MAGIC (UK) LIMITED
Latest income
£4.2m
Latest spending
£4.2m
Registered
2015
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds totalled £900,685, while the trustees' reserves policy target is three months' pay for employees. The document notes that cash and cash equivalents decreased to £228,086 from £645,471 in the prior year, and trade debtors were significantly higher at £1,183,258 compared to £6,674 previously.
What the accounts disclose
Reserves policy: three months pay for employees (held: £901k)
“the trustees have agreed that the level of reserves should be sufficient to support 3 months pay for employees” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Lease agreements with trustee Dr. Uzma Choudhry and Shahbaz Jehangir Choudhry
“Magic (UK) Limited entered into lease agreements with Dr. Uzma Choudhry (trustee) and Shahbaz Jehangir Choudhry, paying a total of £45,000 during the period (2024: £17,951). The payments were made on standard terms. At the year end, no balances were due to or from the related party.” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/08/2025)
Total income
£4.2m
Total spending
£4.2m
Reserves (reported)
£228k
Employees
77
Trustees
- Kirstine Boonchair
- Diane Martin
- Dr Uzma Choudhry
- Jen Daly
- Peter Chatwell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £4.2m | £4.2m |
| 30/04/2024 | £2.9m | £2.9m |
| 30/04/2023 | £2.6m | £2.4m |
| 30/04/2022 | £2.4m | £2.2m |
| 30/04/2021 | £1.8m | £1.7m |
Common questions
Is MAGIC (UK) LIMITED financially healthy?
The accounts state that unrestricted funds totalled £900,685, while the trustees' reserves policy target is three months' pay for employees. The document notes that cash and cash equivalents decreased to £228,086 from £645,471 in the prior year, and trade debtors were significantly higher at £1,183,258 compared to £6,674 previously. Its FY2025 accounts were audited by UHY Hacker Young.