MAGIC BUS UK
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £58,640 for the year ended 31 March 2025, resulting in a decrease in total funds to £111,263. The trustees consider the charity’s desired level of reserves to be approximately £40,000, which is equivalent to three months of operating costs, and note that the current unrestricted reserves of £39,868 are in line with this target. Despite the deficit, the trustees and auditor confirm that no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees consider the charity’s desired level of reserves to be equivalent to three months operating costs or approximately £40,000 based on the current cost base which the unrestricted reserves are in line with.” — page 9
“In the year under review £13,960 (2024: £13,960) was charged by Magic Bus Global for use of the Magic Bus trademarks and other intellectual property.”
“During the year under review the charity's trustees made donations to the general funds totalling £58 (2024: £300) together with £5,000 (2024: £29,990) of donations towards Circle projects.” — page 23
“In the year under review £13,960 (2024: £13,960) was charged by Magic Bus Global for use of the Magic Bus trademarks and other intellectual property.”
“During the year under review the charity's trustees made donations to the general funds totalling £58 (2024: £300) together with £5,000 (2024: £29,990) of donations towards Circle projects.” — page 23
“In the year under review £13,960 (2024: £13,960) was charged by Magic Bus Global for use of the Magic Bus trademarks and other intellectual property.”
“During the year under review the charity's trustees made donations to the general funds totalling £58 (2024: £300) together with £5,000 (2024: £29,990) of donations towards Circle projects.” — page 23
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Anne-Lindsay Makepeace
- Balvinder Kaur Parmar
- Edward Wills
- Sanjay Jawa
- Sanjiv Padmanabhan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £494k | £553k |
| 31/03/2024 | £575k | £564k |
| 31/03/2023 | £509k | £515k |
| 31/03/2022 | £523k | £481k |
| 31/03/2021 | £424k | £471k |
Common questions
Is MAGIC BUS UK financially healthy?
The accounts state that the charity reported a deficit of £58,640 for the year ended 31 March 2025, resulting in a decrease in total funds to £111,263. The trustees consider the charity’s desired level of reserves to be approximately £40,000, which is equivalent to three months of operating costs, and note that the current unrestricted reserves of £39,868 are in line with this target. Despite the deficit, the trustees and auditor confirm that no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Blue Spire Limited.
Who funds MAGIC BUS UK?
Funders whose own accounts filings name MAGIC BUS UK as a grant recipient include BERNARD LEWIS FAMILY CHARITABLE TRUST, THE GEORG AND EMILY VON OPEL FOUNDATION, THE SANDHU CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| BERNARD LEWIS FAMILY CHARITABLE TRUST | FY2021 | £200k |
| THE GEORG AND EMILY VON OPEL FOUNDATION | FY2023 | £30k |
| THE SANDHU CHARITABLE FOUNDATION | FY2025 | £30k |
| THE SANDHU CHARITABLE FOUNDATION | FY2022 | £25k |
| THE SANDHU CHARITABLE FOUNDATION | FY2023 | £15k |
| BERNARD LEWIS FAMILY CHARITABLE TRUST | FY2022 | £3k |
| BERNARD LEWIS FAMILY CHARITABLE TRUST | FY2024 | £270 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MAGIC MOMENTS | 1 | £8k |
| DAVID LISTER CHARITABLE TRUST | 1 | £7k |