## **Trustees’ Annual Report for the period** **From** 1 January 2024 **To** 31 December 2024 **Charity name: MAGNIFY COLLECTIVE** **Charity registration number:** ## **1197908** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|1.**The advancement of the Christian**
**faith.**
2.**Use of digital and print media and**
**other such means for charitable**
**purposes.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|1.**Production of a digital and print**
**magazine.**
2.**Teaching and equipping seminars.**
3.**Production of faith-based digital**
**content for community empowering.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Magnify Collective has complied with**
**the duty in section 4 of the 2006**
**Charities Act to have due regard to**
**guidance published by the Charity**
**Commission (i.e. public benefit**
**statement). Magnify Collective was**
**incorporated as a charitable company**
**limited by guarantee, with no share**
**capital on 17th December 2018. The**
**charity is run in accordance with the**
**articles of association laid out at that**
**time and amended on 13th August 2021.**| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Contribution made by Para 1.38 volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The charity remained dedicated to its objective**
**of expanding its outreach with the message of**
**Christianity. Operations were evaluated to**
**ensure alignment with organisational goals.**
**Investments were made in the development**
**and distribution of digital resources to support**
**individuals experiencing stress, depression,**
**loss, or anxiety, as well as those interested in**
**learning more about the Christian faith. The**
**organisation successfully engaged a broader**
**audience compared to previous periods with its**
**message of hope.**| **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**At the end of the year the combined income of**
**the charity was £193,168 with total expenses of**
**£200,329. The income comprised mostly**
**donations from individuals.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The charity does not have a reserves**
**policy.**| |Amount of reserves held|Para 1.22|**Funds that were not allocated were**
**reported as reserves on the balance**
**sheet. The bank balance at the end of**
**the reporting period was £338.**| |Reasons for holding zero
reserves|Para 1.22|**The charity depends on donations to**
**fund its activities.**| |Details of fund materially in
deficit|Para 1.24|**None**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None foreseen**| **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**Articles of Association**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Company limited by guarantee**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Appointed by trustees**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|| **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Magnify Collective| |---|---| |Other name the charity uses|Magnify| |Registered charity number|1197908| |Charity’s principal address|124 CITY ROAD
LONDON
EC1V 2NX| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Olabode
Awogbade|||| ||Ruth Afolabi|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Olabode Awogbade|| ||
Chair|| ||29/10/2025|| ||29/10/2025||