THE INNER TEMPLE SCHOLARSHIP FUND
Providing financial support to the Honourable Society of the Inner Temple to grant scholarships and other awards to its members training to become barristers.
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?
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. Its FY2025 accounts were audited by Crowe U.K. LLP.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE INNER TEMPLE SCHOLARSHIP FUND | £104k | — | 0 | below | — | no doubt |
| INNER TEMPLE BENEFACTORS SCHOLARSHIP FUND | £167k | — | 0 | below | — | no doubt |
| CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE | £720k | — | 0 | unclear | — | no doubt |
| THE GRAY'S INN SCHOLARSHIPS TRUST | £788k | — | 0 | above | — | no doubt |
| HONOURABLE SOCIETY OF GRAY'S INN TRUST FUND | £2.6m | — | — | no_policy | — | no doubt |
| INNER LONDON MAGISTRATES COURT POOR BOX | £199k | — | 0 | unclear | — | no doubt |