MAGNIFY COLLECTIVE
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Latest income
£193k
Latest spending
£200k
Registered
2022
Accounts read
FY2024
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
Largest income source: Donations from individuals
“The income comprised mostly donations from individuals.”
Per its FY2024 accounts as filed with the Charity Commission.
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.