Overall GiG Score: -11 ?
Finance Score: -10
Governance Score: -1
Support Score: 0
  • Excess reserves: -5
  • Accounts overdue -5
  • 12+ Trustees: -1
  • No supporters identified

THE MAGDALEN AND LASHER CHARITY 

The charity has three objects, namely:1. To pay pensions to elderly necessitious residents of Hastings2. To manage Old Hastings House3. To provide for the relief of need
Analysis by Giving is Great

Positives:

  • This charity has an endowment fund which generates all of its income
  • Spending has increased over the last 3 years relative to the previous period

Regulatory & Governance issues to consider:

  • There are 14 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £16,472,628 available, equivalent to 332 months of spending and so may not be able to utilise additional funding
  • Latest accounts are overdue for filing
Established: 61 years

www.magdalenandlasher.co.uk

admin@oldhastingshouse.co.uk

01424452646

Charity Commission for England and Wales
UN SDGs
?

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
31/03/22£518£595£-77£0£16,473£16,473332.300
31/03/21£515£385£130£0£15,682£15,682488.400
31/03/20£477£370£107n/an/an/an/an/a0
31/03/19£477£430£47n/an/an/an/an/a0
31/03/18£463£415£49£0£0£0n/a00
31/03/17£414£310£104£0£0£0n/a00
31/03/16£410£282£128£0£0£0n/a00
31/03/15£1,907£1,749£158£17£14,609£14,52999.7450
31/03/14£1,883£1,706£177£14£13,432£13,36094450
31/03/13£1,826£1,570£256£9£12,750£12,68196.9430
31/03/12£1,544£1,418£126£9£11,887£11,826100400
31/03/11£1,384£1,268£116£9£11,766£11,706110.8300
31/03/10£1,163£1,123£40£10£11,130£10,685114.2300
31/03/09£1,233£1,068£165£784£10,015£9,661108.5300
31/03/08£1,165£993£172£17£11,365£10,927132.1370
31/03/07£1,034£984£50£14£11,542£11,086135.2450
31/03/06£995£866£129£0£0£0n/a00
31/03/05*£949£826£122£0£0£0n/a00
31/03/04*£878£815£62£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 332.3 months
Net Current Assets/Spending: 4 months
Quick Ratio: 19.9
Asset Split ?
What it does
  • The Prevention Or Relief Of Poverty
Who it helps
  • Elderly/Old People
  • Other Charities Or Voluntary Bodies
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
Where it operates
  • East Sussex,

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (14)
Current Trustees appointed
Gender Split

Legal constitution
  • Charity registered in England & Wales on 06/11/1962, number: 211415
Gift Aid
  • NOT registered with HMRC for Gift Aid
Other Regulators
  • Care Quality Commission
Policies in force
  • Conflicting interests
  • Investment
  • Risk management
Filing Record
19 returns made; AR05: 1 days late, AR04: 1 days late,
Main office

The Magdalen & Lasher Charity
Old Hastings House
132 High Street
HASTINGS
East Sussex
TN34 3ET

Objectives

THE OBJECT OF THE CHARITY IS THE PREVENTION AND RELIEF OF POVERTY AND THE RELIEF OF OLD AGE AMONG BENEFICIARIES BY THE PROVISION OF FINANCIAL ASSISTANCE OR MATERIAL HELP (INCLUDING THE SUPPORT OF OTHER CHARITIES ENGAGED IN SIMILAR WORK IN HASTINGS).

Defined Area of Benefit:

IN OR NEAR THE BOROUGH OF HASTINGS.

Data Sources

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

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