MAGEN CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £70,240 for the year ended 31 March 2023, resulting in a decrease in unrestricted reserves from £1,758,179 to £1,687,939. The trustees confirmed that systems are in place to mitigate major risks and that the charity met its aims. The filing does not disclose a specific reserves policy target or indicate any material uncertainty regarding going concern.
What the accounts disclose
Trustees
- JACOB HALPERN
- ROSA HALPERN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £165k | £164k |
| 31/03/2024 | £181k | £252k |
| 31/03/2023 | £289k | £360k |
| 31/03/2022 | £223k | £275k |
| 31/03/2021 | £207k | £64k |
Common questions
Is MAGEN CHARITABLE TRUST financially healthy?
The accounts state that the charity reported a net deficit of £70,240 for the year ended 31 March 2023, resulting in a decrease in unrestricted reserves from £1,758,179 to £1,687,939. The trustees confirmed that systems are in place to mitigate major risks and that the charity met its aims. The filing does not disclose a specific reserves policy target or indicate any material uncertainty regarding going concern. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TRUMROS LIMITED | 1 | £142k |
| OYY LUBAVITCH BOYS SCHOOL | 1 | £121k |
| YAD VEACHISOMOCH L'CHAIM | 1 | £62k |
| M AND L COHEN CHARITABLE TRUST | 1 | £19k |
| AHAVAS SHALOM TRUST | 1 | £7k |
| DAVID LISTER CHARITABLE TRUST | 1 | £7k |