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THE INDEPENDENT SCHOOLS' BURSARS ASSOCIATION

Registered charity 1121757 · accounts filings on the Charity Commission register

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Latest income
£3.9m
Latest spending
£3.9m
Registered
2007
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves of £1,751,452 were below the stated policy target range of £1,796,848 to £2,073,286. Despite a net outgoing resource of £33,929 driven by significant overspending on advice and guidance, the charity reports strong cash flow forecasts and sufficient reserves to continue operations without interruption.

What the accounts disclose

Highest-paid employee band: £190,001 - £200,000 — above the 90th percentile for charities its size (median £70k)
“£190,001 - £200,000 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“The ISBA Group’s current free reserves are £1,751,452 which is £45,396 below the set range.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management charge from subsidiary
“The Deed of Covenant payment of £1,215,704 (2023: £1,073,142) and the management charge of £483,709 (2023: £471,104) totalling £1,699,413 (2023: £1,544,246), will be paid to ISBA.” — page 25
“A management charge of £53,628 (2023: £90,292) has been eliminated upon consolidation.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management charge from subsidiary
“The Deed of Covenant payment of £1,215,704 (2023: £1,073,142) and the management charge of £483,709 (2023: £471,104) totalling £1,699,413 (2023: £1,544,246), will be paid to ISBA.” — page 25
“A management charge of £53,628 (2023: £90,292) has been eliminated upon consolidation.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee expenses
“The Deed of Covenant payment of £1,215,704 (2023: £1,073,142) and the management charge of £483,709 (2023: £471,104) totalling £1,699,413 (2023: £1,544,246), will be paid to ISBA.” — page 25
“A management charge of £53,628 (2023: £90,292) has been eliminated upon consolidation.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: ISBA Enterprises Limited, ISBA Recruitment Limited
“ISBA has two wholly owned trading subsidiaries, ISBA Enterprises Limited and ISBA Recruitment Limited.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.9m
Total spending
£3.9m
Cost of raising funds
£434k
Reserves (reported)
£1.8m
Employees
19

Reported reserves equal ~5.4 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Argentina · Australia · Brazil · China · Egypt · Greece · Guernsey · Hong Kong · Ireland · Isle Of Man · Japan · Jersey

Income and spending

Financial year endIncomeSpending
31/12/2024£3.9m£3.9m
31/12/2023£3.4m£3.0m
31/12/2022£2.7m£2.5m
31/12/2021£2.8m£2.2m
31/12/2020£986k£1.8m

Common questions

Is THE INDEPENDENT SCHOOLS' BURSARS ASSOCIATION financially healthy?

The accounts state that free reserves of £1,751,452 were below the stated policy target range of £1,796,848 to £2,073,286. Despite a net outgoing resource of £33,929 driven by significant overspending on advice and guidance, the charity reports strong cash flow forecasts and sufficient reserves to continue operations without interruption. Its FY2024 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of THE INDEPENDENT SCHOOLS' BURSARS ASSOCIATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £190,001 - £200,000 band.