RHODES TRUST - PUBLIC PURPOSES FUND
To provide financial scholarships to enable students from selected countries, to pursue a post graduate or second undergraduate degree at the University of Oxford. To make benefactions or donations for primarily educational purposes.
Objects
TO APPLY INCOME AND/OR CAPITAL FOR PROMOTION OR ADVANCEMENT IN THE BRITISH COMMONWEALTH AND U S A OF EDUCATIONAL OR OTHER CHARITABLE PURPOSES IN ANY WAY THE TRUSTEES THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that net assets increased by £1.9m to £547.6m, with total resources expended at £62.6m. The charity holds £11.5m in free reserves, which the Trustees consider sufficient to meet present needs, while noting that the investment performance objective was not met for the year.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- 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
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- 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 30/06/2025
- Volunteers: 512
- Employees paid over £60,000: 55 (£60,001–£70,000: 13; £70,001–£80,000: 9; £80,001–£90,000: 3; £90,001–£100,000: 7; £100,001–£110,000: 5; £110,001–£120,000: 5; £120,001–£130,000: 3; £130,001–£140,000: 1; £150,001–£200,000: 7; £250,001–£300,000: 1; £350,001–£400,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2024
- Volunteers: 512
- Employees paid over £60,000: 47 (£60,001–£70,000: 9; £70,001–£80,000: 6; £80,001–£90,000: 5; £90,001–£100,000: 5; £100,001–£110,000: 3; £110,001–£120,000: 7; £120,001–£130,000: 1; £140,001–£150,000: 1; £150,001–£200,000: 6; £200,001–£250,000: 1; £250,001–£300,000: 3)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/06/2023
- Volunteers: 320
- Employees paid over £60,000: 44 (£60,001–£70,000: 7; £70,001–£80,000: 4; £80,001–£90,000: 9; £90,001–£100,000: 4; £100,001–£110,000: 2; £110,001–£120,000: 1; £120,001–£130,000: 5; £130,001–£140,000: 3; £150,001–£200,000: 4; £200,001–£250,000: 3; £250,001–£300,000: 1; £300,001–£350,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Corporate structure
- Trading subsidiary: RHODES HOUSE LIMITED Companies House 06539418
- Turnover: £3.5m
- Profit before tax: £411k
- Donated/gift-aided to the charity: £36k
- Amounts owed to group undertakings of £1,021,078 in 2024 (reduced to £0 in 2025) included VAT on the building development project recoverable from HMRC and payable to the Rhodes Trust. Additionally, trade debtors include £79,304 owed by group undertakings in 2025.
“Distributions to parent charity under gift aid”
Leadership, per the charity’s website
- Chrystia Freeland — Warden & CEO
- Professor Sir Rick Trainor KBE — Interim Warden and CEO
Funders the charity credits
- The Atlantic Philanthropies
- Schmidt Futures
- Mastercard Foundation
- Second Century Founders
- John McCall MacBain O.C.
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Christopher George Oechsli
- Douglas Alexander Beck
- Dr Azure Tariro Makadzange
- Frederick Swaniker
- Menaka Guruswamy
- Michael Clifford Fitzpatrick
- Neeti Bhalla Johnson
- PROFESSOR OLADAPO OLADIPO OLAKUNLE AKANDE
- PROFESSOR SIR JOHN IRVING BELL
- Peter Stamos
- Professor Catherine Mary Elizabeth O'Regan
- Professor Charlotte Mary Deane MBE
- Professor ELLEKE BOEHMER
- Robert Andrew Sternfels
- Robert Steven Harrison
- Sir Nigel Shadbolt
- Swati Mylavarapu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £34.1m | £62.6m |
| 30/06/2024 | £27.4m | £55.3m |
| 30/06/2023 | £18.9m | £49.8m |
| 30/06/2022 | £16.4m | £37.9m |
| 30/06/2021 | £23.0m | £29.0m |
Common questions
Is RHODES TRUST - PUBLIC PURPOSES FUND financially healthy?
Per its FY2025 accounts: The accounts state that net assets increased by £1.9m to £547.6m, with total resources expended at £62.6m. The charity holds £11.5m in free reserves, which the Trustees consider sufficient to meet present needs, while noting that the investment performance objective was not met for the year. Its FY2025 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CLAN TRUST LIMITED | 1 | £17k |
| THE MILLICHOPE FOUNDATION | 1 | £11k |
| CLA CHARITABLE TRUST | 1 | £7k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £3k |
Charities like this
- THE ROWLAND EDUCATIONAL FOUNDATION
- THE OPEN UNIVERSITY STUDENTS' EDUCATIONAL TRUST
- THE ROTHES CHARITABLE TRUST
- THE NORTHCOTE TRUST
- THE SEKFORDE HOUSE TRUST
- THE EDWARD ROSE CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RHODES TRUST - PUBLIC PURPOSES FUND | £34.1m | — | — | unclear | — | no doubt |
| THE ROWLAND EDUCATIONAL FOUNDATION | £378k | — | 0 | above | — | no doubt |
| THE OPEN UNIVERSITY STUDENTS' EDUCATIONAL TRUST | £114k | — | 0 | unclear | — | no doubt |
| THE ROTHES CHARITABLE TRUST | £148k | — | 0 | above | — | no doubt |
| THE NORTHCOTE TRUST | £179k | — | 0 | unclear | — | no doubt |
| THE SEKFORDE HOUSE TRUST | £96k | — | — | unclear | — | no doubt |