MASTERS FOUNDATION
TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PRESERVE AND PROTECT GOOD HEALTH.TO RELIEVE FINANCIAL NEED AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTER IN THE FORM OF MONEY INCLUDING THE PROVISION OF MEDICAL AID.TO ADVANCE SECULAR EDUCATION THROUGHOUT THE WORLD.
Objects
*TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PRESERVE AND PROTECT GOOD HEALTH ANYWHERE IN THE WORLD AS THE TRUSTEES THINK FIT.*THE RELIEF OF FINANCIAL NEED AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTER IN THE FORM OF MONEY (OR OTHER MEANS DEEMED SUITABLE) FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED INCLUDING THE PROVISION OF MEDICAL AID.*TO ADVANCE RELIGION IN PARTICULAR THE SHIA ITHNA ASHARI MUSLIM FAITH ANYWHERE IN THE WORLD AS THE TRUSTEES THINK FIT.*TO ADVANCE EDUCATION ANYWHERE IN THE WORLD AS THE TRUSTEES THINK FIT.*TO FURTHER SUCH EXCLUSIVELY CHARITABLE PURPOSES AS DETERMINED BY THE LAW OF ENGLAND AND WALES FOR THE BENEFITS OF THE PUBLIC AS THE TRUSTEES THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £500,716 for the year ended 31 December 2025, with total unrestricted funds increasing to £3,089,904. The trustees report no material uncertainties regarding the charity's ability to continue operating. The charity holds significant cash reserves of £1,848,729 alongside investments valued at £739,422.
What the accounts disclose
“The plans for accumulated reserves of the charity be used for the development of the land at Catherine-de-Barns and to build education centre/hospital in Zanzibar, and any other opportunity that arises.” — page 15
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 2
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 2
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Grant-making is its main activity
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- MUSSADIQ ROSHANALI MASTERchair
- MINHAAL MOHEMAD MASTER
- Murtaza Master
- SUHAIL MOHAMED VALJI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £999k | £498k |
| 31/12/2024 | £608k | £465k |
| 31/12/2023 | £381k | £521k |
| 31/12/2022 | £1.7m | £338k |
| 31/12/2021 | £258k | £230k |
Common questions
Is MASTERS FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £500,716 for the year ended 31 December 2025, with total unrestricted funds increasing to £3,089,904. The trustees report no material uncertainties regarding the charity's ability to continue operating. The charity holds significant cash reserves of £1,848,729 alongside investments valued at £739,422. Its FY2025 accounts were independently examined.
Who funds MASTERS FOUNDATION?
Funders whose own accounts filings name MASTERS FOUNDATION as a grant recipient include THE WORLD FEDERATION OF KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITIES.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE WORLD FEDERATION OF KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITIES | FY2025 | £131k | Relief |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PAUL HAMLYN FOUNDATION | 1 | £300k |
| THE KARLSSON JATIVA CHARITABLE FOUNDATION | 1 | £265k |
| THE FIDELITY UK FOUNDATION | 1 | £149k |
| THE MACDONALD-BUCHANAN CHARITABLE TRUST | 1 | £145k |
| THE VANNECK CHARITABLE TRUST | 1 | £118k |
| WELLINGTON MANAGEMENT UK FOUNDATION | 1 | £98k |
| THE CHILDHOOD TRUST | 1 | £85k |
| THE MILA CHARITABLE ORGANISATION | 1 | £75k |
Charities like this
- MASTER PARK
- UK Music Masters Ltd.
- THE MASTER CHARITABLE TRUST
- MENTAL HEALTH MATTERS
- THE MATHS SOCIETY
- MCS CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MASTERS FOUNDATION | £999k | — | 0 | unclear | — | no doubt |
| MASTER PARK | £35k | — | 0 | unclear | — | no doubt |
| UK Music Masters Ltd. | £1.5m | £70,001 - £80,000 | 1 | within | — | no doubt |
| THE MASTER CHARITABLE TRUST | £155.3m | — | 0 | unclear | — | no doubt |
| MENTAL HEALTH MATTERS | £28.2m | £110,001 - £120,000 | — | above | — | no doubt |
| THE MATHS SOCIETY | £32k | — | 0 | unclear | — | no doubt |