Causes
 X
Resources
 X
User Services
 X
home >> charity search >> magenta living
Finance Score: -2
Governance Score: 9
Support Score: 3
  • Excess reserves: -2
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +3
Overall GiG Score: 10 ?

MAGENTA LIVING 

To provide social housing to those who are unable to meet their own housing costs in the open market.
Analysis by Giving is Great

Positives:

  • The charity has received backing from a grant maker
  • There have been no material income shortfalls in recent years
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £149,052,000 available, equivalent to 25 months of spending and so may not be able to utilise additional funding
miles

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/03/23£69,604£70,516£-912£0£149,052£149,05225.45600
31/03/22£73,900£63,367£10,533£0£115,903£115,90321.95650
31/03/21£69,589£59,589£10,000£0£111,971£111,97122.55430
31/03/20£65,730£61,985£3,745£16£157,477£157,47730.54940
31/03/19£69,361£65,700£3,661£466£108,747£108,74719.95100
31/03/18£66,301£57,244£9,057£0£105,093£105,093224780
31/03/17£65,327£49,811£15,516£0£85,982£85,98220.74730
31/03/16£62,963£52,054£10,909£0£70,629£70,62916.35170
31/03/15£64,373£54,613£9,760£0£51,094£51,09411.25360
31/03/14£59,060£54,672£4,388£0£51,793£51,79311.45340
31/03/13£55,189£58,718£-3,529£0£43,470£43,4708.95270
31/03/12£60,343£52,488£7,855£0£51,973£51,97311.95070
31/03/11£58,144£57,518£626£0£-22,040£-22,040-4.64790
31/03/10£47,051£48,319£-1,268£0£-15,788£-15,788-3.94960
31/03/09£46,115£63,132£-17,017£0£-20,064£-20,064-3.85130
31/03/08£46,805£61,709£-14,904£0£-4,766£-4,766-0.92820
31/03/07£43,544£46,793£-3,249£0£10,063£10,0632.62870
31/03/06£53,916£41,435£12,481£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 48%
Liabilities/Income: 192%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 25.4 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1
Asset Split ?
Established: 19 years

www.magentaliving.org.uk

governanceteam@magentaliving.org.uk

0800 100 9596

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Accommodation/Housing
  • Disability
  • Economic/Community Development/Employment
  • Education/Training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Other facilities management and maintenance
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides human resources
  • Provides services
Where it operates
  • Cheshire West & Chester, Wirral,
Who it helps
  • Elderly/Old People
  • People With Disabilities
  • The General Public/Mankind
Who works here?
  • 560 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations
Amount When
Months		 To be used for
Ministry for Housing, Communities and Local Government - AFFORDABLE HOUSING GRANT
£1,250,850 01/04/2020
The Affordable Homes Programme provides grant funding to registered providers to support the delivery of affordable housing.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)
Current Trustees appointed
Gender Split

Age Range of Trustees: 36-69
  • GERARD LUCAS (Chair) Appointed: 2021, Occupation: Company Director
Legal constitution
  • Charitable company registered in England & Wales on 24/11/2004, number: 1106969
  • Registered at Companies House on 26/09/2003, number: 04912562
Gift Aid
  • NOT registered with HMRC for Gift Aid
Other Regulators
  • Homes England
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Filing Record
18 returns made; all on time
Main office

Magenta Living
Partnership Building
Hamilton Street
Birkenhead
CH41 5AA

Objectives

THE OBJECTS OF THE COMPANY SHALL BE: (1) TO PROVIDE HOUSES OR HOSTELS INCLUDING SOCIAL HOUSING AND ANY ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS; (2) TO PROVIDE FOR AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF HOUSES OR HOSTELS INCLUDING SOCIAL HOUSING AND ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; (3) TO PROVIDE SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED, OR CHRONICALLY SICK PERSONS IN NEED THEREOF AND PROVIDE ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; (4) TO PROVIDE RECREATION OR OTHER LEISURE FACILITIES IN THE INTEREST OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS OF THE LOCAL AUTHORITY AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK; (5) TO RELIEVE POVERTY AMONGST RESIDENTS OF THE LOCAL AUTHORITY AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK; (6) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; (7) TO MAINTAIN, IMPROVE OR PROVIDE PUBLIC AMENITIES FOR THE PUBLIC BENEFIT IN THE INTERESTS OF REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK.

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE NATIONALLY.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?
 The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
 Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
 In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more
Giving is Great
Share

LinkedIn

WhatsApp
Copy Link
×