TWO MAGPIES FUND
Two Magpies Fund awards small grants to local charities and not for profit organisations working with women who have experienced abuse, as well as organisations helping children growing up in poverty.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £197,551 to £57,972, resulting in a net expenditure of £139,579 for the year. The trustees report that reserves policy targets maintaining three to six months of expenditure, and they consider this level has been maintained, although the absolute balance has dropped significantly. The charity confirms it has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“This level of reserves has been maintained throughout the year.”
“The trustees jointly donated income amounting to £189,681 (2023 : £254,000).” — page 12
“During the year, the charity paid grants totalling £100,000 (2023 : £27,312) to a charity of which one of the trustees is a trustee.” — page 12
“The trustees jointly donated income amounting to £189,681 (2023 : £254,000).” — page 12
“During the year, the charity paid grants totalling £100,000 (2023 : £27,312) to a charity of which one of the trustees is a trustee.” — page 12
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "below" (FY2024).
Trustees
- Kirsten Westlakechair
- Stian Westlake
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £284k | £340k |
| 31/03/2024 | £190k | £329k |
| 31/03/2023 | £452k | £252k |
| 31/03/2022 | £314k | £315k |
| 31/03/2021 | £405k | £406k |
Common questions
Is TWO MAGPIES FUND financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £197,551 to £57,972, resulting in a net expenditure of £139,579 for the year. The trustees report that reserves policy targets maintaining three to six months of expenditure, and they consider this level has been maintained, although the absolute balance has dropped significantly. The charity confirms it has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DULVERTON TRUST | 1 | £122k |
| TRUST FOR LONDON | 1 | £120k |
| SMALLWOOD TRUST | 1 | £40k |
| SIR HALLEY STEWART TRUST | 1 | £36k |
| THE A B CHARITABLE TRUST | 1 | £30k |
| THE BATCHWORTH TRUST | 1 | £25k |
| THE KPMG FOUNDATION | 1 | £25k |
| THE BROMLEY TRUST | 1 | £20k |
Charities like this
- THE MAGPIE PROJECT
- THE ONE FEEDS TWO FOUNDATION
- MARGARET DAVIES CHARITY
- SHINE@NECHELLSPOD
- WAFA RELIEF
- NEPACS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TWO MAGPIES FUND | £284k | — | 0 | below | — | no doubt |
| THE MAGPIE PROJECT | £626k | — | 0 | unclear | — | no doubt |
| THE ONE FEEDS TWO FOUNDATION | £137k | — | 0 | above | — | no doubt |
| MARGARET DAVIES CHARITY | £275k | — | 0 | above | — | no doubt |
| SHINE@NECHELLSPOD | £186k | — | 0 | unclear | — | no doubt |
| WAFA RELIEF | £560k | — | 0 | unclear | — | no doubt |