MAGEN CHARITABLE TRUST
Relief of povertySupport educational establishmentsSupport religious education
Objects
FOR SUCH CHARITABLE PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,617,331, providing a significant buffer against future commitments. The charity reported a small net deficit of £444 for the year, primarily due to charitable distributions exceeding income, but maintained a strong balance sheet with substantial investment assets. The trustees confirmed that systems are in place to mitigate operational and financial risks.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity at a level which the trustees think appropriate after considering the future commitments of the charity and likely costs of the charity for the next year.” — page 4
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
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?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,617,331, providing a significant buffer against future commitments. The charity reported a small net deficit of £444 for the year, primarily due to charitable distributions exceeding income, but maintained a strong balance sheet with substantial investment assets. The trustees confirmed that systems are in place to mitigate operational and financial risks. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROZAC CHARITABLE TRUST | 1 | £12k |
Charities like this
- GAMLEN CHARITABLE TRUST
- AMBERGATE CHARITABLE TRUST
- LIMOGES CHARITABLE TRUST
- THE MANACKERMAN CHARITABLE TRUST
- THE MORGAN CHARITABLE FOUNDATION
- M O CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MAGEN CHARITABLE TRUST | £165k | — | 0 | above | — | no doubt |
| GAMLEN CHARITABLE TRUST | £700k | — | 0 | above | — | no doubt |
| AMBERGATE CHARITABLE TRUST | £41k | — | 0 | unclear | — | no doubt |
| LIMOGES CHARITABLE TRUST | £69k | — | 0 | within | — | no doubt |
| THE MANACKERMAN CHARITABLE TRUST | £153k | — | 0 | within | — | no doubt |
| THE MORGAN CHARITABLE FOUNDATION | £139k | — | 0 | above | — | no doubt |