Voluntary funds: what can they be used for?

Read guidance from the Charity Commission and our education experts on using voluntary funds. See examples of how schools use their funds, including cases where the school is registered as a charitable organisation.

Last reviewed on 18 August 2025
School types: AllSchool phases: AllRef: 45543
Contents
  1. Check with your LA or the DfE for the rules
  2. Advice for schools with charitable status
  3. AP academies can hold voluntary funds, but PRUs cannot
  4. Converting to academy status: what happens to the fund?
  5. Schools with registered funds: examples 
  6. Use of the voluntary fund: example

Non-public funds might be called something else in your school – for example:

  • Private funds
  • School funds
  • Unofficial funds
  • Governors’ funds

For ease, we’re using ‘voluntary funds’ in this article.

Check with your LA or the DfE for the rules

Maintained schools should check with their local authority (LA) for guidance on spending their voluntary funds. A representative from the Department for Education (DfE) told us this.

Academies should contact the DfE for guidance if they have specific questions about how the funds should be spent.

Generally speaking, voluntary funds in schools should be stored securely, accounted for separately from the main school budget, and managed with clear procedures for both income and expenditure. They should be treated as public money and subject to regular audits; however, the rules may vary depending on your LA/ academy trust so be sure to check your own rules. 

There's no central rule on spending voluntary funds, but any