THE PRODUCTIVITY GROUP
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £2.05 million for the year ended 31 March 2025, primarily due to the conclusion of major grant funding and associated restructuring costs. Per the trustees' report, unrestricted reserves stood at £835k, which is above the stated policy target of £550k, and the charity holds a cash balance of £1.17 million, providing resources for future sustainability.
What the accounts disclose
“Total remuneration of the key management personnel of the charity was £256,213 (2024: £460,181).” — page 21
“Trustees determined that a target of £550k in unrestricted reserves was desirable for 2024/25 to mitigate any potential risks.” — page 8
“The charity has a wholly owned commercial subsidiary – Be the Business Trading Limited (company number 10894488).” — page 7
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Sir CHARLIE MAYFIELDchair
- Dr HOSEIN KHAJEH-HOSSEINY
- Michael Davis
- TERA ALLAS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.0m | £5.1m |
| 31/03/2024 | £11.9m | £12.7m |
| 31/03/2023 | £11.2m | £10.9m |
| 31/03/2022 | £13.3m | £11.6m |
| 31/03/2021 | £18.0m | £17.9m |
Common questions
Is THE PRODUCTIVITY GROUP financially healthy?
The accounts state that the charity reported a net deficit of £2.05 million for the year ended 31 March 2025, primarily due to the conclusion of major grant funding and associated restructuring costs. Per the trustees' report, unrestricted reserves stood at £835k, which is above the stated policy target of £550k, and the charity holds a cash balance of £1.17 million, providing resources for future sustainability. Its FY2025 accounts were audited by HaysMac LLP.