QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED
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.
Objects
1. The advancement of education in the United Kingdom in traditional and contemporary craft skills, by the making of grants, through Scholarships and Apprenticeships, to individuals training in such craft skills or by any other means; and 2. Such other exclusively charitable objects or purposes as the Trustees may in their discretion think fit.
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.
What the accounts disclose
“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
“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
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- 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
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 30
- Employees paid over £60,000: 1 (£90,001–£100,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 30
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Has a trading subsidiary
- Grant-making is its main activity
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (01/03/2017)
Trustees
- Lisa Montaguechair
- Adrian Attwood
- Andrew Richard David Winch
- Anna Catrina Hobhouse
- Christopher James Satterthwaite CBE
- Frances Priest
- Joanne Milner
- Jonathan Wright
- Robin Scott Belfield
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.2m | £1.3m |
| 31/12/2024 | £1.2m | £1.6m |
| 31/12/2023 | £976k | £1.6m |
| 31/12/2022 | £1.1m | £1.1m |
| 31/12/2021 | £1.1m | £832k |
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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JULIA RAUSING TRUST | FY2025 | £317k | QEST Julia Rausing Trust Scholarship & Apprenticeship Fund |
| THE JORDAN CHARITABLE FOUNDATION | FY2024 | £50k | |
| THE JORDAN CHARITABLE FOUNDATION | FY2025 | £50k | |
| THE BRITFORD BRIDGE TRUST | FY2022 | £30k | Primary - The advancement of education |
| STANLEY PICKER TRUST | FY2023 | £30k | Special Awards |
| THE BRITFORD BRIDGE TRUST | FY2023 | £25k | Primary |
| DR RADCLIFFE'S TRUST | FY2022 | £12k | Trustee's Discretionary Grant 2021 Bursary |
| THE D'OYLY CARTE CHARITABLE TRUST | FY2025 | £10k | Excellence in British craftsmanship scholarships |
| THE KIRBY LAING FOUNDATION | FY2023 | £10k | Education & Training |
| THE VALERIE EVELYN MORANT TRUST | FY2023 | £6k | |
| STANLEY PICKER TRUST | FY2022 | £5k | Special Awards |
| STANLEY PICKER TRUST | FY2025 | £5k | Educational Grants - Bursaries |
| DR RADCLIFFE'S TRUST | FY2024 | £5k | Trustees Discretionary Grant 2024 |
| THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT | FY2023 | £5k | Cultural Heritage |
| THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT | FY2025 | £3k | Cultural Heritage |
| THE WHELER FOUNDATION | FY2022 | £3k | |
| CHAPMAN CHARITABLE TRUST | FY2024 | £2k | |
| GOWLING WLG (UK) CHARITABLE TRUST | FY2025 | £1k | |
| GOWLING WLG (UK) CHARITABLE TRUST | FY2024 | £500 | |
| DALGLEISH TRUST | FY2024 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 12/12/2025 | £134k | "Tradition in Transition: Youth Journeys Through Heritage Craft" |
| The Mercers' Company | 22/10/2025 | £20k | Grant to The Queen Elizabeth Scholarship Trust |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FAVERSHAM MUNICIPAL CHARITIES 2010 | 1 | £2k |
Charities like this
- QUEEN ELIZABETH'S FOUNDATION
- THE ELIZABETH CREAK CHARITABLE TRUST
- QUEEN ELIZABETH'S ENDOWED SCHOOL TRUST
- QUEEN ELIZABETH I FOUNDATION
- THE EDWARD BARNSLEY EDUCATIONAL TRUST
- QUEEN ELIZABETH'S GRAMMAR SCHOOL BLACKBURN LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED | £1.2m | — | — | below | — | no doubt |
| QUEEN ELIZABETH'S FOUNDATION | £46k | — | 0 | unclear | — | no doubt |
| THE ELIZABETH CREAK CHARITABLE TRUST | £1.4m | — | 0 | above | — | no doubt |
| QUEEN ELIZABETH'S ENDOWED SCHOOL TRUST | £57k | — | 0 | unclear | — | noted |
| QUEEN ELIZABETH I FOUNDATION | £119k | — | 0 | unclear | — | no doubt |
| THE EDWARD BARNSLEY EDUCATIONAL TRUST | £564k | — | 0 | unclear | — | no doubt |