THE INNER TEMPLE SCHOLARSHIP FUND
Latest income
£104k
Latest spending
£212k
Registered
1982
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity holds £7,603,946 in permanent endowment funds, with no free unrestricted reserves available at year-end. The charity reported a net loss of £350,377 for the year, driven by investment losses and charitable expenditure exceeding incoming resources. The trustees and auditors confirm the charity has adequate resources to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“There are no free unrestricted reserves at the year-end for the charity due to the nature of how the charity operates.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Inner Temple Scholarship Fund distributes the residual surplus of the restricted income fund to the Honourable Society of the Inner Temple. The fund accounted for a contribution of £132,636 towards the cost of the Inn’s scholarship awards in 2025 (2024: £77,630).
“The Inner Temple Scholarship Fund distributes the residual surplus of the restricted income fund to the Honourable Society of the Inner Temple. The fund accounted for a contribution of £132,636 towards the cost of the Inn’s scholarship awards in 2025 (2024: £77,630). The amount of £132,636 in creditors (Note 5) represents the contribution due to the Inner Temple as at 31 December 2025 (2024: £77,130), set against a donation due from the Inner Temple of £nil (2024: £500). This balance is unsecured, interest free and payable on demand.” — page 19
“The Inner Temple paid the Inner Temple Scholarship Fund’s audit fees of £4,650 ex VAT in 2025 (2024: £4,500 ex VAT).” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Inner Temple paid the Inner Temple Scholarship Fund’s audit fees of £4,650 ex VAT in 2025 (2024: £4,500 ex VAT).
“The Inner Temple Scholarship Fund distributes the residual surplus of the restricted income fund to the Honourable Society of the Inner Temple. The fund accounted for a contribution of £132,636 towards the cost of the Inn’s scholarship awards in 2025 (2024: £77,630). The amount of £132,636 in creditors (Note 5) represents the contribution due to the Inner Temple as at 31 December 2025 (2024: £77,130), set against a donation due from the Inner Temple of £nil (2024: £500). This balance is unsecured, interest free and payable on demand.” — page 19
“The Inner Temple paid the Inner Temple Scholarship Fund’s audit fees of £4,650 ex VAT in 2025 (2024: £4,500 ex VAT).” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Inner Temple Scholarship Fund contributed £13,561 to the Inner Temple Benefactors’ Scholarship Fund to meet the balance of the cost of the Peter Taylor Scholarship in 2025 (2024: £21,823).
“The Inner Temple Scholarship Fund distributes the residual surplus of the restricted income fund to the Honourable Society of the Inner Temple. The fund accounted for a contribution of £132,636 towards the cost of the Inn’s scholarship awards in 2025 (2024: £77,630). The amount of £132,636 in creditors (Note 5) represents the contribution due to the Inner Temple as at 31 December 2025 (2024: £77,130), set against a donation due from the Inner Temple of £nil (2024: £500). This balance is unsecured, interest free and payable on demand.” — page 19
“The Inner Temple paid the Inner Temple Scholarship Fund’s audit fees of £4,650 ex VAT in 2025 (2024: £4,500 ex VAT).” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- David Michael Pittaway KC
- Penelope Jane Reed KC
- THE HON MR JUSTICE NUGEE
- THE RT HON SIR STEPHEN MILES TOMLINSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £104k | £212k |
| 31/12/2024 | £103k | £164k |
| 31/12/2023 | £89k | £150k |
| 31/12/2022 | £70k | £127k |
| 31/12/2021 | £88k | £147k |
Common questions
Is THE INNER TEMPLE SCHOLARSHIP FUND financially healthy?
The accounts state that the charity holds £7,603,946 in permanent endowment funds, with no free unrestricted reserves available at year-end. The charity reported a net loss of £350,377 for the year, driven by investment losses and charitable expenditure exceeding incoming resources. The trustees and auditors confirm the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EASTWOOD PROVINCIAL ESTATES LIMITED | 1 | £295k |
| INSTITUTE FOR HIGHER RABBINICAL STUDIES | 1 | £256k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £105k |
| THE INNHOLDERS' CHARITABLE FOUNDATION | 1 | £45k |
| THE SAVOY EDUCATIONAL TRUST | 1 | £40k |
| DILLHAVEN LIMITED | 1 | £30k |
| LELOK LIMITED | 1 | £26k |
| YAGDIL EDUCATION | 1 | £18k |