MENCAP TRUST COMPANY LIMITEDActive

The Mencap Trust Company Limited (MTC) was formed in 1975 by Royal Mencap Society (RMS) and is a wholly owned subsidiary of RMS.MTC was set up to provide a trustee who would always be there for loved ones. In particular, to help parents, families and friends to set up a trust where there was no one to undertake this role or it was difficult for siblings, or others, to take on the burden of being a trustee and the liability such as investment responsibilities that this entails.MTC is a professional trust company with its own independent board of directors. Board independence ensures that decisions are taken in the interests of beneficiaries and without regard to whether or not RMS may be named as a residuary beneficiary.MTC acts as sole trustee of trust funds held for people with a learning disability, autism and other vulnerabilities. MTC is operated as a not-for-profit organisation; it generated a surplus before tax of £133,195 in 2022-2023 (2021-2022 surplus of £53,726). This surplus was primarily due to cautious financial management during a challenging year for the economy and the need to build MTC’s reserves to invest in systems and processes that will improve the efficiency of our services for beneficiaries. Against a backdrop of high inflation and market uncertainty, MTC took the decision to make a slight increase in our management fee. The impact of this, together with our close management of costs see us end the year with sufficient reserves to sustainably invest in

As described in the company's latest filed accounts.