The short answer to this question is “no”. The founder of a trust is sometimes referred to as the donor. The donor / founder cannot run a trust as the only trustee since he needs to divest himself of the trust asset / donation in favour of the trust and not have complete control over that asset once donated. If the donor was the only trustee, the courts would find it very difficult to recognise that there has been a true donation since the donor would still be in sole control of his donation. It is very unlikely that the Masters office would allow for the registration of such a trust at any rate.
A founder can however be a trustee, but not the only trustee to the trust.