Finance Score: -1

Governance Score: -1

Support Score: 3

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

No conflicts policy: -1

Gov Income
Grant maker support: +3

Overall GiG Score: 1

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.

Analysis by Giving is Great

Positives:

The charity has received Government grants
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
One or more trustees receive benefits from the charity

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/07/22		£19,183	£19,337	£-154	£0	£4,616	£4,185	2.6	167
31/07/21		£18,315	£17,440	£875	£0	£4,641	£4,157	2.9	160
31/07/20		£16,025	£18,267	£-2,242	£0	£2,941	£2,515	1.7	171
31/07/19		£16,922	£18,088	£-1,166	£0	£5,612	£4,961	3.3	179
31/07/18		£16,139	£16,594	£-455	£0	£6,670	£5,732	4.1	170
31/07/17		£14,073	£15,955	£-1,882	£0	£6,933	£5,760	4.3	167
31/07/16	*	£13,996	£16,072	£-2,076	£0	£8,258	£6,947	5.2	158
31/07/15		£13,671	£15,603	£-1,932	£99	£9,861	£8,421	6.5	152
31/07/14		£15,048	£14,848	£200	£99	£11,485	£10,052	8.1	149
31/07/13		£13,099	£14,405	£-1,306	£102	£10,921	£9,453	7.9	153
31/07/12		£13,523	£13,721	£-198	£74	£11,427	£10,193	8.9	147
31/07/11		£13,757	£13,910	£-153	£70	£11,696	£10,352	8.9	152
31/07/10		£14,339	£14,573	£-234	£68	£7,676	£6,331	5.2	152
31/07/09?		£6,836	£8,452	£-1,616	£56	£8,178	£6,895	9.8	156
31/12/08		£15,056	£16,473	£-1,417	£81	£12,551	£11,251	8.2	168
31/12/07		£17,445	£15,725	£1,720	£74	£17,072	£15,376	11.7	162
31/12/06		£15,606	£14,588	£1,018	£0	£0	£0	n/a	0
31/12/05		£14,747	£14,612	£135	£0	£0	£0	n/a	0
31/12/04		£15,513	£15,237	£276	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 0.1%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 54%
Liabilities/Income: 28%
Unrestricted Funds/Total Funds: 91%
Reserves/Spending: 2.6 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.6

Asset Split ?

Established: 37 years
(54 years as a company)

www.lfbf.org.uk

enquiries@lfbf.org.uk

01227818609

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Business and employers associations

How it operates

Makes Grants to Organisations
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Other Defined Groups
The General Public/Mankind

Who works here?

167 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

BINTA DARBOE Appointed: 2020

SHELLEY DOOREY-WILLIAMS Appointed: 2018

ARJAN VAN DEN BERKMORTEL Appointed: 2019

DAVID KENNEDY Appointed: 2015

PAUL GORDON Appointed: 2019

PROFESSOR STEVEN HABERMAN (Chair) Appointed: 2017

PHILIP O'SHEA Appointed: 2018

SABRINA DEL PRETE Appointed: 2019

Legal constitution

Charity registered in England & Wales on 29/06/1987, number: 297107
Registered at Companies House on 01/01/1970, number: RC000719

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR16: 33 days late,

Recent reorganisation events:

Asset transfer in from CENTRE FOR THE STUDY OF FINANCIAL INNOVATION on 11/07/2023

Main office

The London Institute of Banking & F
8th Floor, Peninsular House
36 Monument Street
London
EC3R 8LJ

Objectives

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

Defined Area of Benefit:

NOT DEFINED

Data Sources