THE MAGIC COTTAGE
Financial health, per its FY2025 accounts
The accounts state that total expenses of £368,164.57 exceeded total income of £314,358.94, resulting in a reduction of reserves from £144,353.31 to £90,547.68. The trustees report that the charity faced a devastating fire and a hate campaign, leading to staff redundancies and a shortage of funds. While the charity continues to support its target beneficiaries, the trustees indicate they do not feel completely out of the woods yet.
What the accounts disclose
“We do not feel completely out of the woods yet” — page 2
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Trustees
- Angelica Mary Meletiou
- Gabrijela Maisie Klaric - Grubb
- Mark Reynolds
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £314k | £368k |
| 31/07/2024 | £422k | £430k |
| 31/07/2023 | £346k | £351k |
| 31/07/2022 | £265k | £253k |
| 31/07/2021 | £349k | £204k |
Common questions
Is THE MAGIC COTTAGE financially healthy?
The accounts state that total expenses of £368,164.57 exceeded total income of £314,358.94, resulting in a reduction of reserves from £144,353.31 to £90,547.68. The trustees report that the charity faced a devastating fire and a hate campaign, leading to staff redundancies and a shortage of funds. While the charity continues to support its target beneficiaries, the trustees indicate they do not feel completely out of the woods yet. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 1 | £590k |
| SF FOUNDATION | 1 | £166k |
| TIFERES YOCHANAN TOLNA | 1 | £96k |
| HURDALE CHARITY LIMITED | 1 | £94k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £85k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £85k |
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £79k |
| ANEINU LIMITED | 1 | £70k |