BISHOP LANEY'S CHARITY
Offers grants for young people in the Soham and Ely area to assist with their degree or apprenticeship.Must be under 25 when first applying.
Objects
THE RENTS AND PROFITS OF THE FOUNDATION TO BE EMPLOYED IN PUTTING OUT APPRENTICES TO SOME HONEST TRADE THE CHILDREN OF THE POOR INHABITANTS OF THE BENEFICIAL AREA, BUT IF THE INCOME CANNOT BE USEFULLY APPLIED IN APPRENTICING, THEN THE NET INCOME SHALL BE APPLIED IN ONE OR MORE OF THE FOLLOING WAYS:- (A) IN PROVIDINGFINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ENABLE BENEFICIARIES ON LEAVING SCHOOL, UNIVERSITY, OR OTHER EDUCATIONAL ESTABLISHMENT, PREPARE FOR, OR ASSIST THEIR ENTRY INTO A PROFESSION, TRADE OR CALLING; (B) IN AWARDING EXHIBITION OR GRANTS TENABLE AT ANY SECONDARY SCHOOL, COLLEGE OF EDUCATION, UNIVERSITY OR OTHER ISTITUTION OF FUTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION; AND (C) IN OTHERWISE PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OR BENEFICIARIES. BENEFICIARIES MEANS YOUNG PERSONS WHO HAVE NOT ATTAINED THE AGE OF 25 YEARS WHO ARE RESIDENT IN THE BENEFICIAL AREA.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total funds of £8,918,396, comprising an expendable endowment fund of £8,598,376 and unrestricted funds of £320,020. The trustees maintain a minimum unrestricted reserve of £75,000 based on 12 months of expenditure, which is well above the stated policy target. The charity reports adequate resources to continue in operational existence for at least twelve months with no material uncertainties.
What the accounts disclose
“as best practice, a minimum level of £75,000 is kept in an easy access bank account, based on 12 months expenditure”
“During the year, one such grant valued at £400 was given to the granddaughter of Geoff Fisher, a trustee (2024 - £400). There were no other related party transactions or balances during the current and previous financial years.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events 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
Trustees
- HAMISH CHARLES HENRY ROSSchair
- BRIAN MARK ASHTON
- Elisabeth Every
- GEOFFREY FISHER
- Iain Sutherland
- Thomas Clarke
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 25/03/2025 | £91k | £107k |
| 25/03/2024 | £305k | £88k |
| 25/03/2023 | £281k | £72k |
| 25/03/2022 | £279k | £74k |
| 25/03/2021 | £173k | £73k |
Common questions
Is BISHOP LANEY'S CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total funds of £8,918,396, comprising an expendable endowment fund of £8,598,376 and unrestricted funds of £320,020. The trustees maintain a minimum unrestricted reserve of £75,000 based on 12 months of expenditure, which is well above the stated policy target. The charity reports adequate resources to continue in operational existence for at least twelve months with no material uncertainties. Its FY2025 accounts were independently examined.