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MAGNA VITAE

Registered charity 1160156 · accounts filings on the Charity Commission register

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Latest income
£8.1m
Latest spending
£7.9m
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity achieved a surplus of £211,663 for the year ended 31 March 2024, following a significant increase in income and expenditure. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with total reserves standing at £2.27 million.

What the accounts disclose

Reserves policy: at least £1m in unrestricted or free reserves (held: £1.5m)
“This reserves figure is higher than our Reserves Policy which is to hold at least £1m in unrestricted or free reserves.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: A R Lidgard resigned as a trustee on 11 December 2023.
“A R Lidgard has significant influence and control over Brackenborough Limited. During the year, the company provided hospitality services at a cost of £591 (2023 - £697). There was no balance outstanding at either year-end. A R Lidgard resigned as a trustee on 11 December 2023.” — page 72
“The spouse of James Brindle runs First Cricket. During the year, the club was invoiced for hire costs of £735 (2023 - £1,801). The balance outstanding at the year-end was £232 (2023 - £302) which is included in trade debtors.” — page 72
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: James Brindle is an Executive Director.
“A R Lidgard has significant influence and control over Brackenborough Limited. During the year, the company provided hospitality services at a cost of £591 (2023 - £697). There was no balance outstanding at either year-end. A R Lidgard resigned as a trustee on 11 December 2023.” — page 72
“The spouse of James Brindle runs First Cricket. During the year, the club was invoiced for hire costs of £735 (2023 - £1,801). The balance outstanding at the year-end was £232 (2023 - £302) which is included in trade debtors.” — page 72
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: James Brindle is an Executive Director.
“A R Lidgard has significant influence and control over Brackenborough Limited. During the year, the company provided hospitality services at a cost of £591 (2023 - £697). There was no balance outstanding at either year-end. A R Lidgard resigned as a trustee on 11 December 2023.” — page 72
“The spouse of James Brindle runs First Cricket. During the year, the club was invoiced for hire costs of £735 (2023 - £1,801). The balance outstanding at the year-end was £232 (2023 - £302) which is included in trade debtors.” — page 72
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Streets Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£8.1m
Total spending
£7.9m
Cost of raising funds
£17k
Reserves (reported)
£1.4m
Employees
179

Reported reserves equal ~2.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£8.1m£7.9m
31/03/2024£7.9m£7.6m
31/03/2023£6.4m£6.3m
31/03/2022£5.6m£5.4m
31/03/2021£4.1m£4.3m

Common questions

Is MAGNA VITAE financially healthy?

The accounts state that the charity achieved a surplus of £211,663 for the year ended 31 March 2024, following a significant increase in income and expenditure. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with total reserves standing at £2.27 million. Its FY2024 accounts were audited by Streets Audit LLP.