CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE
THE AWARD OF SCHOLARSHIPS TO INTENDING PRACTITIONERS AT THE BAR OF ENGLAND AND WALES
Financial health, per its FY2024 accounts
The accounts state that free reserves are maintained at a minimum level, with unrestricted income funds of £5.51 million held to support scholarship awards and administration. The trustees note that scholarship awards are generally equal to the value of income generated or received each year, meaning further growth requires additional fundraising or increased support from the Inn.
What the accounts disclose
“The trustees hold reserves to ensure that day-to-day administration costs can be funded internally for a period up to 12 months into the future.” — page 7
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andrew Phillip Burns KC
- Evan Price
- HHJ Tony Alan Walter Baumgartner
- Jessica Margaret Poppaea Simor KC
- Louise Clare McCullough
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £720k | £1.6m |
| 31/12/2023 | £1.1m | £1.1m |
| 31/12/2022 | £1.1m | £1.3m |
| 31/12/2021 | £2.9m | £1.4m |
| 31/12/2020 | £2.9m | £1.2m |
Common questions
Is CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE financially healthy?
Per its FY2024 accounts: The accounts state that free reserves are maintained at a minimum level, with unrestricted income funds of £5.51 million held to support scholarship awards and administration. The trustees note that scholarship awards are generally equal to the value of income generated or received each year, meaning further growth requires additional fundraising or increased support from the Inn. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE INNER TEMPLE SCHOLARSHIP FUND | 1 | £51k |
| THE SASTA FOUNDATION | 1 | £30k |
Charities like this
- THE INNER TEMPLE SCHOLARSHIP FUND
- INNER TEMPLE BENEFACTORS SCHOLARSHIP FUND
- THE GRAY'S INN SCHOLARSHIPS TRUST
- WHITWORTH SCHOLARSHIP'S FUND
- HONOURABLE SOCIETY OF GRAY'S INN TRUST FUND
- READING BLUE COAT AND ARCHBISHOP LAUD CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE | £720k | — | 0 | unclear | — | no doubt |
| THE INNER TEMPLE SCHOLARSHIP FUND | £104k | — | 0 | below | — | no doubt |
| INNER TEMPLE BENEFACTORS SCHOLARSHIP FUND | £167k | — | 0 | below | — | no doubt |
| THE GRAY'S INN SCHOLARSHIPS TRUST | £788k | — | 0 | above | — | no doubt |
| WHITWORTH SCHOLARSHIP'S FUND | £234k | — | 0 | above | — | no doubt |
| HONOURABLE SOCIETY OF GRAY'S INN TRUST FUND | £2.6m | — | — | no_policy | — | no doubt |