THE CITY OF LONDON SCHOOL CHARITABLE TRUST
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.
What the accounts disclose
“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
“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
“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
“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
“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
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (11/03/2026)
- Received assets from another charity (13/12/2024)
Trustees
- Joshua Carl Bellchair
- Aedamar Comiskey
- Alan Robert Bird
- James Thomson
- Martin Israel
- Peter Earl
- Priscilla Sellers
- Russell Jones
- Susan Elena Heller
- Timothy Levene
- Woyinemumoutimi Dorgu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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 THE M AND L CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE M AND L CHARITABLE TRUST | FY2023 | £18k |
| THE M AND L CHARITABLE TRUST | FY2024 | £12k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 1 | £1.3m |
| DELAPAGE LIMITED | 1 | £934k |
| AMABRILL LTD | 1 | £241k |
| REIFER MEMORIAL LIMITED | 1 | £135k |
| NNS FOUNDATION | 1 | £126k |
| THE HEADLEY TRUST | 1 | £119k |
| THE BENZI DUNNER SCHOOLS TRUST | 1 | £67k |
| SABENO LIMITED | 1 | £39k |