THE CITY AND DIOCESE OF LONDON VOLUNTARY SCHOOLS FUND
Latest income
£314k
Latest spending
£87k
Registered
1962
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £745,433, which is significantly above the stated policy target of £153,903. The charity reported a net movement in funds of £66,866 for the year, driven by investment income and rents, despite a loss on investment revaluations.
What the accounts disclose
Reserves policy: three months interest costs (held: £745k)
“For 2024-25 the agreed minimum reserve, based on three months interest costs, was £153,903.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: LDBS provides office and Administration support to City and Diocese but no value is ascribed to the provision of these services.
“The LDBS and the City and Diocese Fund are separate charities but LDBS is the sole Trustee of City and Diocese therefore they share the same Trustees. LDBS provides office and Administration support to City and Diocese but no value is ascribed to the provision of these services. The LDBS Uniform Statutory Trust has provided a mortgage, secured against the investment property, of £3.575m (2024 £3.575m) with interest being charged quarterly on the outstanding balance. The loan comprises 2 parts, there is no repayment date and the interest is payable every calendar quarter. The 1st part is a loan of £2,675,000 with no repayment date and interest is fixed at 5.47% and the 2nd part is a loan of £900,000 with no repayment date and interest is fixed at 3.00% over base rate.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- THE LONDON DIOCESAN BOARD FOR SCHOOLS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £314k | £87k |
| 31/03/2024 | £214k | £1.1m |
| 31/03/2023 | £126k | £146k |
| 31/03/2022 | £112k | £150k |
| 31/03/2021 | £280k | £334k |
Common questions
Is THE CITY AND DIOCESE OF LONDON VOLUNTARY SCHOOLS FUND financially healthy?
The accounts state that unrestricted reserves stood at £745,433, which is significantly above the stated policy target of £153,903. The charity reported a net movement in funds of £66,866 for the year, driven by investment income and rents, despite a loss on investment revaluations. Its FY2025 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SF FOUNDATION | 1 | £445k |
| THE PALOMA FOUNDATION | 1 | £300k |
| GERSON BERGER ASSOCIATION LIMITED | 1 | £105k |
| FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER | 1 | £100k |
| OLLINGHAM LIMITED | 1 | £100k |
| Y G S YESHIVA GEDOLA SEMINAR | 1 | £59k |
| SHULEM B. ASSOCIATION LIMITED | 1 | £50k |
| THE CROSS TRUST | 1 | £50k |