EDWARD MAYES TRUST
The provision of supported housing for older people
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.
What the accounts disclose
“No employee received remuneration of more than £60,000 during the year” — page 20
“Residents’ contribution 328,537” — page 20
“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
“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
Corporate structure
- Registered company of the charity Companies House 09295352
Company officers (Companies House)
- SAFFER, Reuben Leon on trustee list
- ROBINSON, Thomas Frederick on trustee list
- EVERTON, Leah on trustee list
- WINTERBOURNE, Judith Margaret on trustee list
- STELFOX, Eric Richard on trustee list
- PICKETT, Jack on trustee list
- LOUDEN, John Francis on trustee list
- SANDFORD, John Philip on trustee list
Property (HM Land Registry)
Trustees
- Eric Stelfox
- JACK PICKETT
- JOHN LOUDEN
- JOHN SANDFORD
- JUDITH WINTERBOURNE
- Leah Everton
- Reuben Saffer
- Thomas Frederick Robinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £1.0m |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
Charities like this
- The Trust Foundation
- THE FOUNDATION OF EDWARD STOREY
- EUROPEAN COLLEGE OF BUSINESS AND MANAGEMENT
- W G EDWARDS CHARITABLE FOUNDATION
- Westfield House (Care) Ltd
- THE JAMES LLOYD ALMSHOUSES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EDWARD MAYES TRUST | £472k | Under £60,000 | 0 | above | — | no doubt |
| The Trust Foundation | £3.0m | — | 0 | above | — | no doubt |
| THE FOUNDATION OF EDWARD STOREY | £1.6m | — | 0 | unclear | — | no doubt |
| EUROPEAN COLLEGE OF BUSINESS AND MANAGEMENT | £1.1m | £90,001 - £100,000 | — | above | — | no doubt |
| W G EDWARDS CHARITABLE FOUNDATION | £154k | — | 0 | unclear | — | no doubt |
| Westfield House (Care) Ltd | £2.4m | — | 0 | above | — | no doubt |