DULWICH COLLEGE
The advancement of education of children for the benefit of the public by: a) the conduct at Dulwich of a day and boarding school for boys which may include a preparatory department, and if thought fit, the provision of a pre-preparatory school for boys and girls; and b) the provision and support of other educational institutions and activities in Dulwich and elsewhere in the United Kingdom.
Financial health, per its FY2025 accounts
The accounts state that the College's total funds increased to £146.9m, although free reserves fell to a negative £1.3m due to significant transfers to endowment funds. The trustees report that the College is in a strong financial position to meet its future plans and commitments, supported by the repayment of external loans and the removal of a pension scheme deficit. The audit opinion confirms the financial statements give a true and fair view.
What the accounts disclose
“The College has two wholly owned trading subsidiaries, Dulwich College Enterprises Limited (“DCE”) and Dulwich College Enterprises Overseas Limited (“DCEO”).” — page 51
Corporate structure
- Trading subsidiary: DULWICH COLLEGE ENTERPRISES LIMITED Companies House 03039344
- Trading subsidiary: DULWICH COLLEGE ENTERPRISES OVERSEAS LIMITED Companies House 06294794
- Registered company of the charity Companies House 08208764
- Turnover: £5.2m
- Profit before tax: £188k
- Donated/gift-aided to the charity: £314k
- Creditors include £733,528 owed to group undertakings (2024: £411,420).
“Donation to parent under Gift Aid - (314,362)”
Leadership, per the charity’s website
- Mr Robert Milne — Master
Funders the charity credits
Company officers (Companies House)
- SUTCLIFFE, Jayne Allison on trustee list
- CALLAGHAN, Edward David Fitzgerald on trustee list
- VICARY-SMITH, Peter David on trustee list
- KENNEDY, Fionnuala on trustee list
- TEYTELBOYM, Alexander, Dr on trustee list
- BINKA, Fred Dzidzor on trustee list
- CHRISTAKIS, Kirsty Andrea Jane not on trustee list
- DEAN, Benjamin on trustee list
- POLLI, Catherine Helen on trustee list
- RAMADHAN, Malik Jonathan Khatib, Dr on trustee list
- KERR, Howard Robert not on trustee list
- FOWLER, Karen Mary not on trustee list
- HANNA, Randa on trustee list
- PARFITT, David John on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Benjamin Stephen DEAN
- Catherine Helen Polli
- DAVID JOHN PARFITT
- Dr Alexander Teytelboym
- Dr Malik Jonathan Ramadhan
- Edward Callaghan
- Fionnuala Kennedy
- Fowler Karen Mary
- Fred Dzidzor BINKA
- Howard Robert Kerr BA, MBA
- Jayne Sutcliffe
- Kirsty Rutter
- Peter Vicary-Smith
- Randa Hanna
- Ranjit Murugason
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £59.4m | £61.1m |
| 31/07/2024 | £57.3m | £53.7m |
| 31/07/2023 | £52.8m | £49.4m |
| 31/07/2022 | £48.4m | £46.9m |
| 31/07/2021 | £44.4m | £43.6m |
Common questions
Is DULWICH COLLEGE financially healthy?
Per its FY2025 accounts: The accounts state that the College's total funds increased to £146.9m, although free reserves fell to a negative £1.3m due to significant transfers to endowment funds. The trustees report that the College is in a strong financial position to meet its future plans and commitments, supported by the repayment of external loans and the removal of a pension scheme deficit. The audit opinion confirms the financial statements give a true and fair view. Its FY2025 accounts were audited by HaysMac LLP.
Who funds DULWICH COLLEGE?
Funders whose own accounts filings name DULWICH COLLEGE as a grant recipient include BC Partners Foundation, THE INTERNATIONAL BANKERS CHARITABLE TRUST, THE TIMOTHY FRANEY CHARITABLE FOUNDATION, THE WORSHIPFUL COMPANY OF ACTUARIES CHARITY, QUADSTAR CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| BC Partners Foundation | FY2022 | £225k | |
| BC Partners Foundation | FY2021 | £43k | |
| THE INTERNATIONAL BANKERS CHARITABLE TRUST | FY2024 | £12k | WCIB Lord George Scholarship |
| THE INTERNATIONAL BANKERS CHARITABLE TRUST | FY2023 | £11k | WCIB Lord George Scholarship |
| THE INTERNATIONAL BANKERS CHARITABLE TRUST | FY2025 | £11k | WCIB Lord George Scholarship |
| THE INTERNATIONAL BANKERS CHARITABLE TRUST | FY2022 | £11k | WCIB Lord George Scholarship |
| THE TIMOTHY FRANEY CHARITABLE FOUNDATION | FY2025 | £10k | |
| THE WORSHIPFUL COMPANY OF ACTUARIES CHARITY | FY2024 | £7k | Maths and actuarial science education |
| THE WORSHIPFUL COMPANY OF ACTUARIES CHARITY | FY2025 | £5k | Maths and actuarial science education |
| QUADSTAR CHARITABLE FOUNDATION | FY2022 | £5k | provision of a bursary for education in the UK |
| THE TIMOTHY FRANEY CHARITABLE FOUNDATION | FY2023 | £2k | |
| THE TIMOTHY FRANEY CHARITABLE FOUNDATION | FY2024 | £2k | |
| BC Partners Foundation | FY2023 | £150 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Leathersellers' Foundation | 1 | £779k |
| COLFE'S CHARITABLE TRUST | 1 | £158k |
Charities like this
- Dulwich Prep & Senior
- THE DULWICH SCHOOL CRANBROOK
- ALLEYN'S SCHOOL
- COLFE'S SCHOOL
- PANGBOURNE COLLEGE LIMITED
- LANCING COLLEGE PREPARATORY SCHOOL AT WORTHING LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| DULWICH COLLEGE | £59.4m | — | — | unclear | — | no doubt |
| Dulwich Prep & Senior | £18.4m | — | — | unclear | — | no doubt |
| THE DULWICH SCHOOL CRANBROOK | £8.3m | — | — | unclear | — | no doubt |
| ALLEYN'S SCHOOL | £38.2m | — | — | unclear | — | no doubt |
| COLFE'S SCHOOL | £27.7m | — | — | above | — | no doubt |
| PANGBOURNE COLLEGE LIMITED | £12.6m | £160,001 - £170,000 | — | unclear | — | no doubt |