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PENNINE MAGPIE

Registered charity 1147911 · accounts filings on the Charity Commission register

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Latest income
£1.6m
Latest spending
£1.5m
Registered
2012
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that net income increased significantly to £198,229, driven by a 73% rise in income and support for 131 members. Free reserves stood at £1,084,079, which the trustees note is well above their policy target of keeping between three and six months' running costs. The charity remains in a strong financial position with no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Reserves policy: three to six months of running costs (held: £1.1m)
“Magpies keeps between 3 and 6 months’ running costs as reserves for the purpose of enabling the smooth running of the charity.” — page 4
Per its FY2022 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.6m
Total spending
£1.5m
Reserves (reported)
£1.2m
Employees
41

Reported reserves equal ~9.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bradford City · Calderdale · Kirklees

Income and spending

Financial year endIncomeSpending
31/12/2024£1.6m£1.5m
31/12/2023£1.6m£1.4m
31/12/2022£957k£759k
31/12/2021£540k£550k
31/12/2020£547k£567k

Common questions

Is PENNINE MAGPIE financially healthy?

The accounts state that net income increased significantly to £198,229, driven by a 73% rise in income and support for 131 members. Free reserves stood at £1,084,079, which the trustees note is well above their policy target of keeping between three and six months' running costs. The charity remains in a strong financial position with no material uncertainties regarding its ability to continue as a going concern. Its FY2022 accounts were independently examined.