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THE ASSOCIATION OF SCHOOL AND COLLEGE LEADERS BENEVOLENT FUND

Registered charity 279628 · accounts filings on the Charity Commission register · also known as THE SECONDARY HEADS ASSOCIATION BENEVOLENT FUND

Distributes funds in the relief of:-Poor widows, widowers, children and dependents of deceased members and deceased former members of the Association of School and College Leaders (formerly SHA), the AHM and HMA. Poor members and former members of ASCL (formerly SHA) AHM and HMA and the spouses, children and dependents of such members. Poor retired employees of the said ASCL.

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income
£90k
Latest spending
£105k
Registered
1980
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit before investment gains of £15,083, which was offset by investment gains of £30,642 to produce a net increase in funds of £15,559. Total unrestricted reserves stood at £1,500,737, with a current account balance of £42,103 against a target of approximately £47,552 representing six months of normal expenditure.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £1.5m; policy: approximately six months’ normal expenditure)
“Six months’ normal expenditure is approximately (excluding the bad debt expense) £47,552 compared to a current account balance of £42,103.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management fees paid to ASCL
“management fees paid to ASCL of £2,838 (2023: £3,179) for time spent on the Benevolent Fund throughout the year and a donation from ASCL to the ASCL Benevolent Fund of £21,440 (2023: £19,329). At the year end, £1,770 (2023: £1,649) was owed to ASCL.” — page 15
“During the year ended 31 December 2024, the ASCL Benevolent Fund paid consultancy fees of £1,624 (2023: £6,243) to ASCL Professional Development Limited. The balance due to ASCL Professional Development Limited at 31 December 2024 was £Nil (2023: £780).” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Consultancy fees paid to ASCL Professional Development Limited
“management fees paid to ASCL of £2,838 (2023: £3,179) for time spent on the Benevolent Fund throughout the year and a donation from ASCL to the ASCL Benevolent Fund of £21,440 (2023: £19,329). At the year end, £1,770 (2023: £1,649) was owed to ASCL.” — page 15
“During the year ended 31 December 2024, the ASCL Benevolent Fund paid consultancy fees of £1,624 (2023: £6,243) to ASCL Professional Development Limited. The balance due to ASCL Professional Development Limited at 31 December 2024 was £Nil (2023: £780).” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£90k£105k
31/12/2023£203k£100k
31/12/2022£80k£95k
31/12/2021£73k£74k
31/12/2020£82k£86k

Common questions

Is THE ASSOCIATION OF SCHOOL AND COLLEGE LEADERS BENEVOLENT FUND financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit before investment gains of £15,083, which was offset by investment gains of £30,642 to produce a net increase in funds of £15,559. Total unrestricted reserves stood at £1,500,737, with a current account balance of £42,103 against a target of approximately £47,552 representing six months of normal expenditure. Its FY2024 accounts were independently examined.