The London Foundation for Banking & Finance

Registered charity 297107 · accounts filings on the Charity Commission register · Wikidata: Q16846445 · Wikipedia · also known as IFS SCHOOL OF FINANCE, IFS UNIVERSITY COLLEGE, THE CHARTERED INSTITUTE OF BANKERS, THE LONDON INSTITUTE OF BANKING & FINANCE

We exist to help students from around the world access industry-leading financial education by providing a range of scholarships, bursaries and grants. Our aim is to remove barriers to entry into the sector and support students from different backgrounds who wish to further their knowledge and experience. We also recognise the highest level of professional competence by awarding chartered status.

Objects

THE ADVANCEMENT OF KNOWLEDGE OF AND EDUCATION IN FINANCIAL SERVICES AS THE BOARD OF GOVERNORS MAY DETERMINE FROM TIME TO TIME AND TO CARRY OUT RESEARCH AND PUBLISH THE USEFUL RESULTS OF SUCH RESEARCH FOR THE BENEFIT OF THE PUBLIC

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: City of London, London, England (from the postcode on the register)

Financial health, per its FY2025 accounts

The accounts state that the charity held total funds of £17.4m at 31 July 2025, comprising £16.9m in unrestricted reserves and £0.5m in restricted funds. Per the trustees' report, these reserves are considered significant and sufficient to finance charitable activities for a number of years, with the charity reporting a surplus for the year of £328,239.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by Menzies LLP. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Complaints handling
• 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
• Paying staff
• Risk management
• Safeguarding vulnerable beneficiaries
• 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)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Source: this charity’s annual returns on the Charity Commission register.

Corporate structure

• Registered company of the charity Companies House RC000719

Structured financials (annual return, FY ending 31/07/2025)

Per its annual return, largest income source: Investments (90% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

• Received assets from another charity (11/07/2023) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

• BINTA DARBOE
• Gajaan Sugumar
• Mohammad Mursaleen Rehman Puri
• Quentin Garrett Nason · trustee of 1 other charity
• SABRINA DEL PRETE
• Stephanie Louise Mensah
• Stephen Andrew Mann
• Steven Jeffrey Darrington
• Susan Jane Primmer

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

Operates in: Throughout England And Wales

Income and spending

Common questions

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Lloyd's of London Foundation.

• Lloyd's of London Foundation income £7.3m
• QUALITY STUDIES income £303k
• LEAGUE FOOTBALL EDUCATION income £12.7m
• CENTRE FOR LONDON income £645k
• LONDON EDUCATION FOUNDATION income £474k
• LONDON COLLEGE OF BUSINESS STUDIES income £1.9m

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.