MAGDALEN AND LASHER EDUCATIONAL FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that free reserves totalled £382,424, which the trustees view as appropriate and prudent for the foreseeable future. The charity reported a net income of £212,039 for the year, driven by significant investment gains, while total charitable expenditure amounted to £264,578. The trustees confirmed that resources are adequate to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“They will aim to retain reserves of these levels as a minimum for the foreseeable future.”
“Magdalen and Lasher Charity General Fund Contribution for insurance costs of £4,489 (2024 - £2,544).”
Register events
- Received assets from another charity (30/06/2020)
Trustees
- CLIVE SCOTT GALBRAITHchair
- ANN WING
- Andrew Brian Pope
- Cllr James Bacon
- Dr Patricia Lock
- IAN MICHAEL STEEL
- Ian Gallagher
- JUDITH ANN ROGERS
- John Henry Bilsby
- Keith Stuart Donaldson
- MICHAEL JABEZ FOSTER
- Mark Andrew Boles
- Rev Mathew Jamie David Phipps
- SUSAN MARY PHILLIPS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £305k | £265k |
| 31/03/2024 | £274k | £243k |
| 31/03/2023 | £277k | £226k |
| 31/03/2022 | £271k | £223k |
| 31/03/2021 | £260k | £156k |
Common questions
Is MAGDALEN AND LASHER EDUCATIONAL FOUNDATION financially healthy?
The accounts state that free reserves totalled £382,424, which the trustees view as appropriate and prudent for the foreseeable future. The charity reported a net income of £212,039 for the year, driven by significant investment gains, while total charitable expenditure amounted to £264,578. The trustees confirmed that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2025 accounts were audited by Ad Valorem Audit Services Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HABERDASHERS' ASKE'S CHARITY | 1 | £500k |
| THE MICHAEL UREN FOUNDATION | 1 | £10k |
| CHURCH SOCIETY | 1 | £7k |
| HOPE WORLDWIDE | 1 | £3k |
| ICFEM DREAMLAND MISSION | 1 | £2k |
| LINCOLNSHIRE METHODIST DISTRICT | 1 | £2k |
| AVENUE ST ANDREW'S SOUTHAMPTON UNITED REFORMED CHURCH CHARITY | 1 | £2k |