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ST MARY MAGDALENE AND HOLY JESUS TRUST

Registered charity 225979 · accounts filings on the Charity Commission register

Latest income
£2.2m
Latest spending
£1.7m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds total funds of £48,417,000, with a General Reserve policy target of £500,000 which is fully met. Per the trustees' report, the organization generated a net income of £490,500 before investment gains and reported a negative cash flow from operating activities of £829,100, though this was offset by significant investment gains.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£76k)
“In the band £60,001 - £70,000 1 -” — page 29
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: two years net cost of operations excluding depreciation (held: £500k)
“The General Reserve Policy level is £500,000 which equates to two years net cost of operations excluding depreciation” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees have members of their Freemen Companies receiving sheltered housing provided by the charity. All transactions were at arms length.
“A number of trustees have members of their Freemen Companies receiving sheltered housing provided by the charity. All of the beneficiaries qualify for housing under the charity eligibility criteria. All transactions with those related parties were at arms length.” — page 37
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services.

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

Total income
£2.2m
Total spending
£1.7m
Cost of raising funds
£414k
Reserves (reported)
£500k
Employees
8

Reported reserves equal ~3.5 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Newcastle Upon Tyne City

Income and spending

Financial year endIncomeSpending
31/03/2025£2.2m£1.7m
31/03/2024£2.1m£1.7m
31/03/2023£1.8m£1.5m
31/03/2022£1.8m£2.0m
31/03/2021£1.6m£1.5m

Common questions

Is ST MARY MAGDALENE AND HOLY JESUS TRUST financially healthy?

The accounts state that the charity holds total funds of £48,417,000, with a General Reserve policy target of £500,000 which is fully met. Per the trustees' report, the organization generated a net income of £490,500 before investment gains and reported a negative cash flow from operating activities of £829,100, though this was offset by significant investment gains. Its FY2025 accounts were audited by Azets Audit Services.

What does the highest-paid employee of ST MARY MAGDALENE AND HOLY JESUS TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
MATER ECCLESIAE CIO1£50k
CBRE UK CHARITABLE TRUST1£750

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ST MARY'S EDUCATIONAL AND CHARITABLE TRUST.