THE MEA TRUST
MEA House first opened in 1974 and currently has 23 tenants, which includes four tenants who are commercial entities involved with the voluntary sector. The majority of the offices are let to charities at below market rate.
Financial health, per its FY2025 accounts
The accounts state that the charity is being dissolved and wound up, with all remaining assets transferred to another charity. The financial statements are prepared on a basis other than going concern, reflecting the cessation of activities and the sale of the charity's primary fixed asset.
What the accounts disclose
“The trustees had established a policy to maintain unrestricted funds not invested in fixed assets or designated for specific purposes (the free reserves) at an appropriate level to cover any gap that may arise between rental income and expenditure.” — page 5
“The financial statements have been prepared on a basis other than that of the going concern basis following the sale of MEA House and the decision taken by the trustees to dissolve the Trust and transfer the remaining assets to The Rothley Trust.” — page 5
Trustees
- Dr Teresa Mary Cairns Councillor
- JAMES LANE
- Michael Ian Spriggs
- STEPHEN THOMAS GILROY
- Simon Bowett
- WILLIAM MCKAY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £348k | £889k |
| 31/03/2024 | £357k | £651k |
| 31/03/2023 | £345k | £529k |
| 31/03/2022 | £332k | £529k |
| 31/03/2021 | £361k | £415k |
Common questions
Is THE MEA TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity is being dissolved and wound up, with all remaining assets transferred to another charity. The financial statements are prepared on a basis other than going concern, reflecting the cessation of activities and the sale of the charity's primary fixed asset. Its FY2025 accounts were independently examined.
Who funds THE MEA TRUST?
Funders whose own accounts filings name THE MEA TRUST as a grant recipient include THE W A HANDLEY CHARITY TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE W A HANDLEY CHARITY TRUST | FY2024 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 17/06/2005 | £5k | CCTV |
| Northern Rock Foundation | 09/02/1999 | £150k | Grant awarded to The MEA Trust (North East) |