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THE MASTER CHARITABLE TRUST

Registered charity 1139904 · accounts filings on the Charity Commission register

Grant making trust.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Grant history (this charity is a funder) · Get email alerts

Latest income
£155.3m
Latest spending
£174.5m
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Charity holds unrestricted funds totaling £410.1m, comprising a General Endowment Fund of £0.7m and Expendable Endowment of £409.4m. The Trustee reports adequate resources to continue in operational existence for the foreseeable future, supported by the flexibility to draw down on the expendable endowment fund if required to support grant expenditure.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: MCT aims to ensure there are sufficient liquid assets available in each Giving Fund to cover short and medium term disbursements. (held: £697k)
“According to the Charity Commission's guidance update in their 'Statement of Recommended Practice: Accounting and Reporting by Charities' revised in July 2014, the Charity's expendable endowment is not considered part of the Charity's free reserves. However, this endowment is a considerable sum, and the capital can be used at the discretion of the Trustee to fund any deficit on expenditure. MCT aims to ensure there are sufficient liquid assets available in each Giving Fund to cover short and medium term disbursements.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Hoares Trustees Limited charged £1.02m for administrative fees and £0.01m for due diligence fees. No out-of-pocket expenses were reimbursed.
“For the year ended 30 September 2025, the Trustee charged £1.02m (2024: £0.44m) for their administrative fees in accordance with the power given to them by virtue of clause 28.3 of the Declaration of Trust. In addition, £0.01m (2024: £0.01m) was paid towards Trustee's due diligence fees. No out of pocket expenses were reimbursed by the Charity.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Investment in Snowball Impact Investments LP
“A S Hoare, a director of the Trustee, is also the Chair of the Board of Directors of Snowball Impact Management Limited. At the year-end the Trust had an investment in Snowball Impact Investments LP worth £6.76m (2024: £8.10m).” — page 19
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 30/09/2025)

Total income
£155.3m
Total spending
£174.5m
Cost of raising funds
£761k
Reserves (reported)
£410.1m
Employees
0

Reported reserves equal ~28.2 months of spending — in the top quarter for charities its size (median 2.7 months; benchmarks).

Per its annual return, cost of raising funds: 0.5% of total income — below the median for charities its size (2.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/09/2025£155.3m£174.5m
30/09/2024£107.9m£86.5m
30/09/2023£113.7m£75.6m
30/09/2022£46.0m£47.2m
30/09/2021£58.8m£59.0m

Common questions

Is THE MASTER CHARITABLE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the Charity holds unrestricted funds totaling £410.1m, comprising a General Endowment Fund of £0.7m and Expendable Endowment of £409.4m. The Trustee reports adequate resources to continue in operational existence for the foreseeable future, supported by the flexibility to draw down on the expendable endowment fund if required to support grant expenditure. Its FY2025 accounts were audited by Moore Kingston Smith LLP.

Who funds THE MASTER CHARITABLE TRUST?

Funders whose own accounts filings name THE MASTER CHARITABLE TRUST as a grant recipient include THE MACDONALD-BUCHANAN CHARITABLE TRUST, THE WOODWARD CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE MACDONALD-BUCHANAN CHARITABLE TRUSTFY2024£120k
THE MACDONALD-BUCHANAN CHARITABLE TRUSTFY2025£25k
THE WOODWARD CHARITABLE TRUSTFY2023£5k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE DAGNY RAYMOND CHARITABLE TRUST1—

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE J J CHARITABLE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE MASTER CHARITABLE TRUST£155.3m—0unclear—no doubt
THE J J CHARITABLE TRUST FY2025£842k£60,001 - £70,0001unclear—no doubt
THE WYNDHAM CHARITABLE TRUST FY2025£124k—0unclear—no doubt
MRS EM BATES TRUST FY2025£409k—0unclear—no doubt
THE CHRISTIAN SCIENCE TRUST IN GREAT BRITAIN FY2024£818k—0above—no doubt
THE THEODORE MAXXY CHARITABLE TRUST FY2025£854k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.