MAGMA POETRY
The publication of poetry and writing about poetry.
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating deficit of £1,695 for the year ended 31 December 2024, compared to a deficit of £10,651 in the prior year. Free reserves decreased from £6,965 to £5,270, with unrestricted net assets held at £5,270. The filing notes that the company is entitled to exemption from audit under the small companies regime.
What the accounts disclose
Funders the charity credits
Trustees
- Lisa Kellychair
- DAVID FLOYD
- Fiona Moore
- HELEN CATHERINE NICHOLSON
- Kathryn Ann Pimlott
- Leonardo Boix
- MR LAURIE SMITH
- Selina Rodrigues
- Susannah Hart
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £37k | £38k |
| 31/12/2023 | £28k | £38k |
| 31/12/2022 | £31k | £34k |
| 31/12/2021 | £43k | £39k |
| 31/12/2020 | £44k | £33k |
Common questions
Is MAGMA POETRY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an operating deficit of £1,695 for the year ended 31 December 2024, compared to a deficit of £10,651 in the prior year. Free reserves decreased from £6,965 to £5,270, with unrestricted net assets held at £5,270. The filing notes that the company is entitled to exemption from audit under the small companies regime. Its FY2024 accounts were independently examined.
Who funds MAGMA POETRY?
Funders whose own accounts filings name MAGMA POETRY as a grant recipient include THE FENTON ARTS TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FENTON ARTS TRUST | FY2024 | £5k | |
| THE FENTON ARTS TRUST | FY2023 | £0 | |
| THE FENTON ARTS TRUST | FY2022 | £0 |