MAGDALEN & LASHER CHARITY - OLD HASTINGS HOUSE, CHARITABLE INCORPORATED ORGANISATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a global deficit of £901,202 for the year ended 31 March 2025, driven by the sale of its care home and significant investment impairments. Per the trustees' report, the charity's free reserves totalled £266,418, which the trustees view as a minimum level, while noting that the Magdalen and Lasher Charity General Fund has committed to supporting the charity for the foreseeable future.
What the accounts disclose
“Trustees view the present level of reserves as a minimum level and intend wherever possible to increase the Charity's cash reserves. The Trustees are currently reviewing the Charity's level of reserves”
“As at the year-end the charity owed £Nil (2024 - £40,000) to Magdalen & Lasher General Fund in respect of a loan made to the charity. The loan was repaid in financial year 2024/25.” — page 27
“A grant of £Nil (2024 - £100,000) was received and a donation of £1,891 (2024: £39,072) was received.” — page 27
“As at the year-end the charity owed £Nil (2024 - £40,000) to Magdalen & Lasher General Fund in respect of a loan made to the charity. The loan was repaid in financial year 2024/25.” — page 27
“A grant of £Nil (2024 - £100,000) was received and a donation of £1,891 (2024: £39,072) was received.” — page 27
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- CLIVE SCOTT GALBRAITHchair
- ANN WING
- Andrew Brian Pope
- Cllr James Bacon
- Dr Patricia Lock
- IAN MICHAEL STEEL
- Ian Gallagher
- JUDITH ANN ROGERS
- John Henry Bilsby
- KEITH DONALDSON
- MICHAEL JABEZ FOSTER
- Mark Andrew Boles
- Rev Mathew Jamie David Phipps
- SUSAN MARY Phillips
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.5m | £3.4m |
| 31/03/2024 | £2.5m | £2.5m |
| 31/03/2023 | £2.2m | £2.1m |
| 31/03/2022 | £2.2m | £2.0m |
| 31/03/2021 | £2.1m | £2.0m |
Common questions
Is MAGDALEN & LASHER CHARITY - OLD HASTINGS HOUSE, CHARITABLE INCORPORATED ORGANISATION financially healthy?
The accounts state that the charity reported a global deficit of £901,202 for the year ended 31 March 2025, driven by the sale of its care home and significant investment impairments. Per the trustees' report, the charity's free reserves totalled £266,418, which the trustees view as a minimum level, while noting that the Magdalen and Lasher Charity General Fund has committed to supporting the charity for the foreseeable future. Its FY2025 accounts were audited by Ad Valorem Audit Services Limited.