Magenta Living
Latest income
£82.7m
Latest spending
£74.5m
Registered
2004
Accounts read
FY2025
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
Related-party transaction: Intra-group transactions with subsidiary Wirral Partnership Homes (Developments) Limited for housing property design and build services.
“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.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management charge to subsidiary Wirral Partnership Homes (Developments) Limited.
“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.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Intra-group transactions with subsidiary Bamboo Estates LLP.
“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.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Wirral Partnership Homes (Developments) Limited, Bamboo Estates LLP
“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
Per its FY2025 accounts as filed with the Charity Commission.
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
Structured financials (annual return, FY ending 31/03/2025)
Total income
£82.7m
Total spending
£74.5m
Reserves (reported)
£154.9m
Employees
583
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?
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.