MAGNA TRUST
Magna is a science education adventure centre incorporating a visitor attraction with four pavilions focusing on Air, Earth, Fire and Water comprising over 100 interactive exhibits. The attraction is augmented by two outdoor play areas.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £1,056,435 for the year, driven by total expenditure of £4,110,035 against total income of £3,053,600. Per the trustees' report, unrestricted free reserves stood at £311,053, which is below the stated policy target of £320,000. The trustees maintain that the charity is a going concern based on a business plan covering three years to March 2028.
What the accounts disclose
“The target reserves at 29 March 2025 was £320,000.” — page 8
“A gift aid payment of £491,413 was received in the year by the Trust from the trading subsidiary (2024: £535,013).”
“Matthew Risdale, a trustee of the charity, is a director of Cannon Public Relations Limited. During the year, the charity paid £8,100 (2024: £15,075) for PR and marketing services.” — page 30
“A gift aid payment of £491,413 was received in the year by the Trust from the trading subsidiary (2024: £535,013).”
“Matthew Risdale, a trustee of the charity, is a director of Cannon Public Relations Limited. During the year, the charity paid £8,100 (2024: £15,075) for PR and marketing services.” — page 30
“The charity has one wholly owned subsidiary company, Magna Enterprises Limited, which is responsible for managing the catering, retail and corporate activities of the Magna Science Adventure Centre.” — page 9
Corporate structure
- Registered company of the charity Companies House 03515568
- Trading subsidiary: MAGNA ENTERPRISES LIMITED Companies House 03817198
- Note 5 discloses amounts owed by group undertakings of £389,116 (2024: £425,956).
Leadership, per the charity’s website
- Richard Hammill — CEO
Company officers (Companies House)
- HAMMILL, Richard George not on trustee list
- TOMLINSON, Kevin on trustee list
- STEPHENS, Matthew David on trustee list
- PRATT, Kathryn Mary Germaine on trustee list
- RIDSDALE, Matthew James on trustee list
- YARLETT, Michael Stewart on trustee list
- SMITH, Michael John on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 29/03/2025)
Trustees
- Kathryn Mary Germaine Pratt
- MICHAEL JOHN SMITH
- Matthew David Stephens
- Matthew James Ridsdale
- Michael Yarlett
- kevin tomlinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 29/03/2025 | £3.1m | £4.1m |
| 29/03/2024 | £3.8m | £4.0m |
| 29/03/2023 | £4.1m | £3.6m |
| 29/03/2022 | £2.2m | £2.6m |
| 29/03/2021 | £1.1m | £2.0m |
Common questions
Is MAGNA TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £1,056,435 for the year, driven by total expenditure of £4,110,035 against total income of £3,053,600. Per the trustees' report, unrestricted free reserves stood at £311,053, which is below the stated policy target of £320,000. The trustees maintain that the charity is a going concern based on a business plan covering three years to March 2028. Its FY2025 accounts were audited by BHP LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 27/07/2020 | £39k | "COVID19: Magna Trust" |
| The National Lottery Heritage Fund | 16/10/2014 | £75k | "Steelos Gallery" |
| The National Lottery Community Fund | 19/07/2005 | £354k | Magna: Aqua-Tek exhibition |
| The National Lottery Community Fund | 02/04/2004 | £215k | Magna: Science and Technology Playground |
Charities like this
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MAGNA TRUST | £3.1m | — | 0 | unclear | — | no doubt |
| BROOKLANDS MUSEUM TRUST LIMITED | £5.7m | — | — | unclear | — | no doubt |
| LAINDON COMMUNITY CENTRE | £329k | — | 0 | unclear | — | no doubt |