TWO MAGPIES FUND
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?
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 |
|---|---|---|
| M B FOUNDATION (ALSO KNOWN AS MOSSAD HORAV MOSHE ARYEH HALEVY) | 1 | £490k |
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| UK FRIENDS OF YAD YISROEL INCORPORATING SPONSOR A MEAL FOUNDATION | 1 | £1k |
| BCH TRUST | 1 | £1k |