CITY OF LONDON FREEMEN'S SCHOOL BURSARY FUND
The aims of the City of London Freemen's School Bursary Fund are to contribute towards the fees payable to the school by pupils who would be unable to continue education at the school without financial assistance or who would be unable to commence education at the school despite being accepted.
Objects
THE OBJECT OF THE CHARITY IS THE PROMOTION OF EDUCATION (INCLUDING PHYSICAL TRAINING) BY THE PROVISION OF BURSARIES AND OTHER FORMS OF FINANCIAL ASSISTANCE FOR FEES AND/OR OTHER COSTS INCURRED THROUGH ATTENDANCE AT THE SCHOOL TO ENABLE PUPILS TO FURTHER THEIR EDUCATION AT THE SCHOOL BY FOR EXAMPLE PROVIDING FINANCIAL ASSISTANCE TO THOSE WHO(1) WOULD NOT BE ABLE TO ENTER THE SCHOOL HAVING BEEN ACCEPTED; OR(2) HAVING COMMENCED EDUCATION AT THE SCHOOL WOULD NOT BE ABLE TO CONTINUE THEIR EDUCATION AT THE SCHOOL.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves stood at £259,481, which is above the stated minimum policy target of £10,000. The charity reported a net decrease in total funds of £21,004 for the year, driven by charitable expenditure exceeding income and investment gains.
What the accounts disclose
“Voluntary income amounting to £81,008 (2023/24: £67,412) was raised in 24/25, with further income from managed investments of £54,605 (2023/24: £44,925) and £15,085 (2023/24: £15,661) of interest from cash balances held.” — page 7
“The trustee believes that an amount of at least £10,000 should be held at present to meet future working capital needs, representing 12 months of administration expenses and independent examination fees.” — page 8
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
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 31/03/2022 (received 08/05/2023, 97 days after the 31/01/2023 due date).
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £151k | £280k |
| 31/03/2024 | £128k | £185k |
| 31/03/2023 | £113k | £30k |
| 31/03/2022 | £174k | £43k |
| 31/03/2021 | £269k | £37k |
Common questions
Is CITY OF LONDON FREEMEN'S SCHOOL BURSARY FUND financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves stood at £259,481, which is above the stated minimum policy target of £10,000. The charity reported a net decrease in total funds of £21,004 for the year, driven by charitable expenditure exceeding income and investment gains. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIR ANDREW JUDD FOUNDATION | 1 | £4.1m |
| THE TONBRIDGE SCHOOL FOUNDATION | 1 | £1.3m |
Charities like this
- GUILD OF FREEMEN OF THE CITY OF LONDON'S CHARITY
- CLS BURSARY AND AWARDS FUND
- CITY OF LONDON SCHOOL WAR MEMORIAL FUND
- FREEMEN'S SCHOOL ASSOCIATION 2012
- SIR WILLIAM BOREMAN'S FOUNDATION
- THE BOLTON SCHOOL BURSARY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CITY OF LONDON FREEMEN'S SCHOOL BURSARY FUND | £151k | — | 0 | above | — | no doubt |
| GUILD OF FREEMEN OF THE CITY OF LONDON'S CHARITY | £52k | — | — | unclear | — | no doubt |
| CLS BURSARY AND AWARDS FUND | £167k | — | 0 | above | — | no doubt |
| CITY OF LONDON SCHOOL WAR MEMORIAL FUND | £28k | — | 0 | unclear | — | no doubt |
| FREEMEN'S SCHOOL ASSOCIATION 2012 | £68k | — | 0 | above | — | no doubt |
| SIR WILLIAM BOREMAN'S FOUNDATION | £157k | — | 0 | above | — | no doubt |