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UNITED KINGDOM MATHEMATICS TRUST

Registered charity 1059125 · accounts filings on the Charity Commission register · also known as U K M T · also registered in Scotland as SC051448 (OSCR)

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Latest income
£2.5m
Latest spending
£1.6m
Registered
1996
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that free/unrestricted reserves reached £2,243,426, meeting the policy target of covering one year of expenditure. The charity reported a net surplus of £870,226 for the year, driven by increased sponsorship and competition entry fees, resulting in a significant rebuild of reserves from the previous year.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“Two employees received total remuneration of between £60,000 and £70,000 during the year” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 2
“Two employees received total remuneration of between £60,000 and £70,000 during the year” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: the level of its ongoing annual expenditure (held: £2.2m)
“The Trustees have agreed that the Trust should aim to maintain its General Reserve to the level of its ongoing annual expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: One Trustee received royalty payments of £2,679. Eight Trustees were reimbursed for expenses (£6,843).
“One Trustee (2024: one) received royalty payments in the period from the Trust. See note 26 for further details. During the year, eight Trustees (2024: seven) were reimbursed from charity funds for expenses incurred by them for work performed on behalf of the Trust. The total amount reimbursed to the Trustees was £6,843” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Dr G.C. Smith, a current Trustee, received royalties of £2,679 (2024: £2,399) in relation to publications. No other Trustees received any remuneration from the Trust.
“Dr G.C. Smith, a current Trustee, received royalties of £2,679 (2024: £2,399) in relation to publications. No other Trustees received any remuneration from the Trust. There were no other related party transactions which occurred during either year.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Sumer Auditco Limited. Discloses 6 of 6 completeness components.

Public fundraising profile: JustGiving — United Kingdom Mathematics Trust (matched by registered charity number).

Structured financials (annual return, FY ending 31/07/2025)

Total income
£2.5m
Total spending
£1.6m
Reserves (reported)
£2.2m
Employees
12

Reported reserves equal ~16.5 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2025£2.5m£1.6m
31/07/2024£1.9m£1.8m
31/07/2023£1.3m£1.8m
31/07/2022£1.4m£1.5m
31/07/2021£1.1m£905k

Common questions

Is UNITED KINGDOM MATHEMATICS TRUST financially healthy?

The accounts state that free/unrestricted reserves reached £2,243,426, meeting the policy target of covering one year of expenditure. The charity reported a net surplus of £870,226 for the year, driven by increased sponsorship and competition entry fees, resulting in a significant rebuild of reserves from the previous year. Its FY2025 accounts were audited by Sumer Auditco Limited.

What does the highest-paid employee of UNITED KINGDOM MATHEMATICS TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 2 employees earned over £60,000.