EDWARD MAYES TRUST
Latest income
£472k
Latest spending
£525k
Registered
2016
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity reported an operating deficit of £17,328 for the year ended 31 December 2023, resulting in a net surplus of £122,797 after investment gains. Total reserves increased to £4,278,232, with the trustees confirming adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Reserves policy: 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 (held: £4.3m)
“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 FY2023 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 09295352
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?
The accounts state that the charity reported an operating deficit of £17,328 for the year ended 31 December 2023, resulting in a net surplus of £122,797 after investment gains. Total reserves increased to £4,278,232, with the trustees confirming adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were audited by Mitchell Charlesworth (Audit) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £1.0m |
| THE GURU NANAK NISHKAM SEWAK JATHA (BIRMINGHAM) UK | 1 | £13k |