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THE MALDEN TRUST LIMITED

Registered charity 307046 · accounts filings on the Charity Commission register · also known as LITTLE WINDLESHAM, WINDLESHAM HOUSE SCHOOL

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Latest income
£8.7m
Latest spending
£10.6m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Charity ceased trading and is no longer a going concern following a merger with Charterhouse School, resulting in a net deficit of £1,842,380 and net assets of £Nil. The financial position reflects the transfer of all assets and liabilities to Charterhouse, with unrestricted reserves reduced to £Nil from £6,849,761 at the start of the period.

What the accounts disclose

Reserves policy: three months of operating costs
“Previously, the Trustees would normally target a level of operational liquidity of three months of operating costs.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“Following the merger, the Charity is no longer responsible for the operation of the School, has ceased trading and therefore is no longer a going concern. As such, the accounts for the period have been prepared on a basis other than going concern.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Charlotte Johnston, a trustee and director of Malden, is also a director of IAPS... During the period, £5,781 was paid to IAPS as membership fees for Malden and its Headteacher
“Charlotte Johnston, a trustee and director of Malden, is also a director of IAPS, a professional association for Headteachers. During the period, £5,781 was paid to IAPS as membership fees for Malden and its Headteacher (2024: £7,813). Sarah Kerr-Dineen, a trustee and director is the parent of William Kerr-Dineen, a teacher at the school. His salary is determined by the standard teacher pay policy.” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Windlesham Community Facilities Limited
“The Charity owned the entire share capital of Windlesham Community Facilities Limited (Company Number: 10878580), a dormant company incorporated in England & Wales on 21 July 2017. The company was dissolved on 29th October 2024.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Kreston Reeves Audit LLP. Discloses 4 of 6 completeness components.

Corporate structure

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

Total income
£8.7m
Total spending
£10.6m
Cost of raising funds
£984
Reserves (reported)
£0
Employees
144

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: West Sussex

Income and spending

Financial year endIncomeSpending
31/07/2025£8.7m£10.6m
31/08/2024£9.0m£9.1m
31/08/2023£8.3m£8.7m
31/08/2022£7.3m£7.6m
31/08/2021£5.8m£7.0m

Common questions

Is THE MALDEN TRUST LIMITED financially healthy?

The accounts state that the Charity ceased trading and is no longer a going concern following a merger with Charterhouse School, resulting in a net deficit of £1,842,380 and net assets of £Nil. The financial position reflects the transfer of all assets and liabilities to Charterhouse, with unrestricted reserves reduced to £Nil from £6,849,761 at the start of the period. Its FY2025 accounts were audited by Kreston Reeves Audit LLP.