Lords Group Foundation

Overview

The Lords Group Foundation is a U.K.-based nonprofit organization, established in 2021 by Lords Group Trading Plc. It is registered as a Charity Incorporated Organisation (CIO) with the Charity Commission, bearing charity number 1193157.

Mission and Objectives

The primary mission of the Lords Group Foundation is to build stronger communities within the U.K. by supporting local projects, especially those related to community centers. The foundation aims to improve the quality of life for individuals, particularly those affected by youth, age, infirmity, disability, financial hardship, or social circumstances. It prioritizes projects within a five-mile radius of Lords Group Trading Plc's business locations.

Activities and Grants

The foundation provides financial support towards capital projects, other initiatives, and core costs that offer charitable benefits. It welcomes applications from local community centers and considers proposals on a quarterly basis. To be eligible for funding, projects must align with the foundation's objectives.

Financial Operations

For the financial year ending December 31, 2023, the foundation reported a total income of £6,539 and a total expenditure of £125,223. Despite the discrepancy in these figures, the foundation is committed to contributing £200,000 annually through its parent company.

Community Engagement

Beyond financial support, the Lords Group Foundation also engages in hands-on community initiatives. For instance, it has partnered with local schools and organizations to provide resources and support for educational projects, such as school garden renovations. Additionally, it sponsors community events that bring families together to celebrate achievements and foster community bonds.

Governance

The Lords Group Foundation is overseen by three trustees, who meet quarterly to review grant applications. No trustees receive remuneration or benefits from the charity, ensuring that resources are directed towards community projects.

[1] https://www.lordsgrouptradingplc.co.uk/about-us/lords-group-foundation [2] https://register-of-charities.charitycommission.gov.uk/charity-details/?regid=1193157&subid=0 [3] https://www.lordsgrouptradingplc.co.uk/about-us/lords-group-foundation/grant-application-form [4] https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/5172860/contact-information [5] https://www.allchild.org/resource/lords-group-foundation-cements-their-values-in-the-west-london-community