THE MAGIC WISHING WELL
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
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?
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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £10k |