Its only a small charger, 4 amps max, supposed to drop back to trickle charge automatically, and yes it was on continuous charge, but I look after it myself, so the electrolyte was definitely above the plates.
The theory that a clip lead fell off, causing a small spark, that ignited the oxy-hydrogen mixture, is the one that I regard as most likely, especially as the clips are super flimsy. And the caps are ventilated with a small hole, not that tower structure you see on true standby batteries.
The explosion was heard by my neighbour who lives about 400 yards down the road.
Luckily there was no one nearby, and the cleanup did involve a couple of packets of baking soda liberated from the kitchen pantry.
That battery was a Caterpillar make, from some earthmoving machinery, and I was using it as a general purpose 12 volt source.
It could still send 600 amps into the diesel starter motor.
I am seriously considering moving to sealed LA batteries because being near the open ones makes me nervous these days.
Ray.