QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED
Registered charity 1152032 · accounts filings on the Charity Commission register · also known as QEST
To advance the education in the United Kingdom in modern and traditional crafts and similar skills by the making of one or more grants, scholarships and prizes to individuals training in such crafts or skills.
Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a net surplus of £11,270 for the year, with total income of £1,211,301 and expenditure of £1,325,651. Per the trustees' report, free reserves were £319,073, which is below the stated policy target of £600,000, though unrestricted funds including designated funds totalled £3,949,340. The trustees confirmed that sufficient long-term and liquid resources are available to meet obligations as they fall due.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £319k; policy: six months of operating expenditure, excluding events and special project costs, assessed at £600,000)
“At 31 December 2025, the Charity’s free reserves amounted to £319,073 (2024: £10,257). While this is below the target level of £600,000, the Trustees are satisfied that the shortfall can be met, if required, through the realisation of liquid investments held within the Designated Investment Fund.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Trust owns property and granted a lease to The Royal Warrant Holders Association for 10 years which was renewed in 2023. During the year rent charged to the Royal Warrant Holders Association totalled £80,000 (2024: £80,000).
“The Trust owns property and granted a lease to The Royal Warrant Holders Association for 10 years which was renewed in 2023. During the year rent charged to the Royal Warrant Holders Association totalled £80,000 (2024: £80,000). During the year the Royal Warrant Holders Association made donations of £70,000 (2024: £40,000) to the Trust. During the year the Trust recharged the Royal Warrant Holders Association £25,757 (2024: £28,446) for services and utilities provided.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Sayer Vincent LLP. Discloses 4 of 6 completeness components.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.
Public fundraising profile: JustGiving — Queen Elizabeth Scholarship Trust (QEST) (matched by registered charity number).
Property (HM Land Registry)
1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £1.9m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/12/2025)
Cost of raising funds
£213k
Reported reserves equal ~35.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (77% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 17.6% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
Register events
- Received assets from another charity (01/03/2017) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Lisa Montaguechair
- Adrian Attwood
- Andrew Richard David Winch · trustee of 1 other charity
- Anna Catrina Hobhouse
- Christopher James Satterthwaite CBE
- Frances Priest
- Joanne Milner
- Jonathan Wright
- Robin Scott Belfield
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England And Wales
Income and spending
Common questions
Is QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a net surplus of £11,270 for the year, with total income of £1,211,301 and expenditure of £1,325,651. Per the trustees' report, free reserves were £319,073, which is below the stated policy target of £600,000, though unrestricted funds including designated funds totalled £3,949,340. The trustees confirmed that sufficient long-term and liquid resources are available to meet obligations as they fall due. Its FY2025 accounts were audited by Sayer Vincent LLP.
Who funds QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED?
Funders whose own accounts filings name QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED as a grant recipient include THE JULIA RAUSING TRUST, THE JORDAN CHARITABLE FOUNDATION, THE BRITFORD BRIDGE TRUST, STANLEY PICKER TRUST, DR RADCLIFFE'S TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with QUEEN ELIZABETH I FOUNDATION.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.