EDWARD MAYES TRUST

Registered charity 1166318 · accounts filings on the Charity Commission register

The provision of supported housing for older people

Causes: Accommodation/housing · Grant history (this charity is a funder) · Get email alerts

Latest income
£472k
Latest spending
£525k
Registered
2016
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported an operating deficit of £27,981 for the year, primarily due to repair works and legal fees, resulting in a net surplus of £56,375 after investment gains. The trustees confirm the charity remains in a sound financial position with adequate resources to continue as a going concern, supported by unrestricted reserves of £2,942,222.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: Under £60,000 — in the top quarter for charities its size (median £60k)
“No employee received remuneration of more than £60,000 during the year” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Residents' contributions (91% of income)
“Residents’ contribution 328,537” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: Sufficient reserves to maintain property and provide for expenses; sustainable in the long-term (held: £2.9m)
“The Trust seeks to retain sufficient reserves so that the income from the investments that back the reserves is sufficient to maintain the Trust's property and provide for the expenses of the Charity. The aim is to make sure that the Trust is sustainable in the long-term.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loans due from related charities
“At the year-end an amount of £180,000 (2023: £190,000) was due from Elizabeth Stopford for Almshouses, and £36,225 (2023: £37,275) was due from Whitelegg Almshouses. These two charities are considered to be related parties as they have Trustees in common with this charity.” — page 27
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Mitchell Charlesworth (Audit) Limited. Discloses 5 of 6 completeness components.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

10 registered titles in England and Wales held by the charity’s company or corporate body (7 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Manchester City

Income and spending

Financial year endIncomeSpending
31/12/2024£472k£525k
31/12/2023£471k£474k
31/12/2022£456k£476k
31/12/2021£414k£402k
31/12/2020£362k£370k

Common questions

Is EDWARD MAYES TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported an operating deficit of £27,981 for the year, primarily due to repair works and legal fees, resulting in a net surplus of £56,375 after investment gains. The trustees confirm the charity remains in a sound financial position with adequate resources to continue as a going concern, supported by unrestricted reserves of £2,942,222. Its FY2024 accounts were audited by Mitchell Charlesworth (Audit) Limited.

What does the highest-paid employee of EDWARD MAYES TRUST earn?

Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
GILMOOR BENEVOLENT FUND LIMITED1£1.0m
THE EDWARD CADBURY CHARITABLE TRUST1£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with The Trust Foundation.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
EDWARD MAYES TRUST£472kUnder £60,0000above—no doubt
The Trust Foundation FY2024£3.0m—0above—no doubt
THE FOUNDATION OF EDWARD STOREY FY2025£1.6m—0unclear—no doubt
EUROPEAN COLLEGE OF BUSINESS AND MANAGEMENT FY2025£1.1m£90,001 - £100,000—above—no doubt
W G EDWARDS CHARITABLE FOUNDATION FY2026£154k—0unclear—no doubt
Westfield House (Care) Ltd FY2025£2.4m—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.