THE SOUTH SQUARE TRUST
The South Square Trust's primary objective is to assist talented young people in the UK from disadvantaged backgrounds who are taking degree-level courses in the fine and applied arts, by awarding scholarships to particular schools, colleges and institutions. Individual applications are not considered. Charities: no unsolicited requests accepted.
Objects
TO APPLY THE INCOME AND DISTRIBUTE THE CAPITAL TO SUCH CHARITIES OR FOR SUCH CHARITABLE PURPOSES AS THE TRUSTEES SHALL DETERMINE
Financial health, per its FY2024 accounts
The accounts state that the charity holds free reserves of £488,561, which aligns with the trustees' view that approximately £480,000 is needed to operate effectively. The charity reported a net gain of £282,215 for the year, driven by significant investment gains, resulting in total funds increasing to £5,288,561. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the view of the trustees that the level of free reserves should be approximately £480,000 (2023: £500,000), in order for the Charity to make current grants and operate effectively.” — page 6
“Angela Cork is the Principal of the Bishopsland Educational Trust (appointed in September 2023) where a donation was awarded during the year of £143,500.00 (2023: £18,000.00)” — page 14
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
- Risk management
- Serious incident reporting 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 31/07/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/07/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/07/2023
- Grant-making is its main activity
Register events
- Received assets from another charity (12/02/2020)
Trustees
- Christopher Paul Grimwadechair
- Andrew Charles Blessley
- Angela Margaret Cork
- Geoffrey Cale Matthews
- Richard Alexander Brand Inglis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £167k | £311k |
| 31/07/2024 | £169k | £422k |
| 31/07/2023 | £163k | £270k |
| 31/07/2022 | £169k | £258k |
| 31/07/2021 | £180k | £323k |
Common questions
Is THE SOUTH SQUARE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds free reserves of £488,561, which aligns with the trustees' view that approximately £480,000 is needed to operate effectively. The charity reported a net gain of £282,215 for the year, driven by significant investment gains, resulting in total funds increasing to £5,288,561. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Knox Cropper LLP.
Who funds THE SOUTH SQUARE TRUST?
Funders whose own accounts filings name THE SOUTH SQUARE TRUST as a grant recipient include CHELSEA ACADEMY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHELSEA ACADEMY FOUNDATION | FY2023 | £351 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JORDAN CHARITABLE FOUNDATION | 1 | £5.1m |
| THE EIGHTY EIGHT FOUNDATION | 1 | £858k |
| SISTERS OF MERCY SUNDERLAND | 1 | £210k |
| EDWARD HOLT TRUST | 1 | £10k |
| UNSEEN (UK) | 1 | £6k |
| THE MARY HOMFRAY CHARITABLE TRUST | 1 | £5k |
| EAST END COMMUNITY FOUNDATION | 1 | £5k |
| HEREFORDSHIRE COMMUNITY FOUNDATION | 1 | £4k |
Charities like this
- THE SUTTON TRUST
- THE TALENT FOUNDRY TRUST
- SIGNIFICANCE
- STUART HALL FOUNDATION
- FARNHAM SCHOOL OF SCIENCE AND ART
- DARTMOUTH STREET TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SOUTH SQUARE TRUST | £167k | — | 0 | unclear | — | no doubt |
| THE SUTTON TRUST | £7.1m | — | — | above | — | no doubt |
| THE TALENT FOUNDRY TRUST | £2.0m | — | — | within | — | no doubt |
| SIGNIFICANCE | £53k | — | 0 | unclear | — | no doubt |
| STUART HALL FOUNDATION | £228k | — | — | unclear | — | no doubt |
| FARNHAM SCHOOL OF SCIENCE AND ART | £33k | — | 0 | unclear | — | no doubt |