m
Expenditure - Investment management £1.56m £437.00k £865.00k £863.00k £855.00k
Expenditure - Other £1.31bn £353.49m £580.46m £527.35m £564.89m

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 31/12/2020 30/06/2021 30/06/2022 30/06/2023 30/06/2024
Own use assets £439.04m £440.39m £405.80m £626.32m £577.10m
Long-term investments £394.36m £389.01m £580.52m £536.90m £587.46m
Other assets £519.71m £541.59m £665.21m £361.19m £335.60m
Defined benefit pension scheme asset or liability -£263.51m -£237.28m -£164.36m -£134.20m -£127.29m
Total liabilities £328.22m £349.30m £323.37m £296.45m £303.70m

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 30 June 2024 09 April 2025 On Time
Accounts and TAR 30 June 2024 09 April 2025 On Time Download Open in new window
Annual return 30 June 2023 17 April 2024 On Time
Accounts and TAR 30 June 2023 17 April 2024 On Time Download Open in new window
Annual return 30 June 2022 22 March 2023 On Time
Accounts and TAR 30 June 2022 22 March 2023 On Time Download Open in new window
Annual return 30 June 2021 28 April 2022 On Time
Accounts and TAR 30 June 2021 28 April 2022 On Time Download Open in new window
Annual return 31 December 2020 27 October 2021 On Time
Accounts and TAR 31 December 2020 27 October 2021 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 11/01/2012 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 27/06/2013 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 07 APR 2017 as amended on 29 Jun 2021 as amended on 28 Sep 2023

Charitable objects

(A) TO SECURE FOR THE BENEFIT OF THE COMMUNITY HIGH TECHNICAL STANDARDS OF DESIGN, MANUFACTURE, CONSTRUCTION, MAINTENANCE, OPERATION AND PERFORMANCE FOR THE PURPOSE OF ENHANCING THE SAFETY OF LIFE AND PROPERTY AT SEA AND ON LAND AND IN THE AIR; (B) THE ADVANCEMENT OF PUBLIC EDUCATION INCLUDING WITHIN THE TRANSPORTATION INDUSTRIES AND ANY OTHER ENGINEERING AND TECHNOLOGICAL DISCIPLINES.

Contact information

Address:
71 FENCHURCH STREET
LONDON
EC3M 4BS
Phone:
02074232783
Email:
MICHELLE.DAVIES@LR.ORG
Website:

www.lr.org Open in new window