Magenta Living
To provide social housing to those who are unable to meet their own housing costs in the open market.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a consolidated operating surplus of £9.1 million and total reserves of £154.9 million, supported by robust cash balances and undrawn loan facilities. Per the trustees' report, the organization maintains a G1/V2 regulatory grading, indicating high governance standards and financial robustness despite inflationary pressures.
What the accounts disclose
“Social housing lettings 78,247”
“During the year Magenta Living had intra group transactions with subsidiary Wirral Partnership Homes (Developments) Limited, an unregulated entity, of £13,287k (2024: £3,529k) relating to housing property design and build services.” — page 91
“A management charge of £522k (2024: £157k) was made to Wirral Partnership Homes (Developments) Limited which was calculated on a pro-rata staff basis.”
“During the year Magenta Living had intra group transactions with subsidiary Wirral Partnership Homes (Developments) Limited, an unregulated entity, of £13,287k (2024: £3,529k) relating to housing property design and build services.” — page 91
“A management charge of £522k (2024: £157k) was made to Wirral Partnership Homes (Developments) Limited which was calculated on a pro-rata staff basis.”
“During the year Magenta Living had intra group transactions with subsidiary Wirral Partnership Homes (Developments) Limited, an unregulated entity, of £13,287k (2024: £3,529k) relating to housing property design and build services.” — page 91
“A management charge of £522k (2024: £157k) was made to Wirral Partnership Homes (Developments) Limited which was calculated on a pro-rata staff basis.”
“Wirral Partnership Homes (Developments) Limited undertakes construction for the parent company. Bamboo Estates LLP whose principal activity is the letting of housing properties at market rent in the northwest of England.” — page 30
Inspection and regulatory ratings
- Regulator of Social Housing — Magenta Living: governance G1 viability V2 consumer C1
In the news
- More than 100 pupils gain workplace insight at Magenta Living
- Magenta Living secures £40m financing for 50 new homes
- Magenta Living secures £40m to expand housing programme
- Council leader welcomes Magenta Living pledge to increase home building
- Magenta Living says AI partnership is reaping benefits
- Magenta Living confirms Andy Lomas as permanent CEO
- Magenta Living extends specialist extra care service with dedicated accommodation in Wirral
- Magenta Living appoints interim CEO
Corporate structure
- Registered company of the charity Companies House 04912562
- Trading subsidiary: WIRRAL PARTNERSHIP HOMES (DEVELOPMENTS) LIMITED Companies House 07882199
- Trading subsidiary: BAMBOO ESTATES LLP Companies House OC413454
- Turnover: £13.3m
- Profit before tax: £88k
- Donated/gift-aided to the charity: £88k
- Debtors due within one year include £6,042,000 due from group undertakings.
“A gift aid payment of £88k (2024: £4k) will be made to Magenta Living in respect of the year.”
- Turnover: £935k
- Profit before tax: £457k
- Properties leased from Magenta Living (operating lease rentals of £306k in 2025).
Leadership, per the charity’s website
- Ged Lucas — Chair of the Board
- Sean Yewdale — Board Director and Chair of the Customer and Communities Committee
- Ann-Louise Gilmore — Board Director and Chair of Assets & Development Committee
- Liam Kelly — Board Director and Chair of People, Culture & Change Committee
- Myles Edwards — Senior Independent Director
- Mike Riley — Board Director
- Steve Allcock — Board Director
- Rachel Barber — Board Director and Chair of Audit & Risk Committee
Company officers (Companies House)
- YEWDALE, William Shaun on trustee list
- WROE, Helen Mary not on trustee list
- BARBER, Rachel Elizabeth on trustee list
- CHAPMAN, Robert Patrick Nelson on trustee list
- RICHARDS, Paul Andrew on trustee list
- ALLCOCK, Stephen Robert on trustee list
- RILEY, Michael Lee on trustee list
- LUCAS, Gerard Francis on trustee list
- KELLY, Liam Garth Christey on trustee list
- EDWARDS, Myles Jonathan on trustee list
- GILMORE, Ann-Louise on trustee list
- SHAW, Jamie
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Gerard Lucaschair
- Ann-Louise Gilmore
- Helen Mary O'Doherty
- Liam Garth Christey Kelly
- Michael Lee Riley
- Myles Jonathan Edwards
- Paul Andrew Richards
- Rachel Elizabeth Barber
- Robert Patrick Nelson Chapman
- Stephen Robert Allcock
- William Shaun Yewdale
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £82.7m | £74.5m |
| 31/03/2024 | £77.2m | £72.3m |
| 31/03/2023 | £69.6m | £70.5m |
| 31/03/2022 | £73.9m | £63.4m |
| 31/03/2021 | £69.6m | £59.6m |
Common questions
Is Magenta Living financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a consolidated operating surplus of £9.1 million and total reserves of £154.9 million, supported by robust cash balances and undrawn loan facilities. Per the trustees' report, the organization maintains a G1/V2 regulatory grading, indicating high governance standards and financial robustness despite inflationary pressures. Its FY2025 accounts were audited by Beever and Struthers.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE POINTER FAMILY TRUST | 1 | £212k |
| THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATION | 1 | £30k |
| THE CLARE MILNE TRUST | 1 | £10k |
| SOMERSET COMMUNITY FOUNDATION | 1 | £6k |
| THE FRENCH HUGUENOT CHURCH OF LONDON CHARITABLE TRUST | 1 | £3k |
| CHAPMAN CHARITABLE TRUST | 1 | £2k |
| The Dentons UK and Middle East LLP Charitable Trust | 1 | £2k |
| THE EDGAR E LAWLEY FOUNDATION | 1 | £2k |
Charities like this
- MAGNA VITAE
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALENE CHURCH, TORQUAY
- THE MAGENI TRUST
- MAGNIFY COLLECTIVE
- ST MARGARET'S HOUSE
- THE MAGDALEN ENVIRONMENTAL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Magenta Living | £82.7m | — | — | unclear | — | no doubt |
| MAGNA VITAE | £8.1m | — | — | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALENE CHURCH, TORQUAY | £221k | Under £60,000 | 0 | below | — | noted |
| THE MAGENI TRUST | £145k | — | 0 | within | — | no doubt |
| MAGNIFY COLLECTIVE | £193k | — | 0 | unclear | — | no doubt |
| ST MARGARET'S HOUSE | £1.3m | — | 0 | unclear | — | no doubt |