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ST MARY MAGDALENE AND HOLY JESUS TRUST

Registered charity 225979 · accounts filings on the Charity Commission register

Provision of housing - almshouses - for older persons who are in need, hardship or distress within Newcastle upon Tyne. Payments for the relief in need of the Brethren and Sisters of the Hospitals of Thomas Davison, Ann Davison and Sir Walter Blackett. Making grants to, & provide or pay for items, services & facilities for individuals & organisations who are in need, hardship or distress.

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · Grant history (this charity is a funder) · website · Get email alerts

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“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. Discloses 5 of 6 completeness components.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

CQC provider record: The St. Mary Magdalene And Holy Jesus Trustee Limited — Deregistered, 2 registered locations, last inspected 17/12/2013.charity number confirmed by CQC CQC record

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).

Per its annual return, largest income source: Investments (65% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 18.7% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

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?

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. 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£190k
CBRE UK CHARITABLE TRUST1£750

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ST MARY MAGDALEN AND ST JOHN THE BAPTIST HOSPITALS CHARITY.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
ST MARY MAGDALENE AND HOLY JESUS TRUST£2.2m£60,001 - £70,000—no_policy—no doubt
ST MARY MAGDALEN AND ST JOHN THE BAPTIST HOSPITALS CHARITY FY2025£109k—0above—no doubt
MANNING AND ANDERDON ALMSHOUSES FY2025£109k—0unclear—no doubt
ST MARY'S EDUCATIONAL AND CHARITABLE TRUST FY2025£214k—0unclear—no doubt
ST MARY THE VIRGIN ESTATE MANAGEMENT CHARITY FY2025£460k—0below—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GORLESTON ST MARY MAGDALENE FY2024£279k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.