MAYK THEATRE
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.
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.
What the accounts disclose
“At present, the charity does not meet this target.” — page 5
“My examination identified a material uncertainty in relation to the charity's ability to continue as a going concern.” — page 8
“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
“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
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- BECKI HAINES
- David Russell Hall
- Dr Myles Jay Anthony Linton
- Harshadha Balasubramanian
- Katherine Elinor Yedigaroff
- Matthew Peter Austin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE NISBET TRUST | FY2023 | £10k | |
| THE NISBET TRUST | FY2024 | £10k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/10/2022 | £92k | National Portfolio Organisations |
| UK government | 13/10/2022 | £92k | National Portfolio Organisations |