MAGAR ASSOCIATION
THE CHARITY OPERATES FOR THE BENEFIT OF THE MAGARS AND THROUGH LOCAL AND NATIONAL MEETINGS AND EVENTS MAINTAINS A SOCIAL AND CULTURAL NETWORK AND RAISES FUNDS FOR PROJECTS AND GRANTS TO INDIVIDUAL FAMILIES
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £11,890 for the year, resulting in a decrease in total net assets from £330,124 to £311,727. The trustees' report confirms the financial statements are unaudited and were examined by an independent examiner who found no material matters requiring attention. The charity holds unrestricted reserves of £311,727, though no specific reserves policy target is stated in the document.
What the accounts disclose
Trustees
- Lalbahadur Punchair
- CHHABI MAYA PUN
- Capt. Retd. Ram Bahadur Pun
- GUMAN SING THAPA
- Goman Sing Pun
- Lt. Col. Retd. Mr. Devendra Ale
- Maj. Retd. Dr. Prem Bahadur Ale
- Mohan Thapa
- NETRA BAHADUR ALE
- Purnakumari Pun
- Sita Pun
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £74k | £86k |
| 31/03/2024 | £79k | £34k |
| 31/03/2023 | £66k | £34k |
| 31/03/2022 | £27k | £10k |
| 31/03/2021 | £44k | £38k |
Common questions
Is MAGAR ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £11,890 for the year, resulting in a decrease in total net assets from £330,124 to £311,727. The trustees' report confirms the financial statements are unaudited and were examined by an independent examiner who found no material matters requiring attention. The charity holds unrestricted reserves of £311,727, though no specific reserves policy target is stated in the document. Its FY2025 accounts were independently examined.