MAYSEC LTD
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £4,283,817, which the trustees consider sufficient to meet their policy target of two to three months of anticipated charitable expenditure. The charity reported a net income of £640,226 against total expenditure of £246,203, resulting in a strong financial position with no material uncertainties regarding its ability to continue.
What the accounts disclose
“The charity has adopted a reserves policy to retain, if possible, reserves sufficient to meet a further two to three months of anticipated charitable expenditure.” — page 3
Structured financials (annual return, FY ending 30/06/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £248k | £193k |
| 30/06/2024 | £886k | £246k |
| 30/06/2023 | £626k | £194k |
| 30/06/2022 | £230k | £61k |
| 30/06/2021 | £263k | £50k |
Common questions
Is MAYSEC LTD financially healthy?
The accounts state that unrestricted reserves increased to £4,283,817, which the trustees consider sufficient to meet their policy target of two to three months of anticipated charitable expenditure. The charity reported a net income of £640,226 against total expenditure of £246,203, resulting in a strong financial position with no material uncertainties regarding its ability to continue. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SABENO LIMITED | 3 | £24k |
| MAYHEIGHTS LIMITED | 2 | £781k |
| THE BENZI DUNNER SCHOOLS TRUST | 2 | £46k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £556k |
| DINA PERELMAN TRUST LIMITED | 1 | £261k |
| AHAVAT YISROEL UK | 1 | £255k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £212k |
| THE KNIGHTLAND FOUNDATION | 1 | £150k |