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.
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
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 |
|---|---|---|
| CLAN TRUST LIMITED | 1 | £14k |
| THE MILLICHOPE FOUNDATION | 1 | £8k |
| CLA CHARITABLE TRUST | 1 | £7k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £3k |
Charities like this
- THE THOMAS SQUIRE CHARITY
- W F SOUTHALL TRUST
- THE CHARLES WALLACE INDIA TRUST
- JAMES SQUARE PLYMOUTH LIMITED
- HARPER ADAMS UNIVERSITY DEVELOPMENT TRUST
- SR & PH Southall 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 THOMAS SQUIRE CHARITY | £166k | — | 0 | unclear | — | no doubt |
| W F SOUTHALL TRUST | £286k | — | 0 | within | — | no doubt |
| THE CHARLES WALLACE INDIA TRUST | £288k | — | 0 | unclear | — | no doubt |
| JAMES SQUARE PLYMOUTH LIMITED | £1.9m | — | 0 | unclear | — | no doubt |
| HARPER ADAMS UNIVERSITY DEVELOPMENT TRUST | £412k | — | 0 | within | — | no doubt |