MAGNIFY COLLECTIVE
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THE CHARITY'S OBJECT IS, FOR THE PUBLIC BENEFIT, THE ADVANCEMENT OF THE CHRISTIAN FAITH PRIMARILY, BUT NOT EXCLUSIVELY, THROUGH THE MEANS OF DIGITAL AND PRINT MEDIA AND BY SUCH OTHER MEANS BEING EXCLUSIVELY CHARITABLE AS THE TRUSTEES SHALL DETERMINE.
Financial health, per its FY2024 accounts
The accounts state that total expenses of £200,329 exceeded combined income of £193,168 for the period. The charity reports no reserves policy and held a bank balance of £338 at the end of the reporting period. The trustees declare that no uncertainties about the charity continuing as a going concern are foreseen.
What the accounts disclose
“The income comprised mostly donations from individuals.”
Policies the charity declares
- Complaints policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Social media policy and procedures
- Volunteer management
Trustees
- Rev OLABODE AWOGBADEchair
- Ruth Afolabi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £193k | £200k |
| 31/12/2023 | £227k | £230k |
| 31/12/2022 | £146k | £137k |
Common questions
Is MAGNIFY COLLECTIVE financially healthy?
Per its FY2024 accounts: The accounts state that total expenses of £200,329 exceeded combined income of £193,168 for the period. The charity reports no reserves policy and held a bank balance of £338 at the end of the reporting period. The trustees declare that no uncertainties about the charity continuing as a going concern are foreseen.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MOHN WESTLAKE FOUNDATION | 1 | £1.0m |
| THE ARCHBISHOPS' COUNCIL | 1 | £999k |
| THE JD FOUNDATION | 1 | £561k |
| THE HEALTH FOUNDATION | 1 | £496k |
| THE NUFFIELD FOUNDATION | 1 | £382k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| JOHN ELLERMAN FOUNDATION | 1 | £150k |
| THE DULVERTON TRUST | 1 | £145k |
Charities like this
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MAGNIFY COLLECTIVE | £193k | — | 0 | unclear | — | no doubt |
| THE OITIJ-JO COLLECTIVE | £154k | — | 0 | unclear | — | no doubt |
| FULL FACT | £2.9m | — | — | within | — | no doubt |
| Pam Common Art Collective | £119k | — | 0 | below | — | noted |
| 1692 | £462k | — | 0 | within | — | no doubt |
| WAY UK | £210k | — | 0 | within | — | no doubt |