HEARTS MAGIC
To support the socially excluded in Blaenau Gwent through free events and other community beneficial support.
Objects
TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING PEOPLE FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE PEOPLE WHO ARE SOCIALLY EXCLUDED AND ASSISTING THEM TO INTEGRATE INTO SOCIETY.FOR THE PURPOSE OF THIS CLAUSE ‘SOCIALLY EXCLUDED’ MEANS BEING EXCLUDED FROM SOCIETY, OR PARTS OF SOCIETY, AS A RESULT OF ONE OF MORE OF THE FOLLOWING FACTORS: UNEMPLOYMENT; FINANCIAL HARDSHIP; YOUTH OR OLD AGE; ILL HEALTH (PHYSICAL OR MENTAL); POOR EDUCATIONAL OR SKILLS ATTAINMENT AND RELATIONSHIP; FAMILY BREAKDOWN.
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.”
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
- Andrew Allenchair
- Lindsay Marie Comer
- Mike Mercer
- Ralph Rockman
- TYRONE O'SULLIVAN OBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £52k | £53k |
| 31/10/2024 | £36k | £36k |
| 31/10/2023 | £60k | £29k |
| 31/10/2022 | £58k | £51k |
| 31/10/2021 | £0 | £2k |
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 | 02/11/2021 | £9k | Tredegar Community Task Force |
| 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 |