SION COLLEGE

Registered charity 306142 · accounts filings on the Charity Commission register

Latest income
£160k
Latest spending
£164k
Registered
1963
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a net decrease in funds of £395,241 for the year ended 31 December 2022, driven by a net loss on investments of £363,692 and an operating deficit of £31,549. Total net assets decreased to £4,288,244, with all funds remaining unrestricted. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: at least enough to generate sufficient income for planned activities in the coming year and to produce annually a budget based upon the forecast income (held: £4.3m)
It is the policy of the College to maintain unrestricted funds that are at least enough to generate sufficient income for planned activities in the coming year and to produce annually a budget based upon the forecast income. — page 12
Per its FY2022 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£160k£164k
31/12/2023£153k£168k
31/12/2022£158k£190k
31/12/2021£142k£137k
31/12/2020£133k£152k

Common questions

Is SION COLLEGE financially healthy?

The accounts state that the charity reported a net decrease in funds of £395,241 for the year ended 31 December 2022, driven by a net loss on investments of £363,692 and an operating deficit of £31,549. Total net assets decreased to £4,288,244, with all funds remaining unrestricted. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2022 accounts were independently examined.

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