THE MAGIC WISHING WELL
The trustees are looking to support homeless, elderly, unsheltered individuals and the terminally ill, the trusteesendeavour to use those funds to provide a structured plan for homeless individuals as to providing themwith everyday essentials and necessities like food, water, clothes etc. Also making dreams/wishes come true for individuals including offering sporting scholarships & bursaries.
Objects
FOR THE PUBLIC BENEFIT THE RELIEF OF THOSE IN NEED ANYWHERE IN THE WORLD BY REASON OF YOUTH, AGE, ILL-HEALTH, DISABILITY, OR SOCIAL OR ECONOMIC DISADVANTAGE IN PARTICULAR BUT NOT EXCLUSIVELY BY COORDINATING AND DEVELOPING SERVICES SUCH AS, THE PROVISION OF BEDDING, CLOTHING, FOOD FINANCE AND SUCH OTHER SERVICES FOR THOSE IN NEED AS THE TRUSTEES MAY DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased to £174,522 from £28,798 in the prior year, with trustees considering this level prudent during the economic downturn. The charity reported net income of £145,724 against total resources expended of £217,106, resulting in a positive movement in funds. No material uncertainties or risks to continuing operations were disclosed in the filing.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Mohammed Akeel Faraz
- Rashad Ali Khan
- Zulfikar Nazir
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £363k | £217k |
| 31/03/2024 | £200k | £194k |
| 31/03/2023 | £53k | £48k |
| 31/03/2022 | £143k | £142k |
| 31/03/2021 | £67k | £52k |
Common questions
Is THE MAGIC WISHING WELL financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves increased to £174,522 from £28,798 in the prior year, with trustees considering this level prudent during the economic downturn. The charity reported net income of £145,724 against total resources expended of £217,106, resulting in a positive movement in funds. No material uncertainties or risks to continuing operations were disclosed in the filing. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 29/04/2021 | £10k | Mental & Health Wellbeing |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CLASSQUOTE LIMITED | 1 | £30k |
| KMB ESTATES | 1 | £18k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £10k |
| THE ALLEN LANE FOUNDATION | 1 | £2k |
| SSP FOUNDATION | 1 | £500 |
Charities like this
- WISHING WELL PROJECT
- THE WELLAND TRUST
- THE GENIES WISH CHARITY
- MY WISH CHARITY
- TRUSTWELL LIMITED
- PROMISE DREAMS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MAGIC WISHING WELL | £363k | — | 0 | unclear | — | no doubt |
| WISHING WELL PROJECT | £1.1m | — | 0 | within | — | no doubt |
| THE WELLAND TRUST | £104k | — | — | unclear | — | no doubt |
| THE GENIES WISH CHARITY | £324k | — | 0 | unclear | — | no doubt |
| MY WISH CHARITY | £660k | — | 0 | above | — | no doubt |
| TRUSTWELL LIMITED | £162k | — | 0 | above | — | no doubt |