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THE MARGARET THATCHER SCHOLARSHIP TRUST

Registered charity 1154547 · accounts filings on the Charity Commission register · also known as MTST

Latest income
£858k
Latest spending
£818k
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £47,717 for the year, driven by charitable expenditure exceeding incoming resources, although this was offset by a significant capital gain on investments of £493,053. The trustees note that the number of scholarships awarded in future years will need to be trimmed until the endowment returns to a sustainable level of underlying growth. Despite the operational deficit, the charity holds unrestricted reserves of £189,444 and total net assets of £11,243,723.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Whereas the guidance recommends charities hold reserves sufficient to deliver at least 12 months of operations, the Trust currently has reserves of £189k and an annual operating deficit of £37k.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Amount owed to Somerville College
“At the year end the Trust owed Somerville College £587,323 (2023: £411,607). The movement in the year represents the intercompany position between the two group entities. No income or expenditure was incurred between the parties, but certain transactions were carried out by Somerville College on behalf of the Trust and remain outstanding for recharge at year end.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£858k
Total spending
£818k
Reserves (reported)
£243k
Employees
1

Reported reserves equal ~3.6 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2025£858k£818k
31/07/2024£690k£737k
31/07/2023£643k£726k
31/07/2022£542k£629k
31/07/2021£512k£519k

Common questions

Is THE MARGARET THATCHER SCHOLARSHIP TRUST financially healthy?

The accounts state that the charity reported a net deficit of £47,717 for the year, driven by charitable expenditure exceeding incoming resources, although this was offset by a significant capital gain on investments of £493,053. The trustees note that the number of scholarships awarded in future years will need to be trimmed until the endowment returns to a sustainable level of underlying growth. Despite the operational deficit, the charity holds unrestricted reserves of £189,444 and total net assets of £11,243,723. Its FY2024 accounts were audited by Crowe U.K. LLP.

Who funds THE MARGARET THATCHER SCHOLARSHIP TRUST?

Funders whose own accounts filings name THE MARGARET THATCHER SCHOLARSHIP TRUST as a grant recipient include THE MICHAEL BISHOP FOUNDATION.

Known funders

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

FunderYearAmount
THE MICHAEL BISHOP FOUNDATIONFY2023£113k
THE MICHAEL BISHOP FOUNDATIONFY2023£75k
THE MICHAEL BISHOP FOUNDATIONFY2023£38k

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 HAPPY BABY COMMUNITY1£14k

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