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The Master Charitable Trust

Notable UK charity

Grant making trust.

Activities & Mission

Grant making trust.

Areas of Operation

Where this charity is registered to operate, as self-declared to the Charity Commission. These are regulatory classifications, not a list of active programmes, and don't necessarily indicate fundraising activity in each location.

Financial Information

Latest Income
£107,879,000
Latest Expenditure
£86,471,000

Financial Efficiency

Program Ratio 79.6%
% of income going directly to charitable activities

Higher than 41% of UK Charitable activities charities with income over £10M (sample: 222). How is this calculated?

Overall Efficiency 99.3%
% of expenditure going to programs (vs overhead)

Higher than 74% of UK Charitable activities charities with income over £10M. How is this calculated?

Administrative Ratio 1.4%
Overhead (fundraising + governance) as % of total expenditure

Lower overhead than 67% of UK Charitable activities charities with income over £10M. (Lower overhead is generally read as more efficient.) How is this calculated?

Latest Financial Breakdown

Income Sources

Donations & Legacies £97,172,000
Charitable Activities £0
Other Trading £0
Investments £10,635,000
Other Income £72,000

Expenditure Categories

Charitable Expenditure £85,855,000
Raising Funds £616,000
Governance £574,000
Grants to Institutions £85,243,000
Other Expenditure £0

Financial Trend

Annual Returns

As filed with the Charity Commission for England and Wales. Most recent filing covers the financial year ending 2024.

One or more years show a significant change in income (over ±100%) compared with the prior year. This usually reflects a merger, transfer of activities, restated accounts, or a one-off legacy — not necessarily a real change in operating scale. See the methodology for context.

The Commission record shows these related events on the register:

  • Asset transfer in in 2025 — The Henry C. Hoare Charitable Trust (organisation 3984884)
  • Asset transfer in in 2025 — The Golden Bottle Trust (organisation 327026)
  • Asset transfer in in 2025 — The Innox Foundation (organisation 5152986)
  • Asset transfer in in 2024 — The Trefoil Trust (organisation 1044101)
Financial YearIncomeExpenditureCharitable SpendingNet AssetsReservesStaff
2024
£107,879,000
£86,471,000£85,855,000£386,281,000£386,281,0000 / 0
2023
£113,731,070
£75,631,739£75,081,199£355,185,735£355,185,7350 / 0
2022
£46,006,681
£47,153,862£46,815,747£313,071,016£313,071,0160 / 0
2021
£58,754,093
£59,042,170£58,748,993£236,759,288£236,759,2880 / 0
2020
£44,058,717
£44,211,791£44,031,296£181,321,719£181,321,7190 / 0

Staff column shows: Employees / Volunteers

Frequently asked questions about The Master Charitable Trust

What does The Master Charitable Trust do?

Grant making trust.

How much income did The Master Charitable Trust report in 2024?

The Master Charitable Trust reported total income of £107.88m and reported expenditure of £86.47m for the financial year ending 2024, based on the most recent annual return filed with the Charity Commission.

How efficient is The Master Charitable Trust?

The Master Charitable Trust has a program ratio of 79.6%, meaning that share of its income goes directly to charitable activities. This is higher than 41% of UK Charitable activities charities with income over £10M (sample of 222 charities). See our methodology for how this is calculated.

When was The Master Charitable Trust registered as a charity?

The Master Charitable Trust was registered with the Charity Commission for England and Wales on 19 January 2011 as charity number 1139904. It has been registered for 15 years.

Who runs The Master Charitable Trust?

The Master Charitable Trust is governed by a board of 1 trustee. Trustees are legally responsible for the charity's governance and are listed in full on its profile.

Where does The Master Charitable Trust operate?

The Master Charitable Trust operates in England And Wales, as recorded in its Charity Commission filing.

Is The Master Charitable Trust a registered charity?

Yes — The Master Charitable Trust is a registered charity in England and Wales, charity number 1139904.

Details

Address
37 FLEET STREET
LONDON
EC4P 4DQ
Registration Date
19 January 2011
Status
Registered

Registry Information

Organisation Number
4048969
Charity Number
1139904

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Other notable Charitable activities charities

Major UK charities in the same primary sector, drawn from the curated priority cohort.

Trustees

HOARES TRUSTEES LIMITED

Sectors & Classifications

Data & trust

Register data refreshed
14 May 2026
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