THE MAYFIELD TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted free reserves stood at £2,371,987, which the trustees note is below their stated policy target of three months of expenditure. The charity relies heavily on grant and contract income from local authorities, and while net incoming resources increased, the organization reported a loss on investment revaluation and noted staffing shortages impacting service delivery.
What the accounts disclose
“The current level of reserves, which includes investment assets, is 2.6 months of expenditure. Therefore the total required level of reserves overall has not been met.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- RICHARD CHARLES SCOTTchair
- Claire Louise Pilcher
- David Kershaw
- David Martin Bywater
- Janice Kershaw
- Lynda Gibson
- Sharon Linda Porteus
- Susan Lesley Anderson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.1m | £4.9m |
| 31/03/2024 | £4.6m | £4.5m |
| 31/03/2023 | £3.9m | £3.7m |
| 31/03/2022 | £3.3m | £2.8m |
| 31/03/2021 | £2.7m | £2.4m |
Common questions
Is THE MAYFIELD TRUST financially healthy?
The accounts state that unrestricted free reserves stood at £2,371,987, which the trustees note is below their stated policy target of three months of expenditure. The charity relies heavily on grant and contract income from local authorities, and while net incoming resources increased, the organization reported a loss on investment revaluation and noted staffing shortages impacting service delivery. Its FY2023 accounts were audited by Walter Dawson & Son.