THE LAW SOCIETY EDUCATIONAL TRUST

Registered charity 1137234 · accounts filings on the Charity Commission register

The various funds are the result of bequests, grants and other donations made to the Law Society specifically for the purposes of promoting legal education through the award of grants and prizes to legal students.

Causes: Education/training · Get email alerts

Latest income

£126k

Latest spending

£101k

Registered

2010

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £141,880 and restricted reserves of £1,962,023, with total net assets of £2,103,903. The trustees and auditors confirm the charity is a going concern with sufficient resources to meet liabilities for at least the next 12 months. The charity reported a net income of £198,706 for the year, driven by investment gains and voluntary income.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: The Law Society paid the 2024 audit fee of £5,229 (2023: £5,166) on behalf of the Law Society Educational Trust. At the year-end 2024 there is £10,395 (2023: £10,332) outstanding to the Law Society in respect of audit fees.

“The Law Society paid the 2024 audit fee of £5,229 (2023: £5,166) on behalf of the Law Society Educational Trust. At the year-end 2024 there is £10,395 (2023: £10,332) outstanding to the Law Society in respect of audit fees. This will be invoiced to the Trust and settled in 2025.” — page 22

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP. Discloses 3 of 6 completeness components.

Register events

Received assets from another charity (06/12/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Received assets from another charity (06/12/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Received assets from another charity (06/12/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Received assets from another charity (06/12/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Received assets from another charity (06/12/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Received assets from another charity (06/12/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

THE LAW SOCIETY

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£126k	£101k
31/12/2023	£137k	£91k
31/12/2022	£115k	£86k
31/12/2021	£53k	£86k
31/12/2020	£46k	£53k

Common questions

Is THE LAW SOCIETY EDUCATIONAL TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £141,880 and restricted reserves of £1,962,023, with total net assets of £2,103,903. The trustees and auditors confirm the charity is a going concern with sufficient resources to meet liabilities for at least the next 12 months. The charity reported a net income of £198,706 for the year, driven by investment gains and voluntary income. Its FY2024 accounts were audited by BDO LLP.