MAGNIFY FOUNDATION
Trustees expect that grants will support one or both of the following outcomes:-To advance the Christian faithTo relieve those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantageTrustees are particularly keen to support individuals and small to medium sized community organisations who are at a pivotal point in their development.
Objects
THE OBJECTS OF THE CIO ARE :-3.1 TO ADVANCE THE CHRISTIAN FAITH; AND3.2 RELIEVE THOSE IN NEED, BY REASON OF YOUTH, AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE PRIMARILY BUT NOT EXCLUSIVELY BY PROVIDING GRANTS TO INDIVIDUALS IN NEED AND/OR TO INDIVIDUALS, CHARITIES OR OTHER ORGANISATIONS WORKING TO ADVANCE THE CHRISTIAN FAITH OR RELIEVE THOSE IN NEED AS DESCRIBED IN CLAUSE 3.2.NOTHING IN THIS CONSTITUTION SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CIO FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased significantly from £301,503 to £47,581 due to charitable grants expenditure exceeding incoming resources. The trustees confirm the financial statements are prepared on a going concern basis, asserting that no material uncertainties exist regarding the charity's ability to continue operations. Reserves are held above the stated minimum policy target of £3,000 to meet short-term operating requirements and grant commitments.
What the accounts disclose
“As a grant-making foundation, the Charity does not aim to retain reserves other than a minimum cash reserve of £3,000 to ensure the Charity has sufficient liquidity to meet any short-term operating requirements.” — page 6
“During the year, the Charity received donations from BCJC Property Limited, a company in which B J Collins and N J Davis are directors. The amount received during the year was £215,000 (2024: £nil).” — page 17
“During the previous year, the Charity received donations from DCMS Holdings Limited, a company in which B J Collins and N J Davis are directors. The amount received during the previous year was £100,000.” — page 17
“During the year, the Charity received donations from BCJC Property Limited, a company in which B J Collins and N J Davis are directors. The amount received during the year was £215,000 (2024: £nil).” — page 17
“During the previous year, the Charity received donations from DCMS Holdings Limited, a company in which B J Collins and N J Davis are directors. The amount received during the previous year was £100,000.” — page 17
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Serious incident reporting policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 3
- Grant-making is its main activity
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- Benjamin James Collinschair
- MEGAN SARAH COLLINS
- Nicholas John Davis
- Sarah Joy Ford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £216k | £460k |
| 31/12/2024 | £299k | £439k |
| 31/12/2023 | £375k | £295k |
| 31/12/2022 | £232k | £450k |
| 31/12/2021 | £604k | £130k |
Common questions
Is MAGNIFY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased significantly from £301,503 to £47,581 due to charitable grants expenditure exceeding incoming resources. The trustees confirm the financial statements are prepared on a going concern basis, asserting that no material uncertainties exist regarding the charity's ability to continue operations. Reserves are held above the stated minimum policy target of £3,000 to meet short-term operating requirements and grant commitments. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TESLAKE LIMITED | 1 | £60k |
| RADSTOCK TRUST CIO | 1 | £55k |
| THE DEO GLORIA TRUST | 1 | £5k |
Charities like this
- FIRM FOUNDATION TRUST
- WONDERFUL GIFT LIMITED
- G M C TRUST
- THE THORNTON TRUST
- MEAD CHARITABLE TRUST
- THE MAIDENHEAD MALACHI TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MAGNIFY FOUNDATION | £216k | — | — | above | — | no doubt |
| FIRM FOUNDATION TRUST | £36k | — | — | above | — | no doubt |
| WONDERFUL GIFT LIMITED | £62k | — | 0 | unclear | — | no doubt |
| G M C TRUST | £164k | — | 0 | unclear | — | no doubt |
| THE THORNTON TRUST | £53k | — | 0 | unclear | — | no doubt |
| MEAD CHARITABLE TRUST | £31k | — | 0 | below | — | no doubt |