HEARTS MAGIC
To support the socially excluded in Blaenau Gwent through free events and other community beneficial support.
Financial health, per its FY2024 accounts
The accounts state that the charity's financial position is stable, allowing it to continue its community work comfortably. Reserves held amount to £33,300, which are maintained due to specific grant requirements and to ensure financial stability. There are no material deficits or uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Reserves are held due to specific requirements of grants received and to ensure financial stability.”
Trustees
- Andrew Allenchair
- Lindsay Marie Comer
- Mike Mercer
- Ralph Rockman
- TYRONE O'SULLIVAN OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £36k | £36k |
| 31/10/2023 | £60k | £29k |
| 31/10/2022 | £58k | £51k |
| 31/10/2021 | £0 | £2k |
| 31/10/2020 | £27k | £8k |
Common questions
Is HEARTS MAGIC financially healthy?
Per its FY2024 accounts: The accounts state that the charity's financial position is stable, allowing it to continue its community work comfortably. Reserves held amount to £33,300, which are maintained due to specific grant requirements and to ensure financial stability. There are no material deficits or uncertainties regarding the charity's ability to continue as a going concern.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/04/2020 | £10k | COVID-19 - Tredegar Community Taskforce |
| The National Lottery Community Fund | 24/10/2018 | £8k | Caring for the Heart of the Community |