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.

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.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Registered contact address: Westminster, London, England (from the postcode on the register)

Latest income
£1.2m
Latest spending
£1.3m
Registered
2013
Accounts read
FY2025

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

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

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)

Total income
£1.2m
Total spending
£1.3m
Cost of raising funds
£213k
Reserves (reported)
£3.9m
Employees
9

Reported reserves equal ~35.7 months of spending — in the top quarter for charities its size (median 4.7 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 5.3%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE JULIA RAUSING TRUSTFY2025£317kQEST Julia Rausing Trust Scholarship & Apprenticeship Fund
THE JORDAN CHARITABLE FOUNDATIONFY2024£50k
THE JORDAN CHARITABLE FOUNDATIONFY2025£50k
THE BRITFORD BRIDGE TRUSTFY2022£30kPrimary - The advancement of education
STANLEY PICKER TRUSTFY2023£30kSpecial Awards
THE BRITFORD BRIDGE TRUSTFY2023£25kPrimary
DR RADCLIFFE'S TRUSTFY2022£12kTrustee's Discretionary Grant 2021 Bursary
THE D'OYLY CARTE CHARITABLE TRUSTFY2025£10kExcellence in British craftsmanship scholarships
THE KIRBY LAING FOUNDATIONFY2023£10kEducation & Training
THE VALERIE EVELYN MORANT TRUSTFY2023£6k
STANLEY PICKER TRUSTFY2022£5kSpecial Awards
STANLEY PICKER TRUSTFY2025£5kEducational Grants - Bursaries
DR RADCLIFFE'S TRUSTFY2024£5kTrustees Discretionary Grant 2024
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2023£5kCultural Heritage
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2025£3kCultural Heritage
THE WHELER FOUNDATIONFY2022£3k
CHAPMAN CHARITABLE TRUSTFY2024£2k
GOWLING WLG (UK) CHARITABLE TRUSTFY2025£1k
GOWLING WLG (UK) CHARITABLE TRUSTFY2024£500
DALGLEISH TRUSTFY2024amount not stated

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund12/12/2025£134k"Tradition in Transition: Youth Journeys Through Heritage Craft"
The Mercers' Company22/10/2025£20kGrant to The Queen Elizabeth Scholarship Trust

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.

FunderSimilar charities fundedAmount to them
THE FAVERSHAM MUNICIPAL CHARITIES 20101£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with QUEEN ELIZABETH'S FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
QUEEN ELIZABETH SCHOLARSHIP TRUST LIMITED£1.2m——below—no doubt
QUEEN ELIZABETH'S FOUNDATION FY2025£46k—0unclear—no doubt
THE ELIZABETH CREAK CHARITABLE TRUST FY2025£1.4m—0above—no doubt
QUEEN ELIZABETH'S ENDOWED SCHOOL TRUST FY2025£57k—0unclear—noted
QUEEN ELIZABETH I FOUNDATION FY2025£119k—0unclear—no doubt
THE EDWARD BARNSLEY EDUCATIONAL TRUST FY2025£564k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.