MAYK THEATRE

Registered charity 1206672 · accounts filings on the Charity Commission register · also known as MAYK THEATRE CIC

MAYK Theatre CIO is a producing organisation with charitable aims to promote, maintain, improve and advance appreciation and understanding of the arts, locally, nationally and internationally. We do this by supporting the development, touring and programming of artistic projects, with artists, to be experienced by the public.

Causes: Arts/culture/heritage/science · Get email alerts

Latest income
£516k
Latest spending
£581k
Registered
2024
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity is forecasting an overall deficit with no free reserves carried forward, having incurred a net expenditure of £65,843 for the year. The trustees acknowledge an extremely challenging financial environment and note that the charity does not meet its reserves policy target of three months' core operational costs. However, the independent examiner has identified a material uncertainty regarding the charity's ability to continue as a going concern, contingent on the receipt of Theatre Tax Relief.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £572; policy: three months' core operational costs)
“At present, the charity does not meet this target.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“My examination identified a material uncertainty in relation to the charity's ability to continue as a going concern.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee loan
“During the year, David Hall, a trustee, made an interest-free loan of £15,000 to the charity, which is included in full within creditors at the year end.” — page 24
“During the year ended 31 March 2025, donations totalling £5,390 (2024: £430) were made by 2 trustees to the charity.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee donations
“During the year, David Hall, a trustee, made an interest-free loan of £15,000 to the charity, which is included in full within creditors at the year end.” — page 24
“During the year ended 31 March 2025, donations totalling £5,390 (2024: £430) were made by 2 trustees to the charity.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£516k
Total spending
£581k
Cost of raising funds
£7k
Reserves (reported)
£0
Employees
4

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (95% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.3% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£516k£581k

Common questions

Is MAYK THEATRE financially healthy?

Per its FY2025 accounts: The accounts state that the charity is forecasting an overall deficit with no free reserves carried forward, having incurred a net expenditure of £65,843 for the year. The trustees acknowledge an extremely challenging financial environment and note that the charity does not meet its reserves policy target of three months' core operational costs. However, the independent examiner has identified a material uncertainty regarding the charity's ability to continue as a going concern, contingent on the receipt of Theatre Tax Relief. Its FY2025 accounts were independently examined.

Who funds MAYK THEATRE?

Funders whose own accounts filings name MAYK THEATRE as a grant recipient include THE NISBET TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE NISBET TRUSTFY2023£10k
THE NISBET TRUSTFY2024£10k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government13/10/2022£92kNational Portfolio Organisations
UK government13/10/2022£92kNational Portfolio Organisations