THE LAW SOCIETY EDUCATIONAL TRUST
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.
Objects
1 TO ADVANCE LEGAL EDUCATION, INCLUDING, BUT WITHOUT LIMITATION, OF PERSONS WHO ARE OR WISH TO BECOME SOLICITORS AND BY THE PROVISION OF BURSARIES, SCHOLARSHIPS AND PRIZES AND OTHER GRANTS FOR PERSONS WHO WISH TO BECOME SOLICITORS IN ENGLAND WALES; AND2 TO PROMOTE THE SOUND ADMINISTRATION OF THE LAW, INCLUDING, BUT WITHOUT LIMITATION, BY THE PROVISION OF CONTINUED PROFESSIONAL DEVELOPMENT TRAINING TO PERSONS WHO ARE SOLICITORS IN ENGLAND AND WALES
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.
What the accounts disclose
“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
Policies the charity declares
- Investment
Register events
- Received assets from another charity (06/12/2013)
- Received assets from another charity (06/12/2013)
- Received assets from another charity (06/12/2013)
- Received assets from another charity (06/12/2013)
- Received assets from another charity (06/12/2013)
- Received assets from another charity (06/12/2013)
Trustees
- THE LAW SOCIETY
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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE A B CHARITABLE TRUST | 1 | £570k |
| TRUST FOR LONDON | 1 | £250k |
| THE BARROW CADBURY TRUST | 1 | £60k |
| THE STEWARTS LAW FOUNDATION | 1 | £33k |
| THE HAPPY BABY COMMUNITY | 1 | £28k |
| MILLS AND REEVE CHARITABLE TRUST | 1 | £3k |
| BEIS KOSOV | 1 | £2k |
Charities like this
- THE LAW SOCIETY CHARITY
- THE SOCIETY OF LEGAL SCHOLARS IN THE UNITED KINGDOM AND IRELAND
- THE SUTASOMA TRUST
- THE LEGAL EDUCATION FOUNDATION
- BEDINGFIELD'S TRUST
- HONOURABLE SOCIETY OF GRAY'S INN TRUST FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LAW SOCIETY EDUCATIONAL TRUST | £126k | — | 0 | unclear | — | no doubt |
| THE LAW SOCIETY CHARITY | £111k | — | 0 | unclear | — | no doubt |
| THE SOCIETY OF LEGAL SCHOLARS IN THE UNITED KINGDOM AND IRELAND | £304k | — | 0 | above | — | no doubt |
| THE SUTASOMA TRUST | £134k | — | 0 | unclear | — | no doubt |
| THE LEGAL EDUCATION FOUNDATION | £6.3m | — | — | unclear | — | no doubt |
| BEDINGFIELD'S TRUST | £119k | — | 0 | unclear | — | no doubt |