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MY LIFE LEGACY

Registered charity 1167858 · accounts filings on the Charity Commission register

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Latest income
£7.3m
Latest spending
£7.1m
Registered
2016
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity made a net income of £146,539 for the year ended 31 March 2025, increasing total funds to £758,418. The trustees report that while finances have been tight due to funding pressures and wage increases, the charity is sustainable and has contributed to rebuilding reserves depleted during the pandemic. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding going concern.

What the accounts disclose

Reserves policy: three to six months of operating costs (held: £740k)
“We aim to hold between 3-6 months of operating costs as unrestricted reserves to enable us to allow for this aspect of our service as well as any other unpredictable situation such as an international pandemic.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: The Founder Trustee and former Director of the CiC was appointed CEO on 1 August 2016 and received remuneration in the period totalling £79,884.
“The Founder Trustee and former Director of the CiC was appointed CEO on 1 August 2016 and received remuneration in the period totalling £79,884 (2024 £77,069).” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity was invoiced for services provided by Alocura Limited, a company in which one trustee is a director, totalling £825,281. There was a balance due to Alocura Limited as at 31 March 2025 of £160,409.
“During the period the charity was invoiced for services provided by Alocura Limited, a company in which one trustee is a director, totalling £825,281 (2024 - £706,128). There was a balance due to Alocura Limited as at 31 March 2025 of £160,409 (2024 - £54,249.82).” — page 22
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Sumer Auditco Limited. Discloses 4 of 6 completeness components.

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

Total income
£7.3m
Total spending
£7.1m
Reserves (reported)
£740k
Employees
209

Reported reserves equal ~1.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

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

Operates in: Blackpool · Bolton · Lancashire · Salford City · St Helens · Warrington · Wigan

Income and spending

Financial year endIncomeSpending
31/03/2025£7.3m£7.1m
31/03/2024£6.2m£6.3m
31/03/2023£5.6m£5.4m
31/03/2022£4.8m£5.0m
31/03/2021£3.7m£3.8m

Common questions

Is MY LIFE LEGACY financially healthy?

The accounts state that the charity made a net income of £146,539 for the year ended 31 March 2025, increasing total funds to £758,418. The trustees report that while finances have been tight due to funding pressures and wage increases, the charity is sustainable and has contributed to rebuilding reserves depleted during the pandemic. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding going concern. Its FY2025 accounts were audited by Sumer Auditco Limited.