THE MAGENI TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £112,878 at the end of the financial year. Per the trustees' report, this level is considered adequate as it aligns with the stated policy of maintaining reserves equivalent to three to six months of expenditure. The trustees confirmed there are adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Year-over-year changes
- Going concern: material uncertainty (FY2023) → no going-concern doubt (FY2024).
Trustees
- ALEX COLLINS
- GARF COLLINS
- Gillian Collins
- Tom Collins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £145k | £141k |
| 31/05/2024 | £144k | £148k |
| 31/05/2023 | £144k | £142k |
| 31/05/2022 | £147k | £141k |
| 31/05/2021 | £144k | £140k |
Common questions
Is THE MAGENI TRUST financially healthy?
The accounts state that unrestricted reserves stood at £112,878 at the end of the financial year. Per the trustees' report, this level is considered adequate as it aligns with the stated policy of maintaining reserves equivalent to three to six months of expenditure. The trustees confirmed there are adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.