THE MAGDALEN COLLEGE DEVELOPMENT TRUST
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £10,077,047, with charitable grants payable to Magdalen College totaling £10,071,815. The charity maintains unrestricted reserves of £20,000, a level the Trustees reaffirmed in January 2025, noting that the College meets the cost of running the Development Office. The Trustees and auditors are satisfied that the charity has sufficient liquidity to operate as a going concern for at least the next twelve months.
What the accounts disclose
“The Trustees’ reserves policy is to hold a small level of reserves against which future costs may be set. As at 31 July 2025 reserves stood at £20,000. At their meeting in January 2025 the Trustees re-affirmed their commitment to maintain Trust reserves at £20,000” — page 6
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- SIMON HASLAMchair
- ANTHONY TODD
- Dinah Gwen Lison Rose KC
- Dr BARBARA DOMAYNE-HAYMAN
- FELICITY ROSALIND TOUBE QC
- JAMES PAUL CRONIN
- Jonathan Turner
- LORD JAY OF EWELME
- MRS E C DAVIES
- Oscar Chow
- PROF ROBIN CLEVELAND
- Paul Tosetti
- Prof John Nightingale
- Robert Peter Leechman
- The Hon Daniel Higgins
- Thomas Karl Meakin
- Yoko Everest-Phillips
- Yong Shen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £10.1m | £10.1m |
| 31/07/2024 | £3.8m | £3.8m |
| 31/07/2023 | £7.8m | £8.2m |
| 31/07/2022 | £5.0m | £4.6m |
| 31/07/2021 | £2.3m | £2.3m |
Common questions
Is THE MAGDALEN COLLEGE DEVELOPMENT TRUST financially healthy?
The accounts state that total income for the year was £10,077,047, with charitable grants payable to Magdalen College totaling £10,071,815. The charity maintains unrestricted reserves of £20,000, a level the Trustees reaffirmed in January 2025, noting that the College meets the cost of running the Development Office. The Trustees and auditors are satisfied that the charity has sufficient liquidity to operate as a going concern for at least the next twelve months. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds THE MAGDALEN COLLEGE DEVELOPMENT TRUST?
Funders whose own accounts filings name THE MAGDALEN COLLEGE DEVELOPMENT TRUST as a grant recipient include THE JOHN R. MURRAY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2023 | £4k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE TOMLINSON FAMILY CHARITABLE TRUST | 1 | £225k |
| The Brindle Foundation | 1 | £14k |
| DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION | 1 | £9k |
| CLAN TRUST LIMITED | 1 | £8k |
| THE MILLICHOPE FOUNDATION | 1 | £3k |