Founded in 1815 by the Duke of Wellington to help families of servicemen stranded after the Battle of Waterloo, the Fund continues to provide both financial and social assistance to (often elderly) British citizens living in Belgium who find themselves in financial or other distress. Regular visits are paid to them, advice and practical help with everyday problems are supplied.

Also, with the support of a legacy received for the purpose some years ago, a short seaside holiday is provided for some beneficiaries. More recently, even more harrowing cases of younger persons have appealed to the Fund for help. All support is voluntary and there are virtually no overheads.

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