THE CITY OF LONDON SCHOOL CHARITABLE TRUST

Registered charity 1020824 · accounts filings on the Charity Commission register

To carry out charitable activites as determined by the trustees

Objects

TO OR TOWARDS OR FOR THE BENEFIT OF SUCH ONE OR MORE CHARITABLE OBJECTS OR CHARITABLE PURPOSE AND/OR CHARITABLE INSTITUTIONS AT SUCH TIME OR TIMES IN SUCH MANNER AND IN SUCH PROPORTIONS AS THE TRUSTEES SHALL FROM TIME TO TIME IN THEIR DISCRETION DETERMINE.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: City of London, London, England (from the postcode on the register)

Received the assets of CITY OF LONDON SCHOOL BURSARY TRUST (charity 1097123) — merger registered 17/12/2024.
Source: Charity Commission register of merged charities (OGL v3.0).
Latest income
£3.4m
Latest spending
£950k
Registered
1993
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity is prepared on a going concern basis with adequate funding sources. However, the audit report highlights ongoing internal control weaknesses, including the lack of budgeting and cashflow forecasts, and issues with reconciling donation income and endowment funds. The auditors identified several material misstatements and related party disclosure failures that required adjustment.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Governance: The charity does not produce budgets or cashflows.
“Whilst completing our going concern work it has come to our attention that the Charity does not produce budgets or cashflows.”
“During our audit we noted that donations from Trustees had not been declared. These are related party transactions and are material to the financial statements and must be disclosed.” — page 51
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Donations from Trustees had not been declared (resolved).
“Whilst completing our going concern work it has come to our attention that the Charity does not produce budgets or cashflows.”
“During our audit we noted that donations from Trustees had not been declared. These are related party transactions and are material to the financial statements and must be disclosed.” — page 51
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Endowment fund not invested separately.
“Whilst completing our going concern work it has come to our attention that the Charity does not produce budgets or cashflows.”
“During our audit we noted that donations from Trustees had not been declared. These are related party transactions and are material to the financial statements and must be disclosed.” — page 51
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Bank account transactions for CLSBT not provided/reconciled.
“Whilst completing our going concern work it has come to our attention that the Charity does not produce budgets or cashflows.”
“During our audit we noted that donations from Trustees had not been declared. These are related party transactions and are material to the financial statements and must be disclosed.” — page 51
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Charity expenditure paid from school bank.
“Whilst completing our going concern work it has come to our attention that the Charity does not produce budgets or cashflows.”
“During our audit we noted that donations from Trustees had not been declared. These are related party transactions and are material to the financial statements and must be disclosed.” — page 51
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by TC Group. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/08/2025

  • Grant-making is its main activity

Self-declared on the annual return for the financial year ending 31/08/2024

  • Volunteers: 5
  • Grant-making is its main activity

Self-declared on the annual return for the financial year ending 31/08/2023

  • Grant-making is its main activity

Source: this charity’s annual returns on the Charity Commission register.

Annual return filing dates (Charity Commission record)

Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/08/2021 (received 04/08/2022, 35 days after the 30/06/2022 due date).

Due and received dates as recorded in the Commission’s annual-return data; the data does not say whether an extension was agreed. Source: this charity’s annual returns on the Charity Commission register.

Public fundraising profile: JustGiving — City of London School Charitable Trust (matched by registered charity number).

Structured financials (annual return, FY ending 31/08/2025)

Total income
£3.4m
Total spending
£950k
Cost of raising funds
£416
Reserves (reported)
£9.1m
Employees
0

Reported reserves equal ~115.1 months of spending — in the top quarter for charities its size (median 4.7 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.3%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/08/2025£3.4m£950k
31/08/2024£1.8m£547k
31/08/2023£1.3m£287k
31/08/2022£909k£31k
31/08/2021£731k£113k

Common questions

Is THE CITY OF LONDON SCHOOL CHARITABLE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity is prepared on a going concern basis with adequate funding sources. However, the audit report highlights ongoing internal control weaknesses, including the lack of budgeting and cashflow forecasts, and issues with reconciling donation income and endowment funds. The auditors identified several material misstatements and related party disclosure failures that required adjustment. Its FY2025 accounts were audited by TC Group.

Who funds THE CITY OF LONDON SCHOOL CHARITABLE TRUST?

Funders whose own accounts filings name THE CITY OF LONDON SCHOOL CHARITABLE TRUST as a grant recipient include PRISM THE GIFT FUND, THE M AND L CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
PRISM THE GIFT FUNDFY2024£1.3mEducation
PRISM THE GIFT FUNDFY2021£270kGrants to institutions/organisations
THE M AND L CHARITABLE TRUSTFY2023£18k
THE M AND L CHARITABLE TRUSTFY2022£18k
THE M AND L CHARITABLE TRUSTFY2024£12k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
UK CHRISTIAN SCHOOLS LTD1£95k
BELMONT EXETER1£25k
THE ABDALLA FOUNDATION1£9k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with OAKHYRST GRANGE SCHOOL CIO.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE CITY OF LONDON SCHOOL CHARITABLE TRUST£3.4m—0unclear—no doubt
OAKHYRST GRANGE SCHOOL CIO FY2025£1.8m—0unclear—no doubt
LONDON CHRISTIAN SCHOOL LTD FY2025£1.6m——unclear—no doubt
LONDON EDUCATION TRUST FY2024£231k—0unclear—no doubt
ROYAL HOSPITAL SCHOOL CHARITABLE TRUST FY2025£202k—0within—no doubt
THE EXETER ICE CHARITABLE TRUST FY2025£77k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.