THE UNIVERSITY OF WESTMINSTER PRIZE AND SCHOLARSHIP FUND
The object of the Trust is the advancement of education by the awarding of prizes and scholarships tenable at the University of Westminster. The trust achieves its object by raising income through investments and donations.
Objects
(1) THE OBJECT OF THE FUND IS THE ADVANCEMENT OF EDUCATION BY THE AWARDING OF PRIZES AND SCHOLARSHIPS TENABLE AT THE UNIVERSITY OF WESTMINSTER. (2) THE TRUSTEES MAY MAKE RULES (WHICH MUST BE CONSISTENT WITH THIS SCHEME) FOR THE AWARD AND TERMS OF THE PRIZES AND SCHOLARSHIPS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net loss of £10,677 for the year ended 31 July 2025, resulting in a decrease in total funds. Despite this loss, the total fund balances carried forward increased to £929,506 due to transfers between funds and previous balances.
What the accounts disclose
Policies the charity declares
- 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
- Trustee conflicts of interest policy and procedures
Trustees
- THE UNIVERSITY OF WESTMINSTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £77k | £0 |
| 31/07/2024 | £68k | £42k |
| 31/07/2023 | £38k | £1.7m |
| 31/07/2022 | £18k | £66k |
| 31/07/2021 | £17k | £1k |
Common questions
Is THE UNIVERSITY OF WESTMINSTER PRIZE AND SCHOLARSHIP FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net loss of £10,677 for the year ended 31 July 2025, resulting in a decrease in total funds. Despite this loss, the total fund balances carried forward increased to £929,506 due to transfers between funds and previous balances. Its FY2025 accounts were audited by KPMG LLP.