THE MALDEN TRUST LIMITED
The object of the Charity is to benefit the public via Windlesham House School, a preparatory boarding School for boys and girls between the ages of 4 and 13, to ensure that our unique approach to education is made available to as many children as possible through bursaries, for which we maintain a fund, and partnership with, and support to, maintained schools and other educational institutions.
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
“Previously, the Trustees would normally target a level of operational liquidity of three months of operating costs.” — page 8
“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
“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
“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
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → not a going concern (FY2025).
Insolvency history (Companies House)
In the news
Corporate structure
- Registered company of the charity Companies House 00747222
- Trading subsidiary: WINDLESHAM COMMUNITY FACILITIES LTD Companies House 10878580
- The company is dormant and entitled to exemption under section 480 of the Companies Act 2006.
Leadership, per the charity’s website
- Ben Evans — Head
Company officers (Companies House)
- CRAWFORD, Michael Nigel Harman on trustee list
- MARRIOTT, John on trustee list
- ARMITAGE, David Stephen on trustee list
- ASMAR, Martina Clara on trustee list
- BROOKER, Jen
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Martina Asmarchair
- Adam Perry
- Charlotte Johnston Mrs
- Clare Ives
- David Armitage
- John Marriott
- Michael Crawford
- Patrick Michael John Hinton
- Sarah Kerr-Dineen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2025 accounts were audited by Kreston Reeves Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £505k |
| SUTTON'S HOSPITAL IN CHARTERHOUSE | 1 | £385k |
| The A and J Charitable Trust | 1 | £155k |
| THE TOLKIEN TRUST | 1 | £100k |
| THE EDWARD & CATHERINE WRAY CHARITABLE TRUST | 1 | £30k |
| THE C P CHARITABLE TRUST | 1 | £25k |
| DRAGON CHRISTMAS CHARITY SALE | 1 | £22k |
| THE ETON FIVES ASSOCIATION LIMITED | 1 | £5k |
Charities like this
- WINDLESHAM SCHOOL TRUST LIMITED
- ST CHRISTOPHER'S SCHOOL TRUST (EPSOM) LIMITED
- THE MALL SCHOOL TRUST
- CHARTERHOUSE SCHOOL
- MALVERN ST JAMES LIMITED
- DRAGON SCHOOL TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MALDEN TRUST LIMITED | £8.7m | — | — | unclear | — | not going concern |
| WINDLESHAM SCHOOL TRUST LIMITED | £1.8m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| ST CHRISTOPHER'S SCHOOL TRUST (EPSOM) LIMITED | £1.3m | — | 0 | unclear | — | noted |
| THE MALL SCHOOL TRUST | £4.3m | — | — | unclear | — | no doubt |
| CHARTERHOUSE SCHOOL | £64.8m | — | — | below | 7.3% | no doubt |
| MALVERN ST JAMES LIMITED | £15.0m | — | 0 | unclear | — | no doubt |