THE INNS OF COURT AND THE BAR EDUCATIONAL TRUST
ICBET's objectives are achieved through the award of grants and the Trust holds funds to be applied in the support of education and training for the Bar. In particular, its funds are designed to support the activities of organisations engaged in the further education of pupils and young and recently qualified barristers.
Objects
THE OBJECTS OF THE CHARITY ARE FOR THE BENEFIT OF THE PUBLIC TO FURTHER THE DUE ADMINISTRATION OF JUSTICE AND TO ADVANCE LEGAL EDUCATION IN EACH CASE BY THE PROVISION OF EDUCATION AND TRAINING TO STUDENTS ASPIRING TO BE CALLED TO THE BAR OF ENGLAND AND WALES OR PERSONS WHO HAVING BEEN SO CALLED ARE IN PUPILLAGE OR WHO HAVE HELD A PRACTISING CERTIFICATE FOR THREE YEARS OR LESS AND ACCORDINGLY ARE IN NEED OF FURTHER EDUCATION.
Financial health, per its FY2024 accounts
The accounts state that the charity holds total unrestricted reserves of £189,675, which the Trustees consider sufficient to cover annual running costs of approximately £100,000. The charity relies on investment income, which generated £62,578 in the year, to fund charitable grants totaling £119,670. The Trustees note that sustaining current grant levels may eventually require dipping into unrestricted accumulated capital funds.
What the accounts disclose
“The Trustees consider it prudent to retain sufficient reserves to cover the annual costs of running the Charity which are approximately £100,000.” — page 5
Policies the charity declares
- 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
Trustees
- Duncan Henry Rowland Matthews KCchair
- Benjamin Wood
- Colin Edelman KC
- EDWARD FRANCIS COUSINS
- HHJ Lynn Margaret Tatyon KC
- Imran Benson
- Kiril Waite
- Mr Justice Martin Alexander Griffiths
- William East
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £63k | £147k |
| 31/12/2023 | £53k | £118k |
| 31/12/2022 | £55k | £99k |
| 31/12/2021 | £59k | £113k |
| 31/12/2020 | £54k | £97k |
Common questions
Is THE INNS OF COURT AND THE BAR EDUCATIONAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total unrestricted reserves of £189,675, which the Trustees consider sufficient to cover annual running costs of approximately £100,000. The charity relies on investment income, which generated £62,578 in the year, to fund charitable grants totaling £119,670. The Trustees note that sustaining current grant levels may eventually require dipping into unrestricted accumulated capital funds. Its FY2024 accounts were audited by Lubbock Fine LLP.