The Master Charitable Trust

Analysis

The Master Charitable Trust is a registered charity in England and Wales, based in London. It was registered in January 2011, 15 years ago. Its declared purposes cover general charitable purposes, education/training, the advancement of health or saving of lives and disability, which this site groups under health and saving lives. Legally it is a charitable trust. It says it makes grants to organisations and acts as an umbrella or resource body.

In the financial year ending September 2025, The Master Charitable Trust reported income of £155.3m and spending of £174.5m, spending 112% of what it took in. Across the 5 years on record, from September 2021 to September 2025, income grew from £58.8m to £155.3m (+164%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 147%. Over the whole period it spent 92% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, The Master Charitable Trust sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include Cardiff Metropolitan University (£148.6m), Walsall Housing Group Limited (£155.4m) and The United Kingdom Committee for UNICEF (£146.7m).

In its latest detailed accounts, income came from donations and legacies 94% and investments 5.7%. Charitable activities took 99% of spending and raising funds 0.4%. Grants to other organisations totalled £172.6m. Reserves of £410.1m would cover about 28 months of spending at that rate.